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Five Restaurant Accounting Tips for Non-Accountants

Modern Restaurant Management

While strong accounting skills may not be at the top of what comes to mind, every good restaurant manager must have at least a basic knowledge of accounting to be successful. Restaurants face distinct accounting challenges that require a restaurant-specific approach. How to Set-Up Restaurant Accounting Cycles.

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Compliance training as a cornerstone of culture in hospitality

Hospitality Magazine

This comprehensive approach creates a culture of accountability where everyone understands their specific role in maintaining a compliant workplace. Accountability: Ensuring that all employees, regardless of their position, are held accountable for their actions.

Training 246
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How Restaurants Can Navigate the PPP Loan Forgiveness Program

Modern Restaurant Management

Borrowers must make representations about how they handled their PPP loans and maintain required documentation as backup. What Documentation Is Required to Apply for Forgiveness? Payroll documentation that shows the cost of payroll during the loan period. When Is the Right Time to Apply for PPP Loan Forgiveness?

Document 189
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Don’t Get Burned By The IRS – Tax Tips for Restaurant Owners

Modern Restaurant Management

If the restaurant fails to remit these trust fund taxes, responsible individuals — most often the corporate officers, bank account signers, and any other person deemed to have decision-making authority over tax payments can be held personally liable. Reconcile your bank accounts and credit card/merchant service statements monthly.

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Quick Facts About the Restaurant Revitalization Fund (RRF) Process

Modern Restaurant Management

If you have any questions on the process, reach out to an experienced accountant to walk you through the process. equipment, accounting, training, legal, marketing). Documents you need to apply include: SBA Form 3172. The Small Business Administration (SBA) has recently revealed a sample form and program guide for applicants.

Document 197
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Changes to workplace laws start on 26 August

Hospitality Magazine

The document details the employment conditions that must be provided to all casual employees as well as information on the definition of a casual employee, how casual employment can be changed, reasons why an employer may not accept an employee’s notice, and the role of the Fair Work Commission to deal with disputes.

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The Employment Landscape is Messy: How Restaurants Can Ensure Compliance with Limited Resources

Modern Restaurant Management

Often the upsell from franchisors and service providers includes seemingly convenient, useful, and “free” extras like employee handbooks, wage and hour policies, and employment forms, but these one-size-fits-all documents are often tailored to federal law and don’t account for changes in California law.

Document 193