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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.
The 2019 tax season is upon us. And as usual, it means finding bills, accumulating paperwork, thinking about everything you did last year and trying to figure out ways to keep that darn tax bill to a minimum.
Our goal is to make sure you do not pay Uncle Sam any more than necessary.
The Affordable Care Act (ACA) is still with us and a big administrative pain for large restaurants and restaurant chains.
Grubhub and Uber Eats both are changing their procedures regarding sales tax reporting and paying. Previously, Grubhub and Uber Eats made the restaurant responsible for paying sales tax on its sales.
Interchange Fess AntiTrust Litigation
There has been a class-action suit filed against Visa, Mastercard and Defendant Banks for over-charging on their fees. A new settlement has been reached and all eligible merchants including restaurants and bars could be eligible for a share of the settlement. The settlement is between $5.5-6.2 billion.
When a cardholder makes a purchase of food or beverage at your restaurant or bar using a credit or debit card, there is an interchange fee charged to the merchant by the bank. The fee is usually 1-2% of the purchase price including tips.
If you took Mastercard or Visa during the years January 1, 2004 and January 25, 2019, you would be a potential claimant.
This is an important question. How you are organized for tax purposes can make a big difference in how much you pay.
Introducing Restaurant365
ACA Still Around / ACA Timeline
Warning – Misclassifying Employees Can Be Costly
Looking At New Computer Apps For Restaurants?
Year-End Is Fast Approaching
2019 Holiday Schedule
Generous Tax Credit May Be Available
Everything the Bar and Restaurant Owner needs to know!
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