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.

Tips to Lower Your Sales Tax

Nov 1, 2017 | Article | Tagged: ,

Kallas bookkeepers and tax preparers are trained to look for every dollar we can to reduce your taxes. One way to reduce sales tax is to deduct tax-exempt sales, discounts, and giveaways. Tax-exempt sales are allowed when a charitable organization or a governmental...

10 Portion Control Tips To Help Save Money

Aug 1, 2017 | Article | Tagged:

The very best restaurants adhere to strict portion controls.  Portion controls enhance consistency and reduce losses from waste. 1) Ensure your kitchen staff weighs all portions or use standard size ladles so as to meet your recipe specifications on every meal. 2)...

Revised I-9 Forms Now Available

Aug 1, 2017 | Article | Tagged:

Article published 07/17/17 at www.USCIS.gov USCIS has released a revised version of Form I-9, Employment Eligibility Verification, on July 17. Employers will be able to use this revised version or continue using Form I-9 with a revision date of 11/14/16 N through...

Beware “Back-Up Withholding” Trap

May 1, 2017 | Article | Tagged: ,

Have you ever received a form called an W-9?  W-9’s are sent to you usually by someone you do business with like a vendor, bank, or merchant credit card processing company asking for your federal identification number and other information such as your address and...

What Is an LLC?

May 1, 2017 | Article | Tagged:

In the last 5 years or so, there has been a movement away from structuring small businesses as S corporations and more towards forming LLC’s.  S corporations still have unique benefits and should be considered when you start up a new business but LLC’s offer their own...

Tax Advantaged Savings for Children and Grandchildren

May 1, 2017 | Article | Tagged:

If you are a parent or grandparent who is thinking ahead and want to save money for your minor children and grandchildren there are a few ways to save that come with some tax benefits  The easiest way to save money for a child or grandchild is to set up a simple bank...

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