September 25, 2026Three Key Takeaways Tip reporting has a way of feeling like background paperwork until an IRS notice shows up. Form…
August 14, 2026Effective August 1, 2026, businesses across six northern Illinois counties began collecting a higher Northern Illinois Transit Authority (NITA) occupation…
June 9, 2026Three Key Takeaways The rules around deducting meals and entertainment have tightened considerably over the past several years, and 2026…- June 9, 2026Three Key Takeaways When a restaurant owner purchases a building or builds out a space, the IRS default is to…
- June 9, 2026Three Key Takeaways Restaurants are capital-intensive businesses. Commercial refrigeration, ranges, hood systems, POS infrastructure, walk-in coolers — the equipment required…
May 5, 2026Three Key Takeaways If you operate a restaurant or hospitality business in the Chicago area, you are navigating three overlapping…
May 5, 2026Key Takeaways Restaurant payroll is not like payroll in most other industries. A server might work a morning shift at…- March 9, 2026Three Key Takeaways Accurate inventory counts are the foundation of your food cost calculation. Small, recurring errors, such as wrong…
- March 5, 2026Key Takeaways Restaurant margins are thin. Most operators earn somewhere between 3% and 9% on every dollar of revenue, which…
- February 10, 2026Restaurant sales tax in Illinois involves three distinct layers: state, county, and municipal taxes that combine to create rates ranging…
