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.

10 TIPS FOR PORTION CONTROL

The very best restaurants adhere to strict portion controls.  Portion controls enhance consistency and reduce losses from waste. Here are some simple tips to control portions: Establish recipes.  Restaurant recipes have two purposes:  to ensure consistency and control...

PAYMENTS TO IRS GETTING LOST

We are experiencing increasing “lost” payments to IRS mainly pertaining to payments for Income Taxes. Payroll and business tax payments are being made without a hitch but Estimated Tax Payments and payments due on your personal tax returns seem to be disappearing into...

KALLAS GETS MICHIGAN RESTAURANT ASSOCIATION AWARD

We Are the MRLA Feature: Kallas Restaurant Accounting Your favorite accounting firm recently received an award from the Michigan Restaurant Association for 41 years as a member.  MRA President, Justin Winslow is seen in this picture handing the plaque to George Kallas...

FREE MONEY STILL AVAILABLE

ERTC BENEFITS STILL OPEN  If you haven’t applied for your ERTC (Employee Retention Tax Credit) refunds or you know someone who still hasn’t applied, give us a call at Kallas.  The second, third and fourth quarter of 2020 is still open for refunds and the first, second...

WHAT MAKES A GOOD ACCOUNTING FIRM?

What factors make a good accounting firm for you and your business?  This is a question I re-visit every year to make sure we are providing value to you – our dear clients. A large part of what I personally do is advise restaurant owners – both clients and...

RAISE PRICES OR ADD A FEE?

Diners around the country are noticing a sneaky trend when they go out to eat these days.  Although prices on the menu have stayed the same, the overall cost at the end of the meal has suddenly spiked. In San Francisco, John Savage took a closer look at his restaurant...

WE FEEL FOR RESTAURANT OWNERS IN CALIFORNIA

Landmark Law Creates a 10-member Fast Food Council California Gov. Gavin Newsom recently signed a nation-leading measure giving more than a half-million fast food workers more power in how to run the restaurants they work in. The landmark law creates a 10-member Fast...

38 YEARS OF INFORMING RESTAURANT OWNERS

This May issue of Insiders Report marks the 38th year I have been publishing this newsletter. That is 149 quarters without missing one. The first issue in May 1986 featured articles on the new federal tax law.  The top individual tax bracket then was 27%.  Today, it...

2022 Holiday Schedule

Our office will be closed on: Thursday,  November 24 2022 for Thanksgiving. Friday,  November 25 2022 for Thanksgiving. Monday, December 26 for Christmas. Monday, January 2 for New Years. While the phones will be off, some employees may be in the office to process...

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