Does the New Tax Code Affect Your Business?
There are several changes in the new tax code that may or may not affect your sales. We are particularly concerned about lunch and daytime event sales, as these are the areas that could be affected the most... » Read More
5 Steps to Take Now if You Plan to Expand Your Restaurant Business
Are you planning to expand your restaurant business? Do you plan to open new stores? Do you need outside capital to fund that expansion? Here are five steps to take now to improve your chances of… » Read More
Free Ride Home After Drinking?
In 2015, alcohol-impaired driving (involving a driver or motorcycle operator with a blood alcohol concentration (BAC) of 0.08 grams per deciliter or higher) contributed to 914 deaths or 28.8% of all traffic fatalities in California… » Read More
Lunch Business – Old & New
I grew up outside of Philadelphia (so yes – Fly Eagles Fly)! I’m not going to disclose my age and will hereafter refer to this time as “back in the day”. So, back in the day, there was a famous restaurant near Head House Square called… » Read More
The Big Change on Tip Distributions and Tip Credits
On December 15, 2017, the Federal Labor Department notified the Office of Management and Budget that it intends to rescind the current rule (FLSA Sec. 203 “m”) that restaurant owners can only distribute pooled tips… » Read More
Restaurant Industry Tax Update
As the dust is settling from tax reform, restaurant owners should be aware of some changes that may have a substantial impact on their tax liability, both positively or negatively. In this post, we discuss the rules related to capital expenses and depreciation for restaurateurs… » Read More