Don’t let sales tax on food delivery sales eat into your bottom line
Delivery is a key segment of food sales that restaurant owners need to watch carefully. Between the number of different delivery companies entering the market and marketplace rules, restaurant owners need to be careful that they are keeping track of who is remitting sales tax on delivery sales each month. The best way for restaurant […]
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. […]
Understanding the passive activity loss rules
Are you wondering if the passive activity loss rules affect business ventures you’re engaged in — or might engage in? If the ventures are passive activities, the passive activity loss rules prevent you from deducting expenses that are generated by them in excess of their income. You cannot deduct the excess expenses (losses) against earned […]
Sales tax on food delivery sales is a moving target
Delivery is quickly becoming an indispensable segment of food sales. With different delivery companies entering the market, restaurant owners need to be careful that they are keeping track of who is remitting sales tax on delivery sales each month. The best way for McDonald’s owner/operators to keep up with this is to review the delivery […]
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 […]
Navigating to a new day: Antares Group hosts virtual financial symposium
It’s a new day in this post-COVID world. Much has changed in the past several months, and we want to shed light on some topics that are most relevant to you and your business. To help you navigate through this ever-evolving environment, Antares Group is hosting a virtual financial symposium specifically for McDonald’s owner/operators. This symposium […]
What’s next for Emergency Sick Leave now that school is out for summer?
In the early days of the COVID-19 pandemic, Congress passed the Families First Coronavirus Response Act that, in part, provides emergency sick leave and expanded family and medical leave for employees who need to care for children whose schools had been closed as a result of the virus. Now that the school year is ending […]
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 […]
Ga. DOL requires employers to file partial claims online during temporary shutdowns
The Georgia Department of Labor announced that effective March 16, 2020, all Georgia employers must file partial claims on behalf of their employees for any week during which an employee (full-time or part-time) works less than full-time due to a partial or total company shutdown caused by the COVID-19 public health emergency. According to the […]