Removal of the Tip Credit Dilemma
Factors like rising food prices and increasing labor costs have forced restaurant owners to reevaluate their pricing models. One noticeable change is the removal of the tip credit across key cities across America.
Check out our blog for helpful tips, programs we suggest, and new processes to implement into your business so that you level up.
Factors like rising food prices and increasing labor costs have forced restaurant owners to reevaluate their pricing models. One noticeable change is the removal of the tip credit across key cities across America.
Here is your quick financial checklist for opening a restaurant: from financing, to menu testing, onto hiring your employees.
While it’s never uniform, the average profit margin for a restaurant is between 3% and 9%. Of course, this depends on various factors, including the type of restaurant.
As experienced restaurant accountants, we feel qualified to jump in and give our opinions here, so let’s dive into our review of MarginEdge for restaurants.
We’re here to help you understand why having the right POS system matters and how it can make your life a whole lot easier.
Struggling for cash? In today’s blog, our experienced restaurant accountant shares his 7 tips for improving cash flow in your restaurant business.
Today, we’re talking about 3 tax write offs that are specifically for the restaurant industry. So, if you’re a restaurant owner, listen up. These 3 restaurant tax write-offs can save you tens of thousands of dollars each year:
Today, we’re talking about 3 tax deductions that are specifically for the restaurant industry. So, if you’re a restaurant owner, listen up. These 3 restaurant tax write-offs can save you tens of thousands of dollars each year:
We’re going to discuss how to qualify for the lucrative tax credit and get thousands of dollars back in free money from the government.
As a business owner, your restaurant must make strategic financial moves during tough economic times to thrive. Here are our six tips to help you increase your cash flow during difficult times.
Tired of wading through a sea of paperwork and tangled spreadsheets just to pay your restaurant staff? Today, we’re diving into a topic that’s often more complicated than it needs to be: restaurant payroll.
Over the years, we have come across restaurant purchases that we would have advised against. Here are our 4 red flags for buying a restaurant that you should watch out for.
Are you thinking of opening up a restaurant? Your to-do list is likely longer than a CVS receipt. Here’s our ultimate checklist of key priorities when opening up a restaurant.
As a restaurant owner, you don’t need to follow every trend that comes your way. However, here are 3 restaurant trends we recommend adopting in 2023.
In this blog post, we’ll explore the pros and cons of two popular business structures: the LLC for Restaurants and the S Corporation. Which should you choose?
Whether you’re buying a restaurant or opening one from scratch, you’re going to need to come up with a lot of cash. Here is our comprehensive guide to financing for restaurants in 2025.
With food inflation still on the rise in 2024, it’s a good time to take a look at your restaurant food pricing. Here are our tips on how to handle it.
Making the wrong choice, i.e. misclassifying your workers as contractors when they really should be employees, can lead to tens of thousands of dollars in fines.
Are you tired of feeling like your restaurant accountant is just punching the clock and going through the motions?
A P&L statement shows the income and expenses of a business over a given period of time. It also shows where those profits came from. In this guide, we will share with you the role of your restaurant’s P&L statement and why it matters.