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COVID-19-Related Government Budget Deficits May Spur Aggressive Payroll and Sales Tax Audits 

Modern Restaurant Management

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.

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Don’t Get Burned By The IRS – Tax Tips for Restaurant Owners

Modern Restaurant Management

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.

Audits 188
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Franchise Compliance Guide: Laws + Agreements

7 Shifts

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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Inflation Is Impacting The Restaurant Industry. Here’s How To Fight It.

7 Shifts

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.

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Ultimate Restaurant Payroll Guide 2023

7 Shifts

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.

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7 Common Restaurant Payroll Mistakes

7 Shifts

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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Understanding the co-operative model in Kenya’s coffee sector

Perfect Daily Grind

Many of these co-ops are well-managed and add value to coffee in a number of ways, including through quality control, packaging, and even domestic sales in some cases. Mr. Gathura is a retired wet mill manager from Kenya. He explains why well-managed co-operatives are essential to the success of the country’s coffee industry.