How Your Restaurant’s Website Can Drive More Revenue
It’s no secret that the global pandemic has created a fundamental shift within the restaurant industry. Having an online presence in the last 5+ years has been important. Now, commanding a digital presence is not just important; it’s critical for survival. The future of the industry in a COVID-safe world heavily relies upon technology. Additionally, […]
2021 Payroll Updates That May Affect Your Restaurant
Podcast Video Payroll for Restaurants is no longer just about cutting checks for hours worked. It’s evolved into understanding and maintaining payroll compliancy with both Federal & State mandates. Law changes and enactments regarding PPP, Loan Forgiveness, Safe and Sick time, Overtime, Paid Time Off, etc. have created a world of litigation and increased labor […]
2021 Outlook On Restaurant Purchasing & Disposables
Podcast Video The trickle-down effect that COVID-19 has had on restaurants has been astronomical. From to-go programs becoming the new front line of restaurants causing disposables to go through roof; to sustainability desires; inventory needs, and more; the world of paper and packaging is at the top of every operator’s radar. And if it’s not, […]
Colorado Emergency Declaration Requires an Additional 80-hours of Paid COVID Leave Under the Healthy Families and Workplace Act in 2021
WHAT IS THE LAW? Under the Healthy Families and Workplace Act (HFWA), which became law July 14, 2020, an employer is to provide 80-hours of supplemental paid leave as of the date a public health emergency is declared. Executive Order D 2020 268 was signed December 3, 2020 by Governor Jared Pollis, which extended the […]
Retroactive Employee Retention Tax Credit
UPDATES TO THE RETROACTIVE EMPLOYEE RETENTION TAX CREDIT UPDATE (1/27/21): The IRS has released new guidance regarding claiming the retroactive ERTC. Unfortunately, the new guidance requires more granular data. On January 22, 2020 the IRS published guidance that indicated employers claiming the ERTC on Q4 941 for Q1, Q2, Q3, and Q4 can only do so […]
Top 3 Reasons Outsourcing Accounting & Payroll Will Help A QSR Brand Find Success
Quick-service restaurants (QSR) have complex accounting and payroll needs. Traditionally, expensive salaried employees have fulfilled these needs, but in the last 5+ years, technological advancements have opened the door to more cost-effective alternatives that increase operational efficiencies! Today, the QSR industry can benefit from software-based outsourced accounting teams, which offer all in-house accounting expertise at […]
How Restaurants Can Adapt To The Needs Of To-Go & Delivery
The impact of the pandemic on the restaurant industry has been severe. Unfortunately, many states have experienced a roller coaster with constantly changing restrictions and shutdowns, and restaurants have been forced to change the way they’ve always done business. Many sought survival through curbside and delivery orders instead of dine-in services. Old Thousand, a neighborhood […]
How Technology Can Actually Decrease Costs And Increase QSR Profits
Health and safety guidelines vastly changed for restaurants across the nation in 2020. On top of that, the inevitable shift of consumer trends forced many brands to adjust their business models and determine where they could decrease costs while increasing efficiencies. Heavy technology investments that would back better business decisions for the new business environment […]
How Period End Reviews Can Set Your Restaurant Up For Financial Success
A consistent Period End Review process is an essential component to a restaurant’s financial success. Period End Reviews allow operators to review metrics and identify areas of opportunity with audits and benchmarks. Operators who have a true understanding of their fiscal health enable themselves the ability to make proactive business decisions, improve their restaurant’s operational […]