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.

SAVE TIME AND MONEY WITH PAYROLL ADMINISTRATION

Feb 1, 2021 | Article | Tagged:

PAPERLESS PAYROLL SAVES $$$$ & NOW IS THE PERFECT TIME To succeed in the restaurant industry, operators need to spend their time in the most efficient way possible. It does little good to spend time on administrative tasks when your most profitable time can be...

RESTAURANT BEST PRACTICES

Feb 1, 2021 | Article | Tagged:

CASH HANDLING Make sure there is only one manager in the safe during each shift. Incoming and departing managers should both verify the count and report any discrepancies. Cashiers should always count their cash drawer before accepting it and sign off. Only the...

New 2021 Michigan Minimum Wage**

Nov 1, 2020 | Article | Tagged:

** Please note:  Per Michigan Law, if the State Unemployment rate for 2020 is 8.5% or higher, the minimum wage increase may be delayed or cancelled. As of November 1, 2020 the State has not determined the 2020 unemployment rate.  Stay tuned for more information on...

ACA Penalties and Requirements

Nov 1, 2020 | Article | Tagged:

YOU DIDN’T OFFER HEALTH INSURANCE?  HERE IS YOUR $100,000 PENALTY The IRS has not forgotten about Obamacare (ACA).  The IRS is sending letters to restaurants and proposing penalties in the tens of thousands of dollars unless you can prove that you complied with the...

Latest COVID-19 Related News

Nov 1, 2020 | Article | Tagged:

Michigan state government has established one of the most restrictive COVID-rules and regulations for businesses in the country – especially for the restaurant industry. On Monday, November 2, new rules went into effect requiring food businesses to take down...

Don’t Forget to Apply for PPP Forgiveness

Nov 1, 2020 | Article | Tagged:

You must request and be granted forgiveness for any PPP loan you obtained otherwise you will owe the money back. It is not an easy process.  Instruction issued at the beginning of the PPP loan process have been changed and the forms required to be submitted have...

Loan Money Still Available

Nov 1, 2020 | Article | Tagged:

Independence Business Consulting (IBC) was the firm Kallas used to manage and apply for the PPP and EIDL loans for our clients. The feedback from our clients was very good.  According to our clients, IBC quickly responded to questions and got the work done in an...

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