IRS allows SALT cap workaround for pass-throughs

When the Tax Cuts and Jobs Act was enacted in 2017, the $10,000 cap on state and local taxes deductions left residents in high tax states out in the cold. For example, many New Yorkers and Californians know it is not unusual for state income tax amounts to approach the cap from payroll deductions alone. […]

Remember to close out POS each day

“Finish the drill” is the rallying cry of athletes and coaches to encourage their teammates to give it their all through the end of the game. The same principle holds true in business. Successfully closing out the day is as important as a strong opening. For McDonald’s owner/operators, making sure the point-of-sales systems are closed […]

Webinar: Unpacking the latest in PPP Loan Forgiveness

We are entering the final stretches of completing applications for Paycheck Protection Program loan forgiveness, and we are offering a webinar to McDonald’s owner/operators to provide some updates on the process and what to expect. Since the PPP loans were introduced in the spring, there have been changes and clarification over the months to forgiveness and […]

IRS: Employers to repay deferred payroll tax

The IRS issued guidance at the end of August regarding deferral of the employee’s portion of Social Security tax as described in President Trump’s August 8 Presidential Memorandum. The Presidential Memorandum deferred the employee’s portion of Social Security taxes from September 1, 2020, through December 31, 2020. The president’s move was made in reaction to the ongoing coronavirus […]

Buy a new restaurant? Make sure POS machines registered to you

Every sale counts now more than ever, so it is imperative that McDonald’s owner/operators keep a sharp eye on their cashless accounts to detect any anomalies. We have seen a growing number of instances where an incorrect merchant ID number is logged in a cash register or self-order kiosk, resulting in cashless deposits being deposited […]

Antares Group named a 2020 Top Workplace

Antares Group is proud to announce we have been awarded a Top Workplaces 2020, National Standard honor by The Atlanta Journal-Constitution. The list is based solely on employee feedback gathered through a third-party survey administered by research partner Energage, LLC, a leading provider of technology-based employee engagement tools. The anonymous survey measures several aspects of […]

COVID-19 checklist for restaurant owners

As we continue to monitor the updates regarding the COVID-19 and the impact that it is having in our industry, we at Antares Group have put together a checklist of things that you may want to consider. As you know, circumstances are changing daily. We will continue to monitor the situation and keep you advised about […]

IRS Tax Tip: Know the difference between standardized and itemized deductions

It’s a good idea for people to find out if they should file using the standard deduction or itemize their deductions. Deductions reduce the amount of taxable income when filing a federal income tax return. In other words, they can reduce the amount of tax someone owes. Individuals should understand they have a choice of […]

Beware of audit if you plan to move to a lower-tax state

If you’re thinking about moving to a place with nice weather and a nicer environment for taxes, you’re not alone – and one of the people who may be following you is an auditor. More and more Americans are moving to states that have more favorable tax laws, a trend that seems to have picked […]

SECURE Act brings changes to retirement plans, kiddie tax and more

Congress recently passed, and the President signed into law, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), landmark legislation that may affect how you plan for your retirement. Many of the provisions go into effect in 2020, which means now is the time to consider how these new rules may affect your […]