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.

Are You Required To File Under the ACA Rules?

NOW IS THE TIME TO THINK ABOUT IT The Affordable Care Act requires that every business with over 50 full-time equivalent employees offer health insurance to its full-time employees and file forms with the IRS and with employees. The ACA rules a quite complex.  If you...

2024 Michigan Minimum Wage

Michigan’s Minimum Wage Set to Increase on January 1, 2024 LANSING, MI – On January 1, 2024, Michigan’s minimum wage rate will increase from $10.10 to $10.33 per hour as set by Michigan’s Improved Workforce Opportunity Wage Act of 2018 which establishes...

2023 Holiday Schedule

Our office will be closed on: Thursday,  November 23 2023 for Thanksgiving. Friday,  November 24 2023 for Thanksgiving. Monday, December 25 for Christmas. Monday, January 1 for New Years. While the phones will be off, some employees may be processing faxed and...

8 Ideas for Refreshing Your Concept

Some restaurants never change.  And for some, that is a good thing. But even tried and true restaurant concepts need refreshing over time. For most, a particular restaurant concept probably will not last forever. Some reasons a restaurant concept might lose popularity...

NEW SMALL BUSINESS REPORTING REQUIREMENTS

NEW BURDEN FOR SMALL BUSINESS CORPORATE TRANSPARENCY ACT; STARTING JANUARY 1, 2024   Starting January 1, 2024 a new mandatory ownership reporting will be required for small businesses (corporations, partnerships and LLC’s). In 2021, Congress passed the Corporate...

Top 10 Red Flags for New Restaurants

After 40 years advising new restaurant owners, I have come up with 10 of the most common red flags that increase the risks of failure. Not having a good idea of the type of customer you want to draw and the corollary; not providing an appealing experience for that...

EMPLOYEE RETENTION CREDIT (ERC) UPDATE

The Employee Retention Credit (ERC) has been a once-in-a-lifetime boon to restaurant owners. When the tax credit was first announced, Kallas Restaurant Accounting was immediately applying for credits for our restaurant clients and to date, our clients have received...

IMMIGRATION REVISES I-9 FORM

A new Form I-9 is required starting November 1, 2023. The I-9 Form is a United States Citizen and Immigration Services form that is required to be completed for every new employee you hire. The form is used to verify the identity and legal authorization to work in the...

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Everything the Bar and Restaurant Owner needs to know!

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