By: Lisa Haffer The Department of Labor’s final tip rule is scheduled to take effect on December 28, 2021. As drafted, the final rule will limit the amount of time tipped employees can spend performing non-tip-producing work while still receiving cash wages as low as $2.13 per hour Note: A lawsuit was filed on December […]
Given the popularity of gift cards among both issuers and recipients, restauranteurs should understand the pros and cons of selling and issuing gift cards. Over time, gift cards have become wildly popular with both consumers and retailers. They benefit retailers, because buyers often return to the venue and spend more money than the actual value
Are Gift Cards Really a “Gift” for the Restaurant Industry? Read More »
Now, nearly two years into the COVID-19 pandemic, supply chain disruptions have taken a number of forms, spanning all industries — including restaurants. At the top of their list of challenges are food, supply and labor shortages that weigh on consumer prices, the dining experience and talent retention. Despite these headwinds, outlooks for the financial
RESTAURANTS SERVING UP SUPPLY CHAIN SOLUTIONS Read More »
The food and hospitality industry continues to be an important economic driver for the US economy, comprising about 9.5% of GDP. Supply chain disruptions are weighing on restaurants’ ability to stock their shelves with inventory. The emergence and persistence of supply chain disruptions continue to weigh on the restaurants’ ability to stock their shelves and maintain
Supply Chain Disruptions Weighing on Restaurants’ Food and Product Inventory Read More »
Between operational disruptions, government restrictions, labor shortages and other challenges, restaurants have been one of the hardest-hit industries during the COVID-19 pandemic. The rise of digitally enabled ghost kitchens — typified by lean operations without any on-site dining option — is a testament to the restaurant industry’s ability to pivot. As COVID-19 vaccination rates rise
Do You Believe in Ghost Kitchens? Read More »
From the drive through speaker to the QR code menu, restaurant patrons are familiar with the evolution of technology that streamlines front of house operations. Recent years have seen increased focus on innovation at the back of house. Though they might not be visible to the average customer, changes underway will have a profound impact
From Automat to Automatic: How New Tech is Bringing Efficiencies to Back of House Read More »
A patron speaks with the restaurant host, either to confirm a reservation or ask if there’s a table available. Ideally, the host calls upon a server who then leads the patron to a table and takes their order. It’s a system that worked since the dawn of the U.S. restaurant industry — accounting for 90%
The Case for Diverse Revenue Streams Read More »
“Location, location, location” has long been the mantra of the real estate and, by extension, construction industries, but the global pandemic is upending how this philosophy has traditionally been interpreted. The effects of remote work, online shopping and the continued decline in business travel, among other phenomena caused by the pandemic, are forcing owners and
DOES LOCATION MATTER ANYMORE? Read More »
The real estate industry is transforming. Greater penetration of e-commerce, ongoing supply chain disruptions, changes in consumer spending habits, the desired location of first-time homebuyers, the shift from in-office to remote work and the increased use and reliance on technology are forces converging on the industry and forcing investors and owners to change traditional ways
THE CURRENT STATE OF REAL ESTATE: Q&A WITH NATIONAL REAL ESTATE LEADERS Read More »
Federal tax professionals working to resolve issues with the IRS can attest to the multifaceted impacts of the agency’s resource constraints on taxpayer service. The signs are evident, for example, in the long wait times for calls to be answered, tax return processing delays and increased instances of penalties being assessed against compliant taxpayers. Perhaps
4 TIPS FOR WORKING WITH A RESOURCE-CONSTRAINED INTERNAL REVENUE SERVICE Read More »
