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Guest Blog: PPP Loan Forgiveness for Restaurants

Restaurant365

We have outlined answers to some frequently asked questions as it relates to the guidance currently in place: When does the 8 week forgiveness period begin? Hourly wages paid to tipped employees during the elected covered period are eligible to be included in wages for the purpose of payroll costs in loan forgiveness.

Blog 142
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Health Insurance Requirements for Small and Medium Businesses

Hot Schedules

Health Insurance Requirements for Small & Medium Businesses. How offering affordable health benefits to your employees can work wonders for recruiting and retention. H ealth insurance is one of the most important benefits an employer can offer, regardless of size. Are Small Businesses Required to Offer Health Insurance?

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Flexible Covered Period and Expanded Allowable Expenses Makes Newest Round of PPP Funds More Advantageous for Restaurant Businesses

Restaurant365

Additionally, businesses applying for a PPP loan can also apply for Employee Retention Tax Credits (ERTC), if the credits are not applicable to wages paid with forgiven PPP loan funds. The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance.

Insurance 148
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Essentials of Payroll Accounting for Restaurant Groups, Part 1

Restaurant365

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups. Tracking labor and payroll data for restaurant employees.

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Sample Blog Layout

Restaurant365

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. In addition, in the age of social media, your labor practices and HR policies are under closer scrutiny than ever by both your employees and the public. Design an employee onboarding process.

Blog 78
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Restaurant Cash Flow Management 101: Building Good Financial Habits

ChowNow

There are multiple sources for inflow and outflow, including: Cash Inflow: Sales Revenue Catering Services Business Loans Cash Outflow: Employee Payroll Inventory Costs Rent & Utilities Your total cash flow is the inflow minus the outflow: Total Cash Flow = Cash Inflow – Cash Outflow Obviously, you want to make more money than you spend.

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Where Business Meets Technology

Hot Schedules

Related Posts. Read More Health Insurance Requirements for Small and Medium Businesses Health insurance is one of the most important benefits an employer can offer, regardless of size. Where Business Meets Technology. Assen Kapitanov on His Journey as a Product Owner at Fourth.