4 Ways Restaurants Can Embrace ESG

At a glance The main takeaway: More restaurants are embracing environmental, social and governance (ESG) efforts to create a positive impact on their communities and the world at large. Impact on your business: There are a few steps restaurants can take today to make a better ESG imprint, including reducing waste; using sustainable ingredients and…

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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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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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Tax Update: New Guidance on New York’s Pass-Through Entity Tax Credit

At a glance The main takeaway: New York State just recently provided some additional guidance on its pass-through entity tax credit, including eligibility, election periods and estimated payments, among other areas. Impact on your business: It’s important to understand the key nuances of how the credit works, especially if you are an eligible partnership or S corporation.…

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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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