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.

MICHIGAN RULES FOR PAID SICK TIME

Aug 1, 2025 | Article

Business owners are still confused over how the Michigan Sick Time law affects them. Here is the basic information you need to know.  The law went into effect February 21, 2025.   All restaurants in Michigan will be subject to a mandatory “paid sick time” for...

OBBBA PRESENTS NEW TAX PLANNING OPPORTUNITIES

Aug 1, 2025 | Article

Sign up to stay in the loop! You might be able to save thousands with some smart tax planning. Restaurant ownership, due to its entrepreneurial nature, offers some unique tax planning opportunities, and the new One Big Beautiful Bill Act just opened up a few more. How...

RETIREMENT PLANS FOR RESTAURANT OWNERS

Aug 1, 2025 | Article

In my opinion, the best retirement plan for restaurant owners is their business and the real estate the business sits on. There are many tax benefits of owning a restaurant. You can sell it at an opportune time, you can pass it on to heirs and, if you own the real...

WHAT’S GOING ON WITH THE IRS?

Aug 1, 2025 | Article

Trying to get anything done these days with the IRS is very, very difficult. Losing tax records, interminable delays, identity theft, outdated computer systems, and constant changes in tax law have made the IRS a dysfunctional agency. Trying to get through by phone is...

November 2024

Nov 1, 2024 | Newsletter

To all Kallas clients.  Please review carefully this quarter’s newsletter subjects.  A lot is changing in the restaurant industry.  Restaurants will have to adjust quickly.   Kallas is on top of these changes and is well positioned to support you, answer your...

Earned Sick Time Act Begins Feb 21, 2025

Nov 1, 2024 | Article

The new Paid Sick Leave law. The following will be effective on February 21, 2025. All employers in Michigan must provide an accrual of 1 hour of paid sick leave for every 30 hours worked. Employers with less than 10 employees must provide up to 40 hours of paid sick...

2024 MICHIGAN VOTERS: 7 THINGS YOU CAN DO

Nov 1, 2024 | Article

By now you probably have heard that the democrat majority Michigan Supreme Court went partisan last July to strike down the Workforce Opportunity Wage Act (2018 PA 368) and Paid Medical Leave Act (2018 PA 369) arguing that they are unconstitutional because they...

KALLAS CAN HELP WITH BOI REPORTING 

Nov 1, 2024 | Article

Kallas has been working hard to help our clients meet the new Beneficial Ownership Information filing requirements ahead of the December 31, 2024 deadline.  Three important parts:  This is new reporting that nearly all our clients MUST do in order to avoid hefty...

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