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4 Things That All Restaurants Should Consider: Part Four

The hospitality industry leader at bgr CPAs explains the four practices that all restaurant managers should consider implementing to help combat financial challenges that are common within the hospitality industry. Throughout this series, our hospitality industry leader at bgr CPAs has discussed the benefits of implementing three managerial practices: establishing four-week periods,conducting routine menu costing…

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4 Things That All Restaurants Should Consider: Part Three

The hospitality industry leader at bgr CPAs explains the four practices that all restaurant managers should consider implementing to help combat financial challenges that are common within the hospitality industry. The failure rate of new restaurants is well documented. Lack of monitoring and understanding of performance can be a big contributor to this daunting statistic.…

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4 Things That All Restaurants Should Consider: Part Two

  The hospitality industry leader at bgr CPAs explains the four practices that all restaurant managers should consider implementing to help combat financial challenges that are common within the hospitality industry. In Part One, the hospitality industry leader at bgr CPAs explained how implementing 13 four-week periods can provide substantial benefit to restaurateurs. In Part…

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4 Things That All Restaurants Should Consider: Part One

  The hospitality industry leader at bgr CPAs explains four practices that all restaurant owners should consider implementing to help combat financial challenges that are common within the hospitality industry. The hospitality industry can be particularly demanding on managers and business owners—posing many financial challenges atypical of other industries. For restaurateurs, these challenges must be…

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Keeping TRAC of Tip Income: Tip Compliance

Participating in an IRS Tip Agreement is like having an audit insurance policy. If your business employs workers who earn a substantial portion of their income from tips (bartenders, restaurant or hotel workers, beauticians, casino employees and so on), then a tip agreement essentially provides you with immunity against an IRS audit. The IRS established…

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