January Newsletter

Restaurant Times Newsletter

JANUARY 2015

Our January Newsletter consists of articles written by top Restaurant experts on trending industry topics. To start off the new year with a bang, this newsletter is packed full of industry updates for 2015. We start of with our Main Entrees with updates on current Minimum Wage Laws and Forecasts, Cost of Goods analysis for 2015, overview of California’s New Sick Leave Requirements, new Employment Law Requirements, Affordable Care Act compliance, and etc. We’re also adding a new “Congratulations!” section to our newsletter to update you on our clients’ new restaurant grand openings. Over on our side panel, we provide testimonials from our current clients, a client profile on Dog Haus and industry events that we participated in since our last newsletter.


 

Minimum Wage, Minimum Wage, Minimum Wage

Yes, we are still talking about minimum wage increases here in California. The consensus is clearly in the favor of increased minimum wage being rolled out within the next year. » Read More

Cost of Goods in 2015

As we enter this New Year the pricing of our core goods is fluctuating daily. According to the USDA the price of grocery store consumer prices were 3.4% higher than for this period last year. » Read More

How to Stay Healthy with California’s New Sick Leave Requirements

Effective July 1, 2015, the new law Healthy Workplaces, Healthy Families Act of 2014 (the “Act”), requires employers to provide paid sick leave benefits to all employees. » Read more

Client Alert: Recommended Action Items for January 1, 2015

As the year is coming to a close, we want to remind our valued clients about some new employment law requirements starting January 1, 2015. » Read More

Affordable Care Act Look to the Future: 2015 Compliance

This article provides a short overview of the ACA’s key reforms that will take effect in 2015. Employers should review these key points to help confirm they are ready to comply with the ACA’s 2015 reforms.
» Read more

Key Industry Issues Likely To Be Deliberated In 2015

Matt Sutton of the California Restaurant Association goes in detail about the key industry issues likely to be deliberated in 2015. Topics include “Labor and Employment”, “Allergens”, “ADA Reform”, and the “Last Call?” for new legislative proposals.
» Read More

2014 Tax Extenders (Federal)

On Tuesday December 16th, the Senate passed H.R.5771 to extend several expired tax provisions. The extension is retroactive from January 1, 2014, through the end of the 2014 tax year with minimal changes to the prior tax provisions. » Read More

Ctuit Update

Restaurant operators responsible for single or multiple locations face the challenging task of quickly compiling accurate financial and operational data. Ctuit RADAR users make informed, fact-based decisions critical to success, producing savings of 2-4% in labor costs. » Read More

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Event Reviews

CRA Los Angeles Chapter Golf Tournament
As one of the sponsors of the CRA Los Angeles Chapter Golf Tournament, we successfully raised donations for the ProStart Foundation at Malibu Country Club. » Details

Western Foodservice & Hospitality Expo
We had great success at the Western Foodservice Expo this past summer and hosted a panelist discussion about the ACA Reporting Requirements & Payroll System Compliance.
» Details

National Restaurant Association
Greg Kniss and Jean Hagan attended the 2014 NRA Conference held at the International Foodservice Marketplace at the McCormick Place in Chicago. » Details

Los Angeles Food & Wine Festival
Since our last newsletter our Partners Greg Kniss and Jean Hagan attended the annual Los Angeles Food & Wine Festival in Downtown, located on Grand Ave. The festival consisted of food and wine booths from the most popular restaurants around the city. » Details

Restaurant Finance & Development Conference
Stacey Korman of KROST was part of the Tax and Financial Tips from Top CPAs in the Restaurant Business and spoke on “Service Charges and Tips”. » Details


 

Testimonials

“Jean Hagan of KROST recommended Ctuit and it was amazing! The reports are simple and easy to understand.
– Faith Kang, Kabuki.” » Read More


 

Client Profile

After several different business ventures, Giragossian and Riaz united with Vener to redefine the hot dog.  Since college, the original idea was an eatery called “What Up, Dog!” which quickly became The Dog Haus.
» Read More


 

Congratulations!

We would like to congratulate a number of our clients for their new restaurant openings. Please refer to the following list for more details:


 

Resource of Professionals

With our deep involvement in restaurant industries, we have gathered industry professionals that are committed to your success. View our Resource of Professionals:
» Details