Starters

The foodservice industry has left a lasting footprint on the US economy and continues to evolve with time and new trends. In fact, the only constant in the restaurant world is changing. As regulations and new ideas arise, more and more restaurateurs are taking great pains to keep their fingers on the pulse of the industry to stay fresh and relevant. Here at KROST, we are here to help you stay in the know and the now. Our newsletter covers important issues that are applicable to a wide range of businesses from small family-run operations to large franchises. In our latest addition, we provide tips and tools to measure and control inventory levels to increase your potential profitability, discuss breakage and how it applies to your business, and share our insights on how to prevent employee theft.

We’ll answer some topical questions like:

• How will the minimum wage increase affect your business?

• What will be your sales and use tax rate starting October 1st?

• How does a Cost Segregation study increase the likelihood that your restaurant will be audited?

Main Entrées

BOE Sales and Use Tax Rate Increase effective October 1st 2017

BOE Sales and Use Tax Rate Increase effective October 1st 2017

As a restaurant operator, understanding the importance of maintaining accurate inventory levels for your restaurant is critical to running a successful business. High inventory levels in comparison with… » Read More

The State of The Onion – A Look at the Foodservice Industry

The State of The Onion – A Look at the Foodservice Industry

The Foodservice industry continues to have a large footprint in the American Economy. The Restaurant Industry annual sales are expected to reach $799 Billion in 2017 and currently employs 14.7 Million people… » Read More

Effective Tools to Measure and Control Inventory Levels

Effective Tools to Measure and Control Inventory Levels

As a restaurant operator, understanding the importance of maintaining accurate inventory levels for your restaurant is critical to running a successful business. High inventory levels in comparison with… » Read More

http://www.restaurantaccountants.com/news/its-time-for-a-mid-year-tip-check

It’s Time for a Mid-Year Tip Check

It’s time to do an analysis of your tip reporting status. The filing of form 8027 for tipping establishments is calculated on an annual basis and reported to the IRS in February. A mid-year tip check gives you some time… » Read More

Does Breakage Apply to Me?

Does Breakage Apply to Me?

Accounting for your restaurant can be both straightforward and complex. One of the upcoming complex issues is the accounting for breakage revenue. The term breakage refers to money that is received… » Read More

The Three Reasons You Should Worry About Employee Theft

The Three Reasons Why You Should Worry About Employee Theft

Running a successful and profitable restaurant has always been tough. With the challenges of rising employee wages, a shrinking labor force, and increasing competition… » Read More

The Year of Minimum Wage Increases

The Year of Minimum Wage Increases

We thought it was time to do a review on the effect of minimum wage increases year over year. Since January of 2016, we have experienced four minimum wage increase here in the Los Angeles area… » Read More

Does a Cost Segregation Study Increase the Likelihood that My Restaurant Will be Audited?

Does a Cost Segregation Study Increase the Likelihood that My Restaurant Will be Audited?

One of the most common concerns raised by restaurateurs regarding Cost Segregation Studies is whether it increases the likelihood of an IRS audit down the road… » Read More

Events

Grateful Table Event

September 9th at Centennial Farm OC Fair & Event Center. The Grateful Table is a fundraising dinner to launch Restaurants Care, an emergency assistance fund for restaurant workers facing an unexpected hardship. » Details

Restaurant Finance & Development Conference 2017

November 13 – 14 at the Cosmopolitan, Las Vegas. KROST is sponsoring and co-exhibiting with our sister company, KBKG, at the Restaurant Finance & Development Conference. » Details

Los Angeles Chapter CRA Golf Tournament

October 23rd at Brookside Golf Course, Pasadena. KROST is one of the sponsors for the CRA Los Angeles Chapter Golf Tournament held on Monday, October 23 from 10:30 AM – 6:30 PM. The event will be hosted at Brookside Golf Course and all proceeds benefit “ProStart”. » Details

Western Foodservice Expo 2017

Took place August 2017 in Los Angeles. Our industry leaders at KROST attended the biggest foodservice expo on August 27 – 29. The Western Foodservice Expo is a must-attend event for anyone involved in the restaurant, foodservice or hospitality industry. » Details

Sides

Client Profiles

Bottlefish
The vibrant community of Brentwood has a new destination for amazing seafood, craft cocktails and a well-appointed wine list, Bottlefish. Developed by the founders of California Pizza Kitchen, the restaurant is centered around responsibly sourced seafood, grilled specialties and an extensive oyster bar… » Read More

Pokeworks
Pokeworks is leading the poke bowl phenomenon all the way from New York City to Vancouver, Canada. Founded in 2015, Pokeworks founders wanted to share their passion for this flavor filled Hawaiian classic with of course a few twists like the Poke Burrito… » Read More

Testimonial

Gideon Kleinman, Pedalers Fork
"Confidence and empowerment through technology and great people to back it up. That is exactly how I would describe working with KROST. Since starting with KROST, CTUIT and Bill.com I have become a more informed and in control business owner…” » Read More

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