How to Record Tips in Accounting
When restaurant staff receives tips, both employee and employer incur legal obligations to the IRS to correctly record the tip amounts, comply with reporting requirements, and pay income and payroll taxes. For the restaurant operator, it’s critical to get these details correct from the start to avoid unnecessary penalties. This article will cover how to […]
How a Multi-Concept Operation Created a Profitable Menu with RASI
RASI has helped us open our eyes to see where we needed to re-evaluate our menu. Whether it was repricing, rethinking, re-plating, or getting rid of menu items altogether, RASI’s Menu Engineering guides us to make the correct decisions for our businesses in real-time. RASI’s Menu Engineering Graphs and Reports show my team how to […]