Restaurant Industry News

Check out the latest articles, newsletters, and more! 

Articles from The Insider’s Report archives go back over several years. Some articles may include date-sensitive information or other information that has changed over time.
Please consult with your advisor or Kallas Company for updated information or if you have any questions.

New 2021 Michigan Minimum Wage**

** Please note:  Per Michigan Law, if the State Unemployment rate for 2020 is 8.5% or higher, the minimum wage increase may be delayed or cancelled. As of November 1, 2020 the State has not determined the 2020 unemployment rate.  Stay tuned for more information on...

ACA Penalties and Requirements

YOU DIDN’T OFFER HEALTH INSURANCE?  HERE IS YOUR $100,000 PENALTY The IRS has not forgotten about Obamacare (ACA).  The IRS is sending letters to restaurants and proposing penalties in the tens of thousands of dollars unless you can prove that you complied with the...

Latest COVID-19 Related News

Michigan state government has established one of the most restrictive COVID-rules and regulations for businesses in the country – especially for the restaurant industry. On Monday, November 2, new rules went into effect requiring food businesses to take down...

Don’t Forget to Apply for PPP Forgiveness

You must request and be granted forgiveness for any PPP loan you obtained otherwise you will owe the money back. It is not an easy process.  Instruction issued at the beginning of the PPP loan process have been changed and the forms required to be submitted have...

Loan Money Still Available

Independence Business Consulting (IBC) was the firm Kallas used to manage and apply for the PPP and EIDL loans for our clients. The feedback from our clients was very good.  According to our clients, IBC quickly responded to questions and got the work done in an...

COVID-19 and How Kallas Can Help You

Since the beginning of the COVID-19 disaster, Kallas has been sending out E-Blasts informing our clients of programs and strategies for coping with the shut-down.
From mid-April until June, we sent out 22 E-Blasts letting our clients know about the various grant and loan programs, the rules at the time, changes in the rules and strategies for spending the money.

Observations From Your Accountant COVID-19 Edition

The world has turned topsy-turvy since the second half of March 2020.  The restaurant industry shut down and so did Kallas. Kallas is back up and running at full capacity even though the restaurant industry is still either closed or operating at a limited capacity....

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