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Now Is The Time To Focus On Lease Accounting Implementation
One positive outcome from the fallout of the global pandemic COVID-19 was the Financial Accounting Standards Board (FASB) decision to delay Accounting Standard Codification (ASC) 842, Leases, for privately held […]
Restaurants: Common 401(k) Administrative Errors to Avoid
401(k) plans are great options for many small businesses, including restaurants. They help your employees save for retirement, add appeal to the compensation package, and are deductible business expenses. However, […]
Restaurant Revitalization Fund Grant FAQs
Article originally published April 14, 2021 Last updated May 5, 2021 Update: On Friday, April 30th, the National Restaurant Association updated its frequently asked questions resource and provided an application […]
Franchisor Accounting Update – Recognition Of Initial Franchise Fees
Article originally published December 16, 2020 Last updated March 2, 2021 GAAP Update: Franchisor Revenue Practical Expedient Issue: In January 2021, the Financial Accounting Standard Board issued Accounting Standards Update […]
Accounting For Delivery Fees
Article written by: Dustin Minton, CPA, MBA Director, Assurance & Business Advisory Services For the past few years, the delivery trend has been on the rise with many […]
Year-End Audit Reminders In A COVID Era
As 2020 quickly comes to an end, we are pleased to provide restaurateurs with an annual reminder of items to keep on the radar before the annual financial statement audit. […]