Blog

Category: Restaurants & Breweries

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November 26, 2018
Three Ways to Get More From Your Marketing Dollars

A strong economy leads some company owners to cut back on marketing. Why spend the money if business is so good? Others see it differently — a robust economy means more sales opportunities, so pouring dollars into marketing is the way to go....

October 29, 2018
Reduce Insurance Costs Through Employee Wellness Programs

Protecting your company through the purchase of various forms of insurance is a risk-management necessity. But just because you must buy coverage doesn’t mean you can’t manage the cost of doing so.  Obviously, the safer your workplace, the less likely you’ll incur cos...

October 8, 2018
Cash is King Still Reigns

You’ve no doubt heard the old business cliché “cash is king.” And it’s true: A company in a strong cash position stands a much better chance of obtaining the financing it needs, attracting outside investors or simply executing its own strategic plans.  One way to e...

October 8, 2018
Revisit Your Business Plan to Prepare for the Year Ahead

Like many business owners, you probably created a business plan when you launched your company. But, as is also often the case, you may not have looked at it much since then. Now that fall has arrived and year end is coming soon, why not dig it out? Reviewing and revising a ...

January 22, 2018
Can Hiring Your Kids Save on Taxes?

School is out and you are wondering how to keep your kids occupied for the summer – why not think about hiring them to work in your business?  This is an option for many business owners as long as the federal and state laws are followed.  You need to treat your child as ...

September 23, 2017
Restaurant Sales Tax Audits – What to Watch For – Tip #3

Third of 3 Blogs on this topic: The Minnesota Department of Revenue has dramatically increased the number of Sales and Use Tax audits in recent years. The audits are getting more sophisticated and focused on a few key areas that can really trip up business owners. ...

September 17, 2017
Restaurant Sales Tax Audits – What to Watch For – Tip #2

Second of 3 Blogs on this topic: Minnesota Department of Revenue has dramatically increased the number of Sales and Use Tax audits in recent years.  The audits are getting more sophisticated and focused on a few key areas that can really trip up business owners....

September 9, 2017
Restaurant Sales Tax Audits – What to Watch For – Tip #1

First of 3 Blogs on this topic: Minnesota Department of Revenue has dramatically increased the number of Sales and Use Tax audits in recent years.  The audits are getting more sophisticated and focused on a few key areas that can really trip up business owners. ...

July 26, 2017
Classify with Care

One common question that many business owners will have is “Am I hiring an independent contractor or an employee?”  While most business owners want to hire everyone as independent contractors, this can cause a lot of trouble if the new hire is mis-classified....

December 6, 2016
Mind Your Margins

Americans love food. We love to eat food, talk about food, watch food being made…we even love to take pictures of our food and share it with our social networks. This adoration has grossed an estimated $9.5 billion dollars in Minnesota restaurant sales in 2016, according...

September 2, 2015
Automatic Gratuities

Nothing is more frustrating to a server than frantically running to keep a table of 12 happy, only to find that the table thought a 5% tip was more than enough.  In comes the server’s knight in shining armor: The Automatic Gratuity.  On the face, they sound awesome!...

August 27, 2015
Restaurant Tip Reporting

Few industries can rival restaurants for the crown of “Most Specialized and Complex Tax Regulations”.  Restaurants have the unfortunate “honor” of their own code in income, payroll and sales tax.  A restaurant owner not fluent in these idiosyncrasies can find thems...