January 2016 Newsletter

Restaurant Times Newsletter - Restaurant CPA

Restaurant Times Newsletter

SEPTEMBER 2016

We’re heading into Fall with some up-to-date industry information and trending topics written by top restaurant experts. Check out our main entrees section discussing important restaurant grading changes, EMV chargeback issues, minimum wage & sick pay updates, some crafty R&D savings, and important information regarding the Affordable Care Act. Also, take a look at our events section including the CRA Los Angeles Chapter Annual Golf Tournament. Lastly, get to know California Chicken Café under our client profile section.


 

Making the Grade: Putting the “Bite” into the Grading System

We may be seeing fewer “A”s in the windows of our favorite LA County eateries starting in January of 2017. It’s a fact that a restaurant can be shut down by the health department for a serious health violation, such as a vermin infestation or a lack of hot water… » Read More

Are You Letting EMV Chargebacks Eat Away at Profits and Operations?

The answer for most of us in the restaurant business is……yes and yes. Whether you are running a QSR or fine dining location we have clients out there using this “integration timeline” for most of the major POS carriers as an opportunity to abuse a loophole in the system…» Read More

Legal Update: Minimum Wage & Sick Pay

As Summer winds down, a host of new State and Local Ordinances have recently gone into effect that will no doubt leave many employers scratching their heads. At the State level, Governor Jerry Brown signed a new provision…» Read More

Brewing Up Some Crafty R&D Tax Credit Savings

While Microbrewery may have been a correct terminology for new craft beer breweries and startups, they no longer remain “micro” in numbers and revenue. The craft beer industry has increased by over 20% each year since 2013…» Read More

The IRS is Coming: What to Do Before, During and After an ACA Audit

Over the last six years, the Affordable Care Act (ACA) has dramatically changed the employee benefits landscape across the country for employers and employees alike…» Read More

Affordable Care Act Affecting Worker’s Compensation

As the Affordable Care Act started to take hold, work comp insurance companies questioned and assumed that ACA would not affect workers comp…» Read More

Events

CRA Los Angeles Chapter Annual Golf Tournament

The CRA Los Angeles Chapter Annual Golf Tournament took place at the beautiful Brookside Golf & Country Club. We were able to network and mingle with industry peers and enjoy tastes at a variety of food and beverage stations along the course. The day’s festivities included golf, contests, prizes, golf gift bag, lunch, food & wine/beer festival and auction. » Details


There are many exciting events that transpired in the last few months. In March, we attended the Ctuit Software’s 2016 User Conference joining their experts and over 100 restaurant industry leaders in Napa Valley for networking, learning, and some wine tasting. In May, we flew to Chicago for the 2016 National Restaurant Association Show; the largest annual gathering of the restaurant, foodservice and hospitality industry. In June, we sponsored the Annual Elizabeth Burns Lifetime Achievement Award Dinner and we honored Porto’s Bakery and their amazing success story. In July, Jean Hagan spoke at Lathrop & Gage’s legal roundtable discussing alternative tipping and compensation models. Lastly, in August, we participated in the annual Western Foodservice show. » Details


 

Testimonials

“Experts in restaurant accounting, and all aspects of the technical, operational, and managerial challenges of today’s market, Krost supersedes your expectations of the typical restaurant consultant”. » Read More


 

Client Profile:
California Chicken Café

California Chicken Café, CCC as it is commonly referred to by its loyal customer base, has become a phenomenon in Los Angeles. Attracting a customer base that is so diverse which many restaurants envy. » Read More


 

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