Thu.Mar 30, 2023

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What Is the FICA Tip Credit? Five Things for Restaurants to Know About an Often-Missed Tax Credit

Modern Restaurant Management

The FICA Tip credit (FICA stands for Federal Insurance Contributions Act) is a federal income tax credit that was enacted to offer financial relief to businesses in the food service industry that has employees who receive part of their wages through tips given by customers. The tax credit was originally designed to deter businesses from hiding or underreporting tip income and prevent an unintended financial burden on those businesses for their share of the FICA tax on reported tips.

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Howard Schultz Doesn’t Think Starbucks Has Done Anything Wrong

EATER

Schultz testifying on Wednesday. | Photo by Anna Moneymaker/Getty Images In testimony before Congress, Schultz doubled down on the company’s anti-union position Yesterday, former CEO and current board member of Starbucks, Howard Schultz, finally testified in front of the Senate Health, Education, Labor and Pensions (HELP) Committee regarding the company’s treatment of unionizing workers.

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Pandemic victim Sweet Tomatoes is planning a comeback

Restaurant Business

The buffet salad chain has signed a lease to reopen in Tucson, Ariz., in a former location. It remains to be seen how the brand will adapt to the post-pandemic era.

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Go Inside a Michelin-Starred Restaurant Kitchen

Modern Restaurant Management

Bon Appétit positioned a series of cameras inside the kitchen at Michelin-starred New York restaurant Crown Shy. Executive chef Jamal James Kent narrates as he and the staff handle a typical dinner rush.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Where have all the pastry chefs gone?

Restaurant Business

Fine-dining restaurants are still hiring, but pastry teams and dessert menus have been downsized, leaving baking pros to find alternative employers or venture out on their own.

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Most Popular International Cuisines on Social Media

Modern Restaurant Management

The experts at Chef’s Pencil has released its latest report on the most popular international cuisines on social media. This year, the team included TikTok data, as the platform has emerged as one of the most popular social media platforms for sharing food-related content. They found that what’s trending on one social media platform is not always popular on the other.

More Trending

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THE BOND OF COOKS

Culinary Cues

More than friends, beyond being co-workers, and far more complex than just people who share a set of skills – cooks and chefs who work together become brothers and sisters. I don’t know if it’s totally unique to the kitchen trades, but aside from the bonds of sporting teams or the unbreakable ties that those in the military, law enforcement, and fire departments share, being part of a kitchen family is quite unique.

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Let's look at the reported bidders for Subway

Restaurant Business

The Bottom Line: Inspire Brands owner Roark Capital along with global gas station and restaurant operator EG Group are among the reported potential bidders for the fast-food sandwich chain. Here’s a look at the field.

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After 10 Years, Lisa Vanderpump’s West Hollywood Restaurant Pump Could Close

EATER

Charles Sykes/Bravo via Getty Im [link]

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Secrets To Restaurant Success With Jussi Laurila of Arnolds

Apicbase

“The secret? It’s simple, I love food.” — Jussi Laurila , owner of Arnolds. Talking to Jussi, is talking to a passionate man. He goes out of his way to share his great love of good food through the network of Arnolds coffee bars. “I’m fanatical when it comes to flavours, ingredients and quality. You can call us fast food if you want, or even junk food, because you can also make that kind of food better.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Sweetgreen pokes fast-casual rival with debut of a Chipotle Chicken Burrito Bowl

Restaurant Business

The LTO is Sweetgreen's first bowl with no lettuce and marks an ongoing move to capture the dinner daypart.

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More Restaurants and Bars Are Becoming Worker-Owned in NYC

EATER

Lille Allen/Eater [link]

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Presto to double down on drive-thru AI under new leadership

Restaurant Business

Interim CEO Krishna Gupta plans to continue what he helped his college buddy Rajat Suri start back in 2008. Suri stepped down as CEO this week.

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What Is Nonalcoholic Wine, Anyway?

EATER

[link]

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Taco Bell pits Cool Ranch Doritos Locos Tacos against Beefy Crunch Burritos in online smackdown

Restaurant Business

Rewards members can vote on the app now for the return of one of these fan favorites later this year.

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5 essential accounts to include in your restaurant chart of accounts

Margin Edge

CFO 1 Source, New Orleans

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Yum Brands has a $50M deal to help finance underserved franchisees

Restaurant Business

The program with the investment firm Lafayette Square, called Franchise Fast Start, is designed to provide access to capital for underrepresented franchisees of KFC, Pizza Hut, Taco Bell and Habit Burger.

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One of the bankrupt Burger King franchisees is on the verge of a sale

Restaurant Business

Burger King is among a trio of approved buyers of most of the 90 units owned by Toms King Holdings, which declared bankruptcy in January. A court has yet to approve the deal.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.