Principal and National Restaurant Practice Lead, Dirk Ahlbeck, was recently featured in the Illinois Brewing Small-Business Spotlight.
Owning and operating a restaurant can have significant perks, with a side of complexities. Mainly, understanding and forecasting taxes for restaurants, which can cause headaches among other responsibilities. Proactive tax planning is a must and should be completed prior to 12/31 of the calendar year to identify opportunities. Tax rules often change; best practice recommends business owners should understand the rules as stated currently, while being aware of potential future changes.
Under the Fair Labor Standards Act (FLSA), most restaurant employees are classified as non-exempt and entitled to overtime pay of 1 and ½ times their regular rate of pay. Calculating overtime pay can be challenging, especially for tipped employees.
With the current issues surrounding inflation, here are key steps for restaurants to manage the costs of food.
It’s the time of year to give and receive gift cards, which can be beneficial to all involved. For restaurants, are you classifying the revenue correctly? Learn the key factors for proper gift card calculations.
Inflating is impacting all businesses, including restaurants as diners are cutting back extra spending. Here are six ways to navigate inflation to help your restaurant’s bottom line.
As another year of unpredictability ends for restaurants and wineries, now is the ideal time for year-end tax planning and preparation ahead of 2022. Year-end planning has several goals, including identifying opportunities for assistance and strategizing for new challenges facing the industry.
The restaurant industry has experienced a challenging 18-month tidal wave of changes and obstacles. In a year of unprecedented tests for restaurant and winery owners alike, the current state of affairs seems promising coming into a new year, and now is the time to focus on a strong financial outlook for growth.
In today’s episode, Dirk Ahlbeck, AGP’s National Restaurant Lead, joins Chuck & Brittany. This week, they discuss the current state of affairs for the food industry. In addition, Dirk shares the first steps he takes with restaurant owners to maximize profits. Plus, Dirk shares his favorite Chicago area restaurant! A great episode, streaming everywhere now. …
CHICAGO, IL – (September 21, 2021) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, proudly announces the firm has expanded services to businesses in the state of Illinois, with professionals now practicing in Chicago. The Chicago office is the first extension of the firm to be located outside of Northeastern Ohio. Spearheading …