Colorado Retailer Retention of Sales Tax & Your Restaurant
What is the Colorado Retailer Retention of Sales Tax? Colorado Retailer Retention of Sales Tax, bill HB22-1406, applies to Colorado sales taxes collected in July, August, and September of 2022. This bill allows a temporary deduction from state net taxable sales for restaurants, bars, and other eating places (food trucks), or catering services in the […]
Everything You Need to Know About the Colorado Retail Delivery Fee
When Does the Colorado Retail Delivery Fee Go Into Effect? Effective July 1, 2022, the state of Colorado will impose a retail delivery fee on all deliveries by motor vehicle to a location in Colorado, even if the delivery originates in a different state. What is the Colorado Retail Delivery Fee? The retailer or marketplace […]
Why You Shouldn’t Ignore Payroll Compliance & How To Make It Painless!
Payroll is one of the most critical aspects of any business. Properly paying your team creates trust, employment longevity, and helps operators avoid costly payroll compliance issues. This post reviews the current industry landscape regarding labor and payroll compliance. Continue reading to learn why it’s crucial that operators work with integrated point solutions to ensure […]
The 2020 Tip Final Rule: Dual Jobs & 80/20 Guidance
Since 1967, the Department of Labor’s Dual Jobs regulation has stated that an employee may be employed both in a tipped and in a non-tipped occupation simultaneously. Moreover, in this “dual jobs” situation, the employee is a “tipped employee” only while employed in the tipped occupation. An employer may only take a Tip Credit against […]
DOL Final Rule – Federal Protection for Tipped Employees
The Department of Labor has modified the 2020 Tip Final Rule. View the Q&A below that dives into federal protection for tipped employees. What are the recent updates announced by the DOL regarding protections for tipped employees? The Consolidated Appropriations Act of 2018, which was enacted On March 23rd of 2018, amended the Fair Labor […]
A Quick Guide To The New WA Cares Fund
UPDATE 02/02/2022: WA Long Term Care (LCT) Delay On January 27, 2022, Governor Inslee signed two bills passed by the Legislature making key improvements to WA Cares Fund. The two bills, House Bill 1732 and 1733, will address coverage gaps and delay program implementation by 18 months. Workers will begin to contribute to the fund […]
Employee Retention Tax Credit (ERTC) Update
Update: 11/15/2021 ERTC Nixed for Q4-2021 for Most Businesses The recently passed Infrastructure Investment and Jobs Act – H.R. 3684 – ends the Employee Retention Tax Credit (ERTC) 3 months early for most businesses President Biden is expected to sign the bill into law immediately Section 80604 of the infrastructure legislation ends the employee retention […]
Use These 5 Tools to Increase Restaurant Revenue in 2022 and Beyond
Restaurant revenue, or sales, describes the total amount of money your operation generates during any given period of time. Most restaurants have multiple revenue centers, including food, beverage, merchandise, gift cards, third-party delivery, online ordering, and more. Consequently, revenue can fluctuate tremendously dependent upon various extraneous factors such as seasonality, weather, holidays, etc. Because of this, […]
ERTC Eligibility Update – Recovery Startup Businesses
The American Rescue Plan Act of 2021 has created a new category of eligibility for the Employee Retention Tax Credit (ERTC). A ‘Recovery Startup Business’ can now claim the ERTC in Quarter 3 and Quarter 4 of 2021. A ‘Recovery Startup Business’ does not need a partial suspension of business due to COVID restrictions to […]