Newsletter - Page 9 of 24 - Kallas Restaurant Accounting

RESTAURANTOWNER.COM – A GREAT SOURCE FOR KNOWLEDGE

Aug 1, 2022 | Article | Tagged: General Interest

Restaurant Startup & Growth magazine Kallas Company has built its 75 years of success on the success of the independent restaurant industry and its owners. So we are encouraged when anyone with something to contribute supports our industry. RestaurantOwner.com...

IT DOESN’T PAY TO FIGHT YOUR INSURANCE COMPENSATION CARRIER

Aug 1, 2022 | Article | Tagged: Operations

Workers Comp insurance is required by Michigan law for any businesses with more than 2 employees. Your workers compensation insurance is based on the amount of your payroll and the job descriptions of the employees Each year, auditors who represent the insurance...

FOREIGN BANK ACCOUNT HOLDERS – LARGEST EVER TAX CASE AGAINST ONE INDIVIDUAL

Aug 1, 2022 | Article | Tagged: Tax Tips

The IRS Criminal Investigation Division announced what is being called the largest tax charge ever against an individual in the United States. Robert T. Brockman, a 79 year old resident of Texas and the chairman and CEO of The Reynolds Company, has been accused of...

MICHIGAN COURT OF CLAIMS INVALIDATES THE MICHIGAN PAID MEDICAL LEAVE ACT

Aug 1, 2022 | Article | Tagged: General Interest, Warnings

The decision on July 19 reinstitutes both the “Improved Workforce Opportunity Wage Act” and the “Earned Sick Time Act:”. The Improved Workforce Act and the Earned Sick Time Act do the following: Increase the minimum wage to $12 per hour. The tipped minimum wage would...

CURRENTLY APPROACHING $50 MILLION IN REFUNDS FOR KALLAS CLIENTS

Aug 1, 2022 | Article | Tagged: ERTC

As of July 31, 2022, Kallas Restaurant Accounting has obtained over $48 million in payroll tax refunds for our clients under the ERC (Employee Retention Credit) tax law rules. So far, the refunds are averaging approximately $ 84,000 per restaurant per year. The...

OVER $47 MILLION IN REFUNDS FOR KALLAS CLIENTS

May 1, 2022 | Article | Tagged: ERTC

As of April 30, 2022, Kallas Restaurant Accounting has obtained over $47 million in payroll tax refunds for our clients under the ERC (Employee Retention Credit) rules. So far, the average refund is $ 82,650 per restaurant. That is for both 2020 and 2021. This is a...

NEW LABOR BOARD 80/20 RULE IS IN EFFECT FOR RESTAURANTS

May 1, 2022 | Article | Tagged: Employment Law

THE BASICS: As of December 28, 2021, the U.S. Department of Labor’s Dual Jobs final rule is now in effect. This rule which was first proposed during the Obama presidency and revoked during the Trump administration is back under the Biden administration. Under the...

MICHIGAN COMPARED WITH OTHER STATES

May 1, 2022 | Article | Tagged: General Interest

You always hear complaints about how the top 1% of taxpayers does not pay it’s fair share of taxes. Thankfully, anyone interested can see the actual numbers. GOBankingRates .com did us the favor of compiling the average taxes paid and the average tax rates on the top...

SNAIL MAIL IS GETTING WORSE

May 1, 2022 | Article | Tagged: New Technology

Increase of Digital Communications Helps You Keep In Touch With Your Kallas Team – FAST U.S. Mail service is getting worse as time goes on. We have experienced delays of 1 week for local mail to even up to 2 weeks before it is delivered. This can be a disaster...

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