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THE KING IS IN THE HOUSE

Culinary Cues

How clear is our memory and how often do we tend to embellish on the positive and diminish the negative? Looking back can provide us with context and content for making future decisions – lessons learned and all that, or it can also help us to relish what worked and hold on to that for inspiration. Chefs are often nostalgic.

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How LLC Taxes Work

Restaurant Accounting

An LLC is a business structure that combines the tax and liability protection of a corporation with the flexibility and simplicity of a partnership or sole proprietorship. Unlike corporations, LLCs aren’t subject to double taxation. The post How LLC Taxes Work first appeared on Restaurant Accounting.

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IN PURSUIT OF THE CARROT

Culinary Cues

Some of us know that winning takes loads of hard work, conditioning, and focus, while others hope they can win without the effort. So, here it is – the mantra to live by and the importance of this topic to those of us who spend a lifetime in kitchens: PEOPLE WANT TO ALIGN WITH WINNERS AND WORK FOR WINNING ORGANIZATIONS – PERIOD!

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TWENTY COMMON MISTAKES INDEPENDENT RESTAURATEURS MAKE

Culinary Cues

How hard can it be – right? If you were to address them all then maybe, just maybe, you can make it work. [] ASSUMING THAT IT WILL BE EASIER AS AN OWNER. Tap into their resources for excellent benchmarks of performance. [] WORKING WITHOUT A BUDGET. Spoiler alert – nothing could be further from the truth.

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OUR DAILY BREATH: CHEFS AND RESTAURATEURS – DON’T WASTE THIS TIME

Culinary Cues

Everyone is beginning to get use to social distancing and understand just how serious this virus is. Nearly 14 million Americans work in restaurants and even more found a restaurant as their first job leading to numerous careers in their lives. This problem will continue – how will we address it? Harvest America Ventures, LLC.

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THE THRILL OF OPENING YOUR OWN RESTAURANT

Culinary Cues

Leave nothing to chance – no matter how small the task, put it on your list. Next, prioritize that list based on the amount of time, effort, and money it will take to get that specific work done. Adrenaline is like an accelerator on your car that is stuck to the floor and your brakes don’t work. THAT’S HOW IT WORKS!

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WHAT RESTAURANT OWNERS GET WRONG

Culinary Cues

I have the privilege of working with many different restaurants and food businesses. If you can’t find the funds for a full-time bookkeeper, then align with a CPA who can handle your deposits, taxes, payroll, accounts payable, and analytical data such as a P and L, balance sheet, income statement, and cash flow report.