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.

HERE IS THE GOOD NEWS

May 1, 2023 | Article | Tagged:

Earlier this month, the National Restaurant Association released its 2023 State of the Restaurant Industry Report. The news is positive. Sales are forecast to reach $997 Billion, up from $937 Billion in 2022. The foodservice industry is forecast to add 500,000 jobs in...

WATCH OUT FOR THE IRS

May 1, 2023 | Article | Tagged:

Many of you may be aware that the Biden administration passed the Inflation Reduction Act late in 2022. Let us put aside the misleading title of the bill since throwing money at the IRS will have no effect on Inflation.  But that is another conversation. The Act...

RAISE PRICES OR ADD A FEE?

May 1, 2023 | Article | Tagged:

Diners around the country are noticing a sneaky trend when they go out to eat these days.  Although prices on the menu have stayed the same, the overall cost at the end of the meal has suddenly spiked. In San Francisco, John Savage took a closer look at his restaurant...

WE FEEL FOR RESTAURANT OWNERS IN CALIFORNIA

May 1, 2023 | Article | Tagged:

Landmark Law Creates a 10-member Fast Food Council California Gov. Gavin Newsom recently signed a nation-leading measure giving more than a half-million fast food workers more power in how to run the restaurants they work in. The landmark law creates a 10-member Fast...

ACA PENALTIES ARE SEVERE!

May 1, 2023 | Article | Tagged:

PLEASE PAY ATTENTION TO ACA   The ACA (Affordable Care Act) also known as Obamacare has been in effect since 2015. It requires individual businesses and commonly owned businesses with over 50 employees to file forms for each employee reporting the status of...

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...

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