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.

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...

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