Audits Document Insurance 
Modern Restaurant Management
OCTOBER 11, 2024
Benefits and Protections Full-time employees are often entitled to benefits such as health insurance, paid leave and retirement plans, whereas part-time and temporary employees may not be. Relationship of the parties − are there written contracts or employee-type benefits, such as a pension plan, insurance or vacation pay?
Modern Restaurant Management
DECEMBER 16, 2024
Simplify Health Insurance Open Enrollment Health insurance is one of the most valuable benefits you offer, so make open enrollment a central, streamlined year-end activity. Bonus Tip : Create a simple FAQ document to address common employee questions about coverage options. ” to spark ideas for ongoing improvement.
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Modern Restaurant Management
JULY 6, 2020
Often the upsell from franchisors and service providers includes seemingly convenient, useful, and “free” extras like employee handbooks, wage and hour policies, and employment forms, but these one-size-fits-all documents are often tailored to federal law and don’t account for changes in California law.
7 Shifts
DECEMBER 4, 2020
Updating your payroll records in case of an audit. Health insurance plan opt-in forms. Federal Insurance Contributions Act (FICA) taxes : Employees and employers split paying into Social Security and Medicare. Deductions for benefits like health insurance, 401(k), dental, vision, etc. Forms for any other benefits plans.
7 Shifts
MAY 15, 2023
Updating your payroll records in case of an audit. Employee income is better documented, allowing them to qualify more easily for loans. In conjunction with charge tips on checks, weekly payroll provides audit transparency regarding direct and indirectly tipped employees. Health insurance plan opt-in forms.
Modern Restaurant Management
JUNE 24, 2024
For restaurants, which often hire freelancers such as chefs, event planners and marketing professionals, this means meticulously documenting freelance agreements to avoid disputes and costly legal repercussions. Ensure all freelance engagements are documented, detailing the scope of work, payment terms and deadlines.
7 Shifts
AUGUST 18, 2024
Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums.
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