February Newsletter
Restaurant NEwsletter - Los Angeles CPA Firm

February 2014 Newsletter

Happy 2014! There will be a lot of changes in the restaurant industry this year. Stay ahead of the game by getting up to date on new regulations that are in effect. In this issue, our experts help distinguish service charges from discretionary tipping, inform about the “ABCs” of California Booze Law and give advice on 3rd party inspections and hot insurance issues for the restaurant industry in 2014. As for our company news, we would like to congratulate Jean Hagan, the Director of Restaurant Operations, for becoming one of the Principals of our firm. Come join us with at this quarter’s restaurateur events to congratulate her. » details.

Good Night to Service Charges

Most restaurants have correctly associated this event with sales tax but probably never went any further in researching why there was sales tax applied to the transaction. The difference lies in the definition of a tip and a service charge.
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Mandatory Service Charge vs. Discretionary Case Study

Mandatory Service Charge vs. Discretionary Tipping is a relevant case study in regards to the recent change in service charge income.
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The “ABCs” of California Booze Law

Do you want to be part of the booze business in California? Or do you already have a liquor license but are unclear on what you’re allowed to do? This article provides a brief summary of the regulatory framework and industry structure of the alcoholic beverage industry in California. » Read more

Third Party Inspections: A Good Idea?

To quote one restaurant owner, “Why let strangers into our kitchen just to interrupt our workflow and tell us things we already know?” Why indeed? Is this increased scrutiny from the regulatory agencies truly beneficial?
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Hot Insurance Issues for Restaurants in 2014 and Beyond

 

Health Care Reform (PPACA-Patient Protection & Affordable Care Act) is probably the topic at top of minds for all restaurant owners in California. On July 9, 2013, the Internal Revenue Service (IRS) issued Notice 2013-45 to provide formal guidance on the delay of the Affordable Care Act (ACA) large employer “pay or play” rules and related information reporting requirements.  » Details

 

KROST Restaurant Management Seminar
February 2014
KROST is happy to announce an upcoming complimentary live seminar. The new seminar is available on a quarterly basis.
» Details

Restaurant Leadership Conference
March 30 – April 2, 2014
Managing Partner Greg Kniss will be attending the 2014 Restaurant Leadership Conference “Differentiation the Fuel for Growth” on March 30 – April 2nd at the Westin Kierland Resort & Spa in Scottsdale, Arizona.
» Details

NRA Show 2014

May 17-20, 2014
Principals Greg Kniss and Jean Hagan will be attending the 2014 NRA Conference – The International Foodservice Marketplace on May 17-20 at the McCormick Place in Chicago, Illinois. » Details

Client Spotlight

Mary Sue Milliken has been an influence on the Los Angeles Chef and restaurant scene since the early eighties. Co-founder of the beloved City Café in the early eighties and the Border Grill restaurant group in the mid eighties, Milliken has been a part of the culinary rebirth of Los Angeles.  » Read More

Resource of Professionals

Nossaman LLP
Marco D. Costales
Phone: 213-612-7878
Email: mcostales@nossaman.com
Website: nossaman.com

The A Specialist
Anthony Barton
Phone: 800-755-3563
Email: anthony@theaspecialist.com
Website: theaspecialist.com

ISU Insurance | Peterson Milaney
Corbin Wade
Phone: 805-551-2170
Email: cwade@petersonmilaney.com
Website: Isugroup.com