Posts Tagged ‘Restaurants’
The Pulse on the Economy and Capital Markets: September 5 – 9, 2022
At a glance: The price of oil declined last week as markets and stocks receive a much-needed rebound after a tough August. Investors brace for the Federal Reserve to increase rates by three-quarters of a percent in their upcoming meeting. Bonds most sensitive to higher rates — specifically government and investment grade — sold off.…
Read MoreRestaurant 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 More4 Ways Restaurants Can Embrace ESG
At a glance Schedule a consultation with an Aprio advisor! The full story: Over the past 10 years, companies across industries have been galvanized to focus on environmental, social and governance (ESG) issues — and the push toward sustainability includes the food and beverage industry. According to a recent report from Kerry, 49% of global…
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 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 MoreTax Update: New Guidance on New York’s Pass-Through Entity Tax Credit
At a glance Schedule a consultation The full story: Hot off the press: on August 25, 2021, New York State issued a Technical Memorandum[1] that provides guidance on its pass-through entity tax. First, let’s take a step back On April 19, 2021, New York State’s 2021─2022 Budget Act was signed into law. The Budget Act includes…
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…
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