Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s are now available at 70%…
Fake invoice scams are on the rise, and we are seeing multiple attempts from hackers trying new tricks. Fortunately, there are steps you can take to protect yourself from these attacks: Be vigilant – The scammers are getting better at…
Merger and acquisition activity has been brisk in recent years. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Stocks vs. assets From a tax…
If you’re getting a divorce, you know it’s a highly stressful time. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of your biggest personal assets and your marital property…
The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and medical leave to their employees. It’s subject to numerous rules and restrictions, and the credit is only available for two…
Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although there’s no universal “right” choice, many businesses that formerly leased assets are now deciding to buy…
Chances are, if you own or operate a restaurant, deciding on the best food delivery service can make or break your bottom line. And with the on-demand consumer mentality, it’s important you understand the potential liability issues before you sign…
As the Notre Dame Cathedral in Paris burned, the internet began to ignite misinformation and social engineering. One Twitter account stated the fire was the work of an arsonist; another organization on Fox News posted a fake quote from a…
Making decisions – even small ones – about your business can have long-term ramifications if you don’t do your homework first. One of the most important decisions you make when opening a restaurant is choosing which accounting method to use…
As you begin planning for your new business, are you fully aware of the payroll responsibilities you are about to take on? Payroll laws can be one of the most confusing areas for restaurant owners, and for good reason: labor…