Submit current W-9s to avoid backup withholding
“The only constant in life is change.” This quote has been attributed to Greek philosopher Heraclitus, and between the sales and purchases of restaurants, transfers of ownership to Next Gens and spinoffs creating new organizations, most McDonald’s owner/operators would probably agree. Amidst all this change, it is important to make sure nothing falls through the […]
The cost of convenience: Audits required for high-volume credit card transactions
As more customers pay with credit cards, restaurant owner/operators will face tighter scrutiny – and higher costs each year. Ownership entities that have more than 1 million credit card transactions a year must comply with the Payment Card Industry Data Security Standard (PCI DDS) that, among other things, requires an annual audit. The purpose of […]
Are you EMV ready?
Credit card fraud costs nearly $9 million each year in the United States, so in an effort to reduce the level of loss, merchants must switch by October to a new, more secure way of processing credit card payments. The EuroPay, MasterCard and Visa, or EMV, chip technology is designed to reduce fraud and protect […]
