As restaurant operators struggle to find enough staff to maintain their operations, many owners are considering improving their benefits package as an incentive for employees. Benefits expansion is a challenging and always tricky strategy for restaurant operators. An organization needs to be certain that the perks provided are valuable to the employee group through surveys Read the full article…
Author: Jean Hagan
Management Fees, It’s Time To Review
Restaurant companies with multiple units often collect management fees from the unit level to fund C-Suite management operations. The purpose of a management fee can be different for various companies. Still, the traditional purpose is to compensate a working owner or a working corporate staff for their support of the various units. If you have Read the full article…
Increased Consumer Price Index and Producer Price Index and How to Achieve Your Desired Food Costs
With all the pivots that our industry has been forced to make in the last 18 months, the biggest one is now upon us. Restaurants are always stiffly hesitant to raise their menu prices, believing that this will decrease their guest visits. I will make the argument that the restaurant experience is much more complicated Read the full article…
Restaurants Care Resilience Fund
Jean Hagan, Principal, serves on the Board of the California Restaurant Association Foundation. She is excited to share that in addition to funding employees’ needs through Restaurants Care, they have also been able to create a resilience fund for restauranteurs now. Through some major funding from SoCal Gas, PG&E, and SDG&E, they have been able Read the full article…
Alcoholic Beverage Control License Renewal Fee Waiver
The CA Governor signed a relief package that authorizes the ABC to waive license renewal fee’s for eligible licenses that expire between March 1st, 2021 and February 28, 2023. Eligible licenses are the following on sale licenses: The license type shall be one of the following: 021, 23, duplicate 23, 40, 41, 42, 47, duplicate Read the full article…
The COVID-19 Vaccine: Positioning Your Restaurant for a Successful 2021
With 2020 in the history books, many restauranteurs are looking at similar uncertainties in 2021 that the industry has been hurdling for the last nine months. Information is flying at us at near lightspeed, and it is easy to lose sight of the opportunities that lie within the voluminous pages of new legislation. However, one Read the full article…
Escheating Uncashed Payroll Checks
With all the different issues restaurants are facing in the COVID-19 environment, we still have a handful of ongoing issues that always need to be addressed at the end of the year. Escheating uncashed payroll checks to the State of California is one of the oldest, time-consuming procedures restaurateurs must conform to every year. Escheating Read the full article…
How Restaurants are Navigating the Pandemic: Service, Safety, and Support
The restaurant industry has never experienced what we are going through right now. I spend all my time consulting with responsible operators to figure out how to continue operations, keep staff and guests safe, and maintain cash flow. Hundreds of meetings have the same theme: we will fight and do whatever is necessary to keep Read the full article…
Restaurant Update: Into the Great Beyond
As discussions about the success of flattening the curve of the pandemic are encouraging everyone that we will get through this eventually, now the page turns to how do we get reopened and get our businesses back up and operating. The first thing everyone has to do is recognize that the restaurant industry after this Read the full article…
Qualifying Requirements for Refundable Employee Retention Credit
Eligible Employers Eligible employers can receive a refundable payroll tax credit of 50% of wages paid to employees between March 13th, 2020 and December 31st, 2020. An eligible Employer may not receive the Employee Retention Credit if the Eligible Employer receives a Small Business Interruption Loan under the Paycheck Protection Program that is authorized under Read the full article…