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.

Audits 180

Audits Government Point of Sale Cash Management 180

Modern Restaurant Management

JULY 28, 2020

Consider PPP loan insurance to cover damages, legal fees and fines if the SBA determines that your business was ineligible for the loan. What most recipients don’t realize, though, is that the SBA has a six-year window in which to audit a PPP loan recipient’s initial application for the loan. triple) damages.

Insurance 161

Insurance Certification Audits Small Business 161

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.

Restaurant Law 195

Restaurant Law Insurance Audits Cash Management 195

7 Shifts

MAY 15, 2023

Updating your payroll records in case of an audit. In conjunction with charge tips on checks, weekly payroll provides audit transparency regarding direct and indirectly tipped employees. Health insurance plan opt-in forms. Deductions for benefits like health insurance, 401(k), dental, vision, etc. Withhold 6.2%

2023 195

2023 Tip Distribution Audits Restaurant Law 195

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.

2021 370

2021 Tip Distribution Restaurant Law Insurance 370

Restaurant365

NOVEMBER 30, 2021

No matter what laws your restaurant group falls under, it is beneficial to prioritize recordkeeping and audit trails to demonstrate compliance with labor and pay regulations. The ACA requires employers to offer full-time employees compliant health insurance coverage and document this offer for the IRS. Conclusion.

Restaurant Law 146

Restaurant Law Audits Point of Sale Insurance 146

Modern Restaurant Management

JULY 6, 2020

If you’re fortunate enough not to have been on the receiving end of a civil or administrative complaint from an employee or a government employment agency, you may not realize just how deep the downside risk can be in employment disputes or just how high the stakes are for non-compliance.

Restaurant Law 193

Restaurant Law Document Insurance Hiring 193