July 2012 Newsletter

It’s July and we’re half way through the year. How’s your restaurant doing? Are you meeting your goals? Are you adjusting your budget? Our newsletter covers several important issues during this time of the year. Please take special note of our “Obamacare” article that outlines and summarizes the new Affordable Care law. Also, our “Restaurant Management: Operations, Systems & Financial Controls” seminar is back! I invite you to join us on September 24th at the historic Roosevelt hotel in the middle of Hollywood’s walk of fame.
» Seminar details: “Restaurant Management: Operations, Systems & Financial Controls”

What “Obamacare” Means For Employers

With the Supreme Court ruling that the Patient Protection and Affordable Care Act is constitutional, many are now beginning to examine exactly what the law means and the new obligations it creates for employers. This article outlines the major portions of the law’s new requirements on employers.
» Read More

It’s Half Time

It’s hard to believe, its half time, in the year. There are certain things an operator should review when we get to this point. It is not too late to make adjustments to hit those final budget numbers. Here are some areas I suggest would have the most impact on your financial statements: Budget Review, Cost Analysis, Tip Reporting, Vacation Accruals, Repairs and Maintenance.
» Read More

Tax Versus GAAP Bases of Accounting

Many small business owners maintain their accounting records on the income tax basis of accounting. However, many small business owners are not clear on (i) the reason the income tax basis was selected, or (ii) how the income tax basis of accounting differ from generally accepted accounting principles (“GAAP”). The differences are directly related to the authoritative sources and related objectives of both frameworks.
» Read More

Employer Social Media Policies

The National Labor Relations Board (NLRB) continues to weigh in on socialmedia. The Acting General Counsel of the NLRB has issued the third in a series of reports on the alleged negative effects of social media policies on employee organizing rights under Section 7 of the National Labor Relations Act.
» Read More

California businesses can get cash for new foodservice equipment!
If you have recently purchased new equipment, you may be eligible for a rebate from your utility company. You can get up to $2,000 each! Check the qualifying list to see if your equipment qualifies.
Any equipment purchased from January 2010 to December 2012 is eligible for the rebate.
» More information

 

Seminar
 Restaurant Management:
Operations, Systems & Financial Controls

9/24/2012 at the Hollywood Roosevelt Hotel
The seminar covers invaluable and informative
topics such as restaurant financial analysis,
profit and loss systems, tax issues, menu
analysis, payroll controls, and what’s
coming next for the industry.
» Seminar Details

Case Study

Average Check
In the planning stages of a restaurant, from menu design to lease or purchase values, average check is the single most important calculation an operator can focus on.
» Read More

Client Spotlight

Vino at Trios
Wine tastings with the wine makers and special menus to match. An excellent restaurant to enjoy cured meats, specialty cheeses and excellent rustic pizza.
» Read More

Resource of Professionals

Van Vleck Turner & Zaller LLP
Anthony Zaller
555 West Fifth Street, 31st Floor
Los Angeles, CA 90013
Phone: 323-592-3505
» VTZlaw.com

Testimonial

“Since 1991 I have depended on Greg and his team to provide my business with expert financial and operation advice. At El Cholo Paseo, Greg’s team works with all our staff to ensure that we continue to capture opportunities to increase our bottom line profit.”
Blair Salisbury, Owner/Operator
El Cholo Paseo, LLC
» Read More