Every April, KROST travels to Sacramento to participate in the California Restaurant Association’s Restaurant Day at the Capitol. This year, Jean Hagan (Principal) and Robert Benson (Manager – Restaurant Operations) attended. This annual event affords KROST and the California Restaurant Association the opportunity to lobby directly to California’s legislators about pending legislative bills that impact Read the full article…
Did you know that 75% of employees have stolen at least once from their employer? Learn more in the new article “The Battle to be a Profitable Restaurant: How to Deal with Employee Theft” by Robert A. Benson, Manager – Restaurant Operations that appears in the newest issue of KROST Quarterly. “Most restaurant operators are Read the full article…
Most restaurant operators are engaged in a battle from new tax laws that adversely impact sales, to protect margins from increasing labor costs and food prices, and accounting for the added cost of delivery (driven by increased demand). Most of these examples are areas that are beyond an operator’s control. However, there are opportunities in Read the full article…
Toward the latter part of the 1980s, Cocktail Big and Die Hard were in the movie theaters, George Michael was telling us to have “Faith” and Wahoo’s Fish Tacos opened its first location in Costa Mesa, California. On the wall in that restaurant, was one of the first chemical warning signs posted because of Prop Read the full article…
Every successful restaurant operator knows that developing an annual budget is a time-consuming, tedious project. Studies show that companies who prepare annual operating budgets are more successful than those who don’t. Advantages of having a budget include being able to anticipate expenses, set targets for growing the business, and staying within financial limits. Have you Read the full article…
On July 1, 2018, the minimum wage in the Cities of Los Angeles & Santa Monica, and the County of Los Angeles increased. If you have not done so already, we recommend checking the minimum hourly wage settings in your POS and adjusting, if needed, to the new minimum wage. For specifics, please see the Read the full article…
Here at KROST, we have conducted several Restaurant Site Assessment (RSA) to help give owners and operators an insight into their processes and procedures and we wanted to share some of the interesting issues that we have come across. Sometimes, they even surprise us. At a full-service restaurant, after a 10-minute introduction, we asked the Read the full article…
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 to employees “who customarily and regularly receive tips.” The newly proposed change (29 CFR 531) would effectively return the rule Read the full article…
As the end of the year approaches, it’s time to start gathering the necessary information from your vendors to file your 2017 1099s. January 31, 2018 is the IRS deadline to file your 2017 1099 forms electronically. In order to obtain the necessary information to file your 1099-MISC, you will need to request a complete Read the full article…
