The DOL Delivers Final Ruling on Reinstated 80/20 Rule

At a glance The main takeaway: The Department of Labor reinstated the 80/20 Rule on “dual jobs” as well as introduced the 30-minute rule, which is set to impact business owners who employ tipped employees. Impact on your business: While tip-generating work is done for specific customers, employers will need to determine a method to track a…

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City of Atlanta Announced a CPA Statement is Required for Restaurants to Renew their Alcohol License

At a glance The main takeaway: The City of Atlanta has decided to move forward with the compliance of ordinance 10-106(c) which would require restaurants to provide a CPA statement to renew their alcohol license. Impact on your business: Many restaurants are still struggling post-pandemic and a sales audit can take considerable time and cost, especially for…

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The 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…

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How to Attract and Retain Talented Employees with a Top Benefits Package

At a glance: Competition is hot: The labor market is more competitive than ever, as more employees leave their current positions to seek higher-paying, growth-focused opportunities. Stand out in the market: Employers can separate themselves from the crowd and attract the best employees by leveling up their employee benefits packages and perks. Get an expert’s perspective: Partner with…

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The 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…

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4 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…

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A 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 Retail, Franchise and Hospitality team will explore three ways small businesses can use extra liquidity to fund…

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Apply 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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