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Avoiding the Four Biggest Traps of Restaurant Payroll

Modern Restaurant Management

As an example, a restaurant owner doing payroll by hand may incorrectly record overtime pay and tip records, which subsequently leads to tax errors. The former are entitled to benefits such as minimum wage, overtime pay and workers’ compensation insurance.

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Q1 2022 Legal Update

Modern Restaurant Management

Insurance Coverage for COVID Claims Largely Rejected by Appellate Courts : Throughout the country, appellate courts are reviewing insurance coverage lawsuits brought by restaurants who were forced to close due to COVID-19 pandemic shutdown orders. Oregon Mutual Insurance Co., Litigation. The case, Compere v.

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What Now? COVID-19 Survival Guide for Restaurants

Modern Restaurant Management

Click here to read more tips to help your business get through the pandemic from a financial point of view. Global insurance brokerage Hub International , is responding tonumerous inquiries asking for more guidance through the Coronavirus crisis. Insurance coverages that may apply and how you need to approach the claims process.

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Ultimate Restaurant Payroll Guide 2021

7 Shifts

Doing payroll," or “running payroll,” encompasses the following: Calculating how much money (including tips) your business owes employees and contractors during a specific pay period. Health insurance plan opt-in forms. After tips, Max makes the state minimum wage of $10/hour. Tipped employees are classified by the U.S.

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Digital Dining and ‘Restaurant Recovery’ Show

Modern Restaurant Management

Visa is introducing a range of locally designed programs and solutions to enable SMBs to drive efficiency and sales through acceptance of digital payments, building online businesses and incentivizing neighborhood support. with menus designed to offer the best-selling delivery items by region, market, and time of day. Visa SMB Help.

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8 Reasons Why Restaurant Workers Quit (And How to Retain Them)

7 Shifts

73% of those employees still receive tips. Implement a tip pool. Tip pooling is another way that restaurants are changing up compensation more fair across the board. A tip pool eliminates some of the downsides of tipping like inconsistent wages, an emphasis on “good tables,” and an individual mentality among serving staff.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums.

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