Posts Tagged ‘Restaurant Trends’
Restaurant Owners: Have You Been Overlooking this Key Savings Opportunity?
At a glance Time to stop overpaying: 85% of businesses overpay on banking services, including transaction fees, interest rates, processing costs, and more. Don’t be one of them. New ways to save: Treasury optimization services can provide the creative solutions restaurant owners need to save money on banking services and boost cash flow. Next steps:…
Read MoreUpdate: Federal Judge Rejects Motion to Halt the DOL’s 80/20 Rule for Tipped Employees
At a glance Schedule a consultation with an Aprio advisor. The full story: At the end of last year, the United States Department of Labor (DOL) made effective a final ruling on “dual jobs,” which reinstated the 80/20 rule and introduced a new 30-minute rule for tipped employees. Under the regulations, restaurants can apply a tip…
Read MoreThe DOL Delivers Final Ruling on Reinstated 80/20 Rule
At a glance Schedule a free consultation with Aprio’s Restaurant, Franchise & Hospitality team today. The full story: On October 29, 2021, the U.S. Department of Labor (DOL) published a final ruling on “dual jobs,” which will reinstate the 80/20 rule as well as introduce a new 30-minute rule for tipped employees. The final ruling…
Read MoreCity of Atlanta Announced a CPA Statement is Required for Restaurants to Renew their Alcohol License
At a glance Schedule a consultation with Aprio’s today. The full story: The City of Atlanta has decided to move forward with the compliance of ordinance 10-106(c) with the effective date of November 1, 2021. While all alcohol licenses expire on December 31 of each year, ordinance 10-106(c) requires any business classified as a restaurant…
Read MoreThe Pulse on the Economy and Capital Markets: Nov 1 – Nov 5, 2021
At a glance: Overall markets continued their impressive streak higher with smaller companies leading the way. The infrastructure bill is already benefitting smaller companies as US-focused small company stocks excelled last week. The strong jobs report highlights workers are coming back at about 20 percent higher than expected likely due to Covid-related support ending in…
Read MoreHow to Attract and Retain Talented Employees with a Top Benefits Package
At a glance: Schedule a free consultation today The full story: Unexpected layoffs, school closings with scarce childcare options — these are just a few of the many hardships American workers have had to grapple with during the COVID-19 pandemic. But the upside is that workers are now benefiting from valuable leverage in the labor…
Read MoreThe Top 4 Cybersecurity Risks in Hospitality and How to Solve Them
At a glance The main takeaway: Hospitality is one of the most vulnerable industries when it comes to cyber theft and fraud, especially under the constraints of the COVID-19 pandemic. Impact on your business: In order to avoid damages and prevent threats from materializing, hospitality businesses must prioritize and address four, key security risks. Next steps: Aprio can…
Read More4 Essential Steps to Take Before Starting Your Digital Transformation
At a glance The main takeaway: Before you invest in new technology for your restaurant, franchise or retail business, you need to take a step back and assess your current tech infrastructure. Action steps to take: You must identify gaps, develop tactical and big-picture strategies for accomplishing your goals, and gain buy-in to give your…
Read MoreA New Series: How Businesses Can Use Liquidity to Fund Post-COVID Growth
At a glance: Moving forward: Businesses may be sitting on excess cash after using funds acquired from COVID-19 relief programs for approved expenses and costs during the pandemic. Grow with confidence: In a new four-part blog series, Aprio’s Restaurant, Franchise & Hospitality team will explore three ways small businesses can use extra liquidity to fund…
Read MoreApply for an RRF Grant in 4 Simple Steps
At a Glance: The Main Takeaway: The SBA will open the Restaurant Revitalization Fund (RRF) grant application portal on May 3 and is allowing applicants to register as early as April 30. Impact on Your Business: The $28.6 billion in RRF funding will go fast, so your business must act now to obtain the grant…
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