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Hospitality

Eight Tax Questions Restaurant Owners May Want to Consider in the Last Four Months of 2024

Eight Tax Questions Restaurant Owners May Want to Consider in the Last Four Months of 2024

In the blink of an eye, it will be September and there will be just four months left in 2024 to maximize tax credits and deductions for your business. Here are some questions you may want to think about to make the most of the time left in 2024. Have
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More than 20 Ways Technology and Automation Solutions Can Help Restaurants Thrive

More than 20 Ways Technology and Automation Solutions Can Help Restaurants Thrive

Last updated on July 23rd, 2024From enhancing customer experience to streamlining operations, technology has become a competitive game-changer. Here are more than 20 ways technology, software and apps are promoting productivity, saving money, or improving service in the restaurant sector. Automated invoicing and inventory systems connect with your POS and
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Know Your Numbers: The Importance of Monitoring Food, Labor, and Operation Costs

Know Your Numbers: The Importance of Monitoring Food, Labor, and Operation Costs

Forecasting, tracking, and managing food costs, labor costs, and operation costs helps foster strong financial management during the best of times. These actions take on a whole other level of importance during the uncertain times we’re navigating today. With food prices up 25% since 2020 and labor costs up an
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Understanding New York’s Tip Credit

Understanding New York’s Tip Credit

Last updated on May 3rd, 2024Several states have already done away with tip credit for food service workers, and more are exploring the option, including New York. While the debate continues about whether this is a positive or a negative for restaurants and employees, New York has moved ahead with
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AI, Apps & Technology: Where Do They Fit Into Your Business Strategy?

AI, Apps & Technology: Where Do They Fit Into Your Business Strategy?

From delivery drones and burger flipping robots…to AI powered drive thru service, phone answering technologies, and online reservations…to integrated inventory, ordering and point of service systems, food delivery apps and more, restaurants are being bombarded with a variety of technology solutions that they purportedly need to survive and thrive. While
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Estate & Succession Planning: A Necessity for Family-Owned Restaurants

Estate & Succession Planning: A Necessity for Family-Owned Restaurants

Running a family-owned restaurant is often a labor of love, with each generation imparting their unique flavor to the business. However, to ensure that your legacy – and the impact it can have on loved ones and assets (including your restaurant) – plays out according to your wishes, it is
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Last Minute Moves to Maximize Section 179 Tax Advantages

Last-Minute Moves to Maximize Section 179 Tax Advantages

Have you been thinking about purchasing new or used equipment to enhance services? How about upgrading technology and software? With end of year approaching, you have limited time left to consider whether to purchase, lease, or finance certain assets to take advantage of Section 179 tax benefits. It’s also a
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An Update on New York's Minimum Wage to Take Effect January 1

An Update on New York’s Minimum Wage to Take Effect January 1

Earlier this year, Governor Hochul announced annual increases to New York’s minimum wage to help low-wage employees keep up with the rising cost of living. Beginning January 1, 2024, New York’s minimum wage will increase to $16 in New York City, Nassau, Suffolk, and Westchester. For all other areas in
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Map of Qualified Census Tracts (QCTs)

  • Move map to NY and scroll to zoom in
  • Under Map Options select “Color QCR Qualified Tracts”