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.

ERTC UPDATE – May 2023

May 1, 2023 | Article | Tagged:

The ERTC has been a great government refund program for restaurant owners.  Better and easier than the PPP.  Not quite as good as the RRF. The calculations, although rigorous, are at least straightforward with no payback and no new set of rules  and regulations to...

38 YEARS OF INFORMING RESTAURANT OWNERS

May 1, 2023 | Article | Tagged:

This May issue of Insiders Report marks the 38th year I have been publishing this newsletter. That is 149 quarters without missing one. The first issue in May 1986 featured articles on the new federal tax law.  The top individual tax bracket then was 27%.  Today, it...

GET UP TO DATE WITH YOUR HIRING PRACTICES

Feb 1, 2023 | Article | Tagged:

YOUNG EMPLOYEES TODAY DEMANDING MORE CONTROL OF THEIR PAY BUSINESSES WITH myGO APP ARE GROWING AND HIRING If you are not using the myGo app for your payroll, you are missing out on a growth opportunity, greater efficiency and a competitive advantage. The Kallas myGo...

CALL EARLY FOR YOUR TAX APPOINTMENTS

Feb 1, 2023 | Article | Tagged:

Taxes consume the biggest portion of most people’s current earnings and future retirement income. 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...

LATEST ON ERTC – February 2023

Feb 1, 2023 | Article | Tagged:

THE IRS IS EXPERIENCING CONTINUED DELAYS ERTC REFUNDS ARE TRICKLING OUT YOU CAN CHECK ON YOUR REFUND AND SPEED THINGS UP The IRS is currently backlogged with millions of unprocessed payroll tax returns.  The backlog is due to the unprecedented amount of Employee...

2022 TAX SEASON IS HERE

Feb 1, 2023 | Article | Tagged:

The 2022 tax season is upon us.  This year we have additional preparers to help you and the pressure from the PPP loans, PPP forgiveness, grants, unemployment, and major changes to the IRS code has lessened.  We still, of course, anticipate being very busy.  Most...

HOW TO HANDLE THE NEW WAGE INCREASE

Dec 1, 2022 | Article | Tagged:

As of today’s date, and assuming the Michigan Supreme Court does not change it, a new law called the Improved Workforce Opportunity Act (IWOWA) and the Earned Sick Time Act (ESTA) will go into effect February 20, 2023.  It is certain these two new laws will cause...

2022 Holiday Schedule

Nov 4, 2022 | Article | Tagged:

Our office will be closed on: Thursday,  November 24 2022 for Thanksgiving. Friday,  November 25 2022 for Thanksgiving. Monday, December 26 for Christmas. Monday, January 2 for New Years. While the phones will be off, some employees may be in the office to process...

BE AWARE OF A NEW LABOR LAW THAT WILL AFFECT YOU

Nov 1, 2022 | Article | Tagged:

There is a new law that, as it stands now, will go into effect February 19, 2023.  This new law could have dire consequences to the restaurant industry. The “Improved Workforce Act” and the “Earned Sick Time Act” will: Increase the minimum wage to $12 per hour. The...

Read Our Current Restaurant Owner's Newsletter!

Everything the Bar and Restaurant Owner needs to know!

Start Reading

Like What You See?

Stay up-to-date and signup to receive our free newsletter.

Signup Now!