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.

KALLAS GETS MICHIGAN RESTAURANT ASSOCIATION AWARD

Aug 1, 2023 | Article | Tagged:

We Are the MRLA Feature: Kallas Restaurant Accounting Your favorite accounting firm recently received an award from the Michigan Restaurant Association for 41 years as a member.  MRA President, Justin Winslow is seen in this picture handing the plaque to George Kallas...

IRS IS STILL FAR BEHIND IN PROCESSING TAX RETURNS

Aug 1, 2023 | Article | Tagged:

WHAT IS GOING ON OVER THERE? We have been experiencing long delays in responses from IRS regarding amended returns, correspondence, ERTC refunds and paper filed returns. This could effect you if you have an IRS problem that needs to be resolved or if you are waiting...

FREE MONEY STILL AVAILABLE

Aug 1, 2023 | Article | Tagged:

ERTC BENEFITS STILL OPEN  If you haven’t applied for your ERTC (Employee Retention Tax Credit) refunds or you know someone who still hasn’t applied, give us a call at Kallas.  The second, third and fourth quarter of 2020 is still open for refunds and the first, second...

10 ESSENTIAL BACK OF THE HOUSE COST CONTROLS

May 1, 2023 | Article | Tagged:

Thanks to Restaurantowner.com for these suggestions.  Go to restaurantowner.com for more excellent information on management tips for independent restaurants. Separate duties of checking in deliveries from counting inventory from paying bills. If you have one person...

HERE IS THE GOOD NEWS

May 1, 2023 | Article | Tagged:

Earlier this month, the National Restaurant Association released its 2023 State of the Restaurant Industry Report. The news is positive. Sales are forecast to reach $997 Billion, up from $937 Billion in 2022. The foodservice industry is forecast to add 500,000 jobs in...

WATCH OUT FOR THE IRS

May 1, 2023 | Article | Tagged:

Many of you may be aware that the Biden administration passed the Inflation Reduction Act late in 2022. Let us put aside the misleading title of the bill since throwing money at the IRS will have no effect on Inflation.  But that is another conversation. The Act...

RAISE PRICES OR ADD A FEE?

May 1, 2023 | Article | Tagged:

Diners around the country are noticing a sneaky trend when they go out to eat these days.  Although prices on the menu have stayed the same, the overall cost at the end of the meal has suddenly spiked. In San Francisco, John Savage took a closer look at his restaurant...

WE FEEL FOR RESTAURANT OWNERS IN CALIFORNIA

May 1, 2023 | Article | Tagged:

Landmark Law Creates a 10-member Fast Food Council California Gov. Gavin Newsom recently signed a nation-leading measure giving more than a half-million fast food workers more power in how to run the restaurants they work in. The landmark law creates a 10-member Fast...

ACA PENALTIES ARE SEVERE!

May 1, 2023 | Article | Tagged:

PLEASE PAY ATTENTION TO ACA   The ACA (Affordable Care Act) also known as Obamacare has been in effect since 2015. It requires individual businesses and commonly owned businesses with over 50 employees to file forms for each employee reporting the status of...

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