Restaurant Industry News

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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.

REVIEW YOUR TAX AND MANAGEMENT EFFICIENCIES

Good restaurant operators, like all good businesspeople stay busy all year round.  There is always something to do to make you more efficient, increase business and secure you and your family’s income and future.

In addition to the normal management of day to day activities – the promotions, cleaning, replacing and upgrading, employee management and food and beverage cost control, many successful operators take time to sit down and talk to their accountants to discuss any tax and management moves that may save or make them money.

This is especially true in today’s high tax environment.  Last May, I wrote about the heavy new personal taxes imposed by Obamacare.  Add this to the Obamacare health insurance employer mandate, the more sophisticated government computer matching programs, and the increased labor board regulations and it might be time to assess if there is any programs or tax loopholes you may be missing.

From May to November, Kallas Restaurant Accounting sets up tax planning meetings with its restaurant owners where we discuss your personal goals and how your restaurant business may meet these goals.

We know your financial situation and your resources better than anyone and we have the knowledge to be able to help you save money and better understand the potential of your restaurant business.

 

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Everything the Bar and Restaurant Owner needs to know!

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