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Mastering Worker Classification: Seven Essential Tips for Restaurant Owners

Modern Restaurant Management

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?

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Nine Critical HR and Payroll Steps to Prepare Your Restaurant for 2025

Modern Restaurant Management

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. Auditing Classifications : Double-check exempt versus nonexempt statuses for all employees to avoid costly fines and incorrect paychecks and tax withholdings.

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

Modern Restaurant Management

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. Restaurants should consider maintaining guest receipts and daily point of sale printouts detailing individual sales transactions.

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New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program

Modern Restaurant Management

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.

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For Restaurant Owners, Cybersecurity is a People Problem 

Modern Restaurant Management

Restaurants, in particular, often fit the bill for fees and penalties, forensic audits to find out what happened, remediation costs, breach notification, lawsuits, brand damage and more, according to the National Restaurant Association. When these costs begin to pile up, it can be devastating for owner/operators.

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How Restaurants Can Protect Themselves From Cyber Attacks

Modern Restaurant Management

Is the vendor’s security audited by a third-party company? For many small businesses, the cost of a successful cyber attack can be catastrophic, and for that reason, you should consider taking out cybersecurity insurance and put in a plan in place for how to respond to a hack. Does the vendor need to install hardware?

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MRM Research Roundup: Mid-Year 2020 Edition

Modern Restaurant Management

shows that consumers feel safer when hotels and restaurants raise their cleaning protocols to include hospital-grade disinfectants and third-party audits. Check clean through periodic on-demand training, auditing and verification that procedures have been followed. For those who would choose to travel, purchasing insurance is key.

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