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 COMPARED WITH OTHER STATES

May 1, 2022 | Article | Tagged:

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...

WHAT ELSE IS NEW – IRS BACKLOGGED

May 1, 2022 | Article | Tagged: ,

The last 24 months has been an extreme challenge for our restaurant clients. It has also been a challenge for the IRS. With a slurry of new laws to stimulate the economy and fight Covid, Congress has put the burden of administrating it all largely on the IRS. The IRS...

IT CONTINUES TO BE AN EXTRAORDINARY YEAR

May 1, 2021 | Article | Tagged:

Based on our observations at the tax and accounting level, we have to say the restaurant and bar owners we know are creative, tough and adaptable. Who could have anticipated the constantly changing environment you have had to survive since March 2020. Having to adapt...

OTHER SOURCES OF FUNDS

May 1, 2021 | Article | Tagged:

Banks are now promoting new SBA Express, 7A, and 504 loan programs for small businesses.  These loans can be used as Lines-of-Credit, or for business purchase, expansion, real estate, inventory, debt refinances and debt refinance.  In some cases, 100 percent financing...

75 YEARS IN BUSINESS

May 1, 2021 | Article | Tagged:

MAKING ACCOUNTING FUN Kallas Restaurant Accounting celebrates its 75th year in business in 2021. Wow!  That is a long time.  And still going strong to serve your needs. Nicholas Kallas founded the company in 1946.  George took over in 1984 and Nicolas Kallas continues...

Read Our Current Restaurant Owner's Newsletter!

Everything the Bar and Restaurant Owner needs to know!

Start Reading

Like What You See?

Stay up-to-date and signup to receive our free newsletter.

Signup Now!