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.

QUICKBOOKS PRICING

Aug 1, 2021 | Article | Tagged:

Quickbooks has advised us that they are increasing wholesale pricing beginning September 1.  Therefore, If you are licensed for Quickbooks through Kallas you are paying the wholesale price and will be experiencing an increase.  In most cases, it will be about $5 per...

TIMELINE FOR THE REMAINDER OF 2021

Aug 1, 2021 | Article | Tagged:

HOW WE EXPECT TO PROCEED WITH COVID PANDEMIC RELATED PROJECTS The pandemic generated many government programs and laws designed to mitigate the government enforced shut-downs. As a result, this has been a very difficult and unusual year for government compliance....

PROTECT YOURSELF! SLOW MAIL IS MAKING THINGS HARD

Aug 1, 2021 | Article | Tagged:

United States mail service over the years has been spotty.  Lately however, it has been getting really bad. We are seeing business reply delayed up to 2 weeks and government agencies have increasingly “lost” mail. Kallas is recommending to all our clients that any...

GOVERMENT AGENCIES EXTEMELY BACKED UP

Aug 1, 2021 | Article | Tagged:

If you have any dealings with the IRS, State of Michigan or the Michigan Unemployment Agency you will be experiencing long delays.   With all the changes Covid created, all government agencies are short-staffed and backed up.  Kallas is still responding in a timely...

INSURANCE RATES ON THE RISE

Aug 1, 2021 | Article | Tagged:

If your insurance rates went up dramatically you may be a victim of your “Insurance Score” which is one of the factors used by insurance companies to “rate’ your risk. You can protest an adverse Insurance score if you were a victim of an extraordinary life...

YOUR PERSONAL TAXES FOR 2020 AND 2021

May 1, 2021 | Article | Tagged:

The IRS and State of Michigan both saw the need to extend the normal April 15 filing date to May 17, 2021 for your 2020 tax returns. In addition, Kallas has filed preventative extensions for both your business(es) and personal tax returns to September 15 and October...

RECAP OF GOVERNMENT PROGRAMS FOR RESTAURANTS

May 1, 2021 | Article | Tagged:

SOME DEADLINES COMING UP.  ACT FAST! Let’s do a recap of all the government programs available to you. Please note that there are many details not discussed below.  These are the general guidelines. First PPP Eligibility:  Any small business employing not more than...

TAKE ADVANTAGE OF ERTC – ITS FREE MONEY

May 1, 2021 | Article | Tagged:

The ERTC (Employee Retention Tax Credit) is available to virtually all restaurants in Michigan. It is a powerful tax credit that equals 50 percent of your employee’s pay up to a maximum of $5,000 per employee for 2020 and $14,000 per employee in 2021. As of now, the...

PPP FORGIVENESS STATUS AS OF MAY 1

May 1, 2021 | Article | Tagged:

Many recipients of PPP funds are anxious to get the forgiveness process started.  But there are many considerations you should take into account before you submit your forgiveness application some of which point to delaying. You have 24 weeks to spend the PPP money....

SAVE TIME AND MONEY WITH PAYROLL ADMINISTRATION

Feb 1, 2021 | Article | Tagged:

PAPERLESS PAYROLL SAVES $$$$ & NOW IS THE PERFECT TIME To succeed in the restaurant industry, operators need to spend their time in the most efficient way possible. It does little good to spend time on administrative tasks when your most profitable time can be...

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