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.

2022 TAX SEASON IS HERE

Feb 1, 2023 | Article | Tagged:

The 2022 tax season is upon us.  This year we have additional preparers to help you and the pressure from the PPP loans, PPP forgiveness, grants, unemployment, and major changes to the IRS code has lessened.  We still, of course, anticipate being very busy.  Most...

HOW TO HANDLE THE NEW WAGE INCREASE

Dec 1, 2022 | Article | Tagged:

As of today’s date, and assuming the Michigan Supreme Court does not change it, a new law called the Improved Workforce Opportunity Act (IWOWA) and the Earned Sick Time Act (ESTA) will go into effect February 20, 2023.  It is certain these two new laws will cause...

2022 Holiday Schedule

Nov 4, 2022 | Article | Tagged:

Our office will be closed on: Thursday,  November 24 2022 for Thanksgiving. Friday,  November 25 2022 for Thanksgiving. Monday, December 26 for Christmas. Monday, January 2 for New Years. While the phones will be off, some employees may be in the office to process...

BE AWARE OF A NEW LABOR LAW THAT WILL AFFECT YOU

Nov 1, 2022 | Article | Tagged:

There is a new law that, as it stands now, will go into effect February 19, 2023.  This new law could have dire consequences to the restaurant industry. The “Improved Workforce Act” and the “Earned Sick Time Act” will: Increase the minimum wage to $12 per hour. The...

ACA RULES and NON-KALLAS PAYROLL SERVICE

Aug 1, 2022 | Article | Tagged:

The bad news is the ACA (Obamacare) rules are still in effect. The ACA requirements for restaurants are complex and time-consuming. Yearly testing is required and if a restaurant or group of commonly owned restaurants meet the IRS defined criteria of 50 employees,...

THE COMPLICATIONS OF 3RD PARTY DELIVERY SERVICES

Aug 1, 2022 | Article | Tagged:

With convenience comes challenges. 3rd party apps like Grubhub, DoorDash and Uber Eats exploded during Covid.  3rd party apps gave restaurants a big shot in the arm with access to delivery and new ways to find customers.  Sometimes their services were the dominant...

CONSIDER TIME SAVING APPS FOR PAYROLL

Aug 1, 2022 | Article | Tagged:

Processing your company’s payroll and paying employees is a necessary part of running a successful restaurant. Processing your company’s payroll and paying employees is a necessary part of running a successful restaurant. The burden has been made easier and more...

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