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SBA Disaster Assistance Program for Coronavirus (COVID-19)
Article originally published March 17, 2020 Updated March 19, 2020 SBA Disaster Assistance Program for Coronavirus (COVID-19) Declared for Several Ohio Counties As mentioned previously, the long-anticipated SBA disaster program has been approved for several states including Ohio. Please visit the SBA webpage for applications for eligible states and counties. ________________________________________________________________________ March 17, 2020 We are pleased to provide an […]
Restaurant Research RRin5: Accounting For Delivery with Dustin Minton
Recently, Dustin Minton, Director of Restaurant Services, had the opportunity to participate in Restaurant Research’s first podcast, RRin5, featuring five-minute discussions on industry hot topics. To kick off the launch of their podcast series, Dustin had the opportunity to discuss the profitability and accounting treatment of delivery fees, exploring the profitability under differing scenarios, as well as the GAAP accounting […]
What’s Cooking In 2020?
We have much to be thankful for as we begin a new year. In 2019, consumers’ disposable income grew which helped the restaurant industry report encouraging sales numbers. Food costs remained stable and technological advancements soared, both of which contributed to smoother and leaner operations. With threats of a recession always on the radar, the industry must prepare for the […]
ORA Legal Live Learnings
Article written by: Kristin Romaker, CPA Assurance Manager Recently, GBQ attended the Ohio Restaurant Association (ORA) Legal Live meeting featuring the law firm of Isaac Wiles. Isaac Wiles is based in Columbus, Ohio, and specializes in servicing restaurant and hospitality businesses. The following topics were discussed: The ORA presented on the ever-growing restaurant industry and restraints on the workforce. It […]
Top 10 Restaurant Finance and Development Conference Takeaways
Article written by: Ryan Kilpatrick, CPA, CEPA Tax Senior Manager Tobin Perrill, CPA Assurance Manager The GBQ Restaurant team attended the Restaurant Finance & Development Conference in Las Vegas, Nevada, last month. The conference afforded us the opportunity to meet with owners, operators, investors, and other service providers to gain additional insight into trends and happenings in the […]
Overtime Rule Is Now Final
The U.S. Department of Labor (DOL) announced on September 24, 2019, its final rule to raise the minimum salary for employees to qualify for Fair Labor Standards Act white-collar exemptions from $23,660 per year to $35,568 per year and allows certain bonuses/commissions to be counted towards this amount. Employees making less than this amount would automatically be eligible for overtime […]
Vendor Assessments Help You Find The Best Service Providers For Your Organization
Working with vendors who perform specialized tasks has become a vital element of success for today’s businesses navigating an increasingly global economy. Several industries, such as information and medical technologies, rely heavily on vendor relationships to imagine, produce and sell products, or to deliver services. Whether your business is just starting to build vendor relationships, or it is simply a […]
Automating Your Accounting Department
Many businesses have adopted robotic process automation (RPA), or plan to do so in the future. While most RPA initiatives target “core” business operations, routine accounting functions also can be automated to help lower costs and allow personnel to focus on higher-level analyses and strategic projects. Here’s some insight into how to integrate RPA in your accounting department. Paving the […]
Is Your Company Ready For Disaster?
Article written by: Ed Bannen Assurance Manager Lately, it’s hard to go a week without seeing natural disasters, cyberattacks, misconduct of personnel, or other political issues dominating social media and other news outlets. These issues may seem interesting, sad, or appalling, but likely will not impact you or your company. Well, you know what they say, “Hope for the best, prepare […]