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.

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...

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...

OVER $47 MILLION IN REFUNDS FOR KALLAS CLIENTS

May 1, 2022 | Article | Tagged:

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...

STATUS OF ERTC REFUNDS

Feb 1, 2022 | Article | Tagged:

BAD NEWS FOR PEOPLE WAITING FOR REFUNDS The IRS is currently backlogged with millions of unprocessed payroll tax returns due to COVID-19 restrictions and the volume of Employee Retention Tax Credit (ERTC) refund requests. As of January 12, 2022, the IRS posted that...

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