Audits Cash Management Government 
Modern Restaurant Management
AUGUST 10, 2020
Less revenue for businesses and income for individuals means less tax dollars for federal and state governments. Although the IRS and state taxing authorities have initially slowed their pace of audit activity to protect the health and safety of their own employees during these turbulent times, this is only temporary.
7 Shifts
JUNE 29, 2022
Because these (dis)agreements were a result of a dispute between two parties rather than a government-imposed rule, they would need to be arbitrated in a potentially lengthy and costly legal battle. Proper Team and Labor Management Tools. Location Audits. Dedicated Compliance Department.
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7 Shifts
SEPTEMBER 7, 2021
We also wanted to see if the inflation concerns many are expressing are showing in restaurants as large flows of government stimulus are distributed. Do an audit on your menu, and check individual item sales. The next largest cost for most restaurants is labor–and there is cash to be saved. Streamline your menu.
Modern Restaurant Management
AUGUST 27, 2024
By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. By keeping accurate and complete records, you can reduce the length and pain of an audit.
7 Shifts
FEBRUARY 12, 2021
They could also be trying to get out of a bad situation—be it management, building, or market related. Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow. Have there been any tax audits in the past three to five years?
7 Shifts
MAY 15, 2023
Restaurant payroll is a system for calculating and managing the salaries of employees in a restaurant. Employers need to track hours, calculate wages, manage shift schedules , and maintain employee records. Updating your payroll records in case of an audit. Paying employees what they are owed on time.
7 Shifts
MAY 18, 2023
Then, out of the blue, these labor audit folks showed up, and man, did they find a heap of issues. And the audit was a pain in the neck—he had to dig out all sorts of paperwork and answer a million questions, which ate into the time he should have been spending running his place.
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