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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. Taxes you collect from others on behalf of government agencies, such as the employee portion of employment taxes and sales taxes from your customers, are considered trust fund taxes.

Audits 472
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Reporting Best Practices in the Restaurant Industry

Modern Restaurant Management

For example, basic point of sale (POS) systems or integrated restaurant management systems are useful digital tools that enable data reporting. ERP systems streamline and automate inventory management, provide real-time low-stock notifications, allow users to download critical data, and improve overall visibility into the business.

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How to apply for the Restaurant Revitalization Fund grants

7 Shifts

Get your documents ready (more below). Gross Receipts Documentation: Any of the following documents demonstrating gross receipts and, if applicable, eligible expenses. Gross Receipts Documentation: Any of the following documents demonstrating gross receipts and, if applicable, eligible expenses. What do I need?

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How to Write a Restaurant Business Plan [with Sample]

7 Shifts

You'll have a document to reference during the planning or opening of your restaurant. A restaurant business plan is a document that outlines the various aspects of your restaurant business. You can't start a restaurant without a plan. But it doesn't have to be overwhelming. There are a few key sections that should be included.

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Five Digitally Disrupted Industries to Study as Restaurants Make the Shift

Modern Restaurant Management

The choices restaurants make today on how to invest in marketing and leverage various food sales channels will have profound impacts for years to come. An emerging metric of success in the restaurant analyst community will be surrounding “percent direct digital” sales.

Airlines 495
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How to Conduct a Successful Restaurant Audit

Modern Restaurant Management

Inventory Management If you don’t have a proper inventory management system in place, you could be wasting a lot of time and money. To illustrate that point, consider this scenario. At this point, you can pay a hefty rush fee, or lose potential sales by removing the special from the menu.

Audits 283
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Tech Innovations that Simplify Restaurant Relocation

The Rail

Cloud-Based Inventory Management Inventory is one of a restaurant's most crucial assets , and ensuring a smooth transfer from one location to another can be daunting. Cloud-based inventory management systems help streamline this process by allowing restaurant owners to track and update their inventory in real time.