We are happy to announce the release of our newest quarterly magazine! The Hospitality Issue highlights some of the hot topics in the hospitality industry including tax credit for new employees, double-dipping, lease provisions, and HR solutions. What You’ll Find Inside this Issue: Tax Credit for Hiring New Employees By Kimberly Hoang, CPA A Win Read the full article…
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…
Jean Hagan, Principal and leader of KROST’s restaurant practice, was featured on the SoCal Restaurant radio show hosted by Andy Harris on May 9th, 2020. 48,000 listeners and hundreds of live streamers tuned in as Jean discussed the future of dining out and provided sound advice on how restaurants should gradually prepare for the return Read the full article…
It’s time to do a short analysis of your status, regarding tip reporting. The annual filing form 8027 for tipping establishments is calculated on an annual basis-reported to the IRS in February. A mid-year tip check gives you some time to correct any issues you may have with individual employees or your employee group. As Read the full article…
Effective April 1st, 2019, a district tax increase will be applied in several localities throughout California. The rate increase is due to the passing of numerous Measures in various counties on November 6, 2018 to fund several improvements such as street improvements, maintain essential services, neighborhood safety, disaster preparedness, among others. To all restaurant operators, 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…
If you follow the restaurant and foodservice industry, you have likely noticed an increased demand for takeout and delivery. The addition of 3rd party delivery services simplifying the delivery process has been the major driving force behind the trend of adults, both young and old, enjoying a restaurant meal from the comfort of their own Read the full article…
The Waterfront/Boardwalk Tacos 205 Ocean Front Walk, Los Angeles, CA. We are proud to announce that our client, The Waterfront, is planning their grand opening at the end of October 2018. Their new restaurant and bar will feature a casual cafe that serves all day, along with a to-go component as well, offering coffee, healthy Read the full article…
Bondi Harvest Cafe is a casual dining destination inspired by Sydney’s most famous stretch of sand, Bondi Beach. Boasting a food philosophy focusing on locally-sourced produce seasonal cooking and healthy eating, amazing coffee, fresh juice and a laid-back friendly attitude. The space is full of sun and skate artifacts and elements. The natural worn wood, Read the full article…
On October 4th, Gov. Jerry Brown signed two new laws that will dramatically impact restaurant operators. The first law makes California the first state to prohibit full-service restaurants from automatically giving out single-use plastic straws. On the same day, he also signed a bill that requires milk or water to be the default drink sold Read the full article…
