RECAP OF GOVERNMENT PROGRAMS FOR RESTAURANTS
SOME DEADLINES COMING UP. ACT FAST! Let’s do a recap of all the government programs available to you. Please note that there are many details not discussed below. These are the general guidelines. First PPP Eligibility: Any small business employing not more than...75 YEARS IN BUSINESS
MAKING ACCOUNTING FUN Kallas Restaurant Accounting celebrates its 75th year in business in 2021. Wow! That is a long time. And still going strong to serve your needs. Nicholas Kallas founded the company in 1946. George took over in 1984 and Nicolas Kallas continues...WHAT HAPPENS TO YOUR RESTAURANT OR BAR IF YOU PASS AWAY UNEXPECTEDLY?
Without a succession plan, under common law, your restaurant or bar would go to your wife and, if no wife, then your children. Many times, a restaurant or bar dropped in the lap of your wife or children is an unfair burden to them especially if they are ill-equipped...TAKE ADVANTAGE OF ERTC – ITS FREE MONEY
The ERTC (Employee Retention Tax Credit) is available to virtually all restaurants in Michigan. It is a powerful tax credit that equals 50 percent of your employee’s pay up to a maximum of $5,000 per employee for 2020 and $14,000 per employee in 2021. As of now, the...PPP FORGIVENESS STATUS AS OF MAY 1
Many recipients of PPP funds are anxious to get the forgiveness process started. But there are many considerations you should take into account before you submit your forgiveness application some of which point to delaying. You have 24 weeks to spend the PPP money....YOUR ERTC PACKAGE
We know it has been a tough year and many of you are busy with reopening your restaurants, hiring, and all the other things you have to do for your restaurant. Kallas is working hard to support you and get you large amounts of Free money as fast as possible but we...FOREIGN REPORTING REQUIREMENTS FOR U.S. TAXPAYERS
DO YOU HAVE A FOREIGN BANK ACCOUNT OR INCOME PRODUCING PROPERTY?
