Restaurant Industry News

Check out the latest articles, newsletters, and more! 

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.

STATUS OF ERTC REFUNDS

Feb 1, 2022 | Article | Tagged:

BAD NEWS FOR PEOPLE WAITING FOR REFUNDS The IRS is currently backlogged with millions of unprocessed payroll tax returns due to COVID-19 restrictions and the volume of Employee Retention Tax Credit (ERTC) refund requests. As of January 12, 2022, the IRS posted that...

WE DON’T JUST PREPARE YOUR TAX RETURNS

Feb 1, 2022 | Article | Tagged: ,

Throughout the year we pick up new clients – many from other accountants.  We always review the prior work to see if there is anything that was missed or can be done to better your situation. One of the recurring things we notice is that many accountants and tax...

2021 PERSONAL INCOME TAXES

Feb 1, 2022 | Article | Tagged:

Our job at Kallas Company is to help you maximize tax savings and help you create future wealth. For the greatest savings over time you need to plan ahead. Call us before you sell stocks, sell your business, buy a business, or make any substantive changes to your...

Get Ready for 2021 W-2s

Nov 1, 2021 | Article | Tagged:

We know December may be a busy month for you but January and December are also the biggest months for your accounting and tax deadlines so it is best to try to be organized and prepared. 1. Ask your employees to review the information on their check stubs before year...

PROGRESS ON GOVERNMENT EMERGENCY MONEY

Nov 1, 2021 | Article

ERTC and PPP    As of the day I write this article, Kallas has filed for close to $18 million in in the first round of ERTC refunds for our clients based on 2020 payroll. That is averaging about $70,000 per location. The IRS estimates that refunds will be issued...

PRESIDENT BIDEN ISSUES VACCINE MANDATE

Nov 1, 2021 | Article

The federal government recently issued guidance to agencies on implementing the White House Covid-19 vaccination mandate for federal workers and contractors, but many covered employees are still confused about the details. The mandate covers federal employees and...

MINIMUM WAGE CHANGE IN 2022 FOR MICHIGAN

Nov 1, 2021 | Article | Tagged:

Edit: 12/6/2021   In the November issue of the Kallas Insider Report, we stated that minimum wage for 2022 was not scheduled to go up. At the time we wrote the article, that statement was correct. The minimum wage law in Michigan is designed so that an annual...

RESTAURANT RECRUITING CHECKLIST

Nov 1, 2021 | Article | Tagged:

Finding employees is a big problem right now for restaurants Actually, finding employees is a problem throughout the country in almost all industries.  Demand seems to be there but employees are not. Here is a list from RestaurantOwner.com on techniques for...

WE ARE IN A WORKER SHORTAGE CRISIS

Nov 1, 2021 | Article | Tagged:

The biggest issue for all my clients these days is finding workers.   This problem is nationwide and in all industries. A survey of 13,659 wage earners by the online job marketplace Joblist.com revealed that 58% of restaurant and hotel employee intend to quit...

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