Mize has been with us from the very beginning. When we first became Owner/Operators, Mize was our first accountant hired, so they've been with us all the way along the way. And what I've loved about Mize is they've continued…
Pat: My parents were in McDonald's before, and we bought them out. We've actually been in McDonald's for 40 years now. LeAnn: Yes. Pat: We were actually ... My parents were with Cobler, and we owned part of the business…
We own four restaurants, my wife and I now. And I've been an owner-operator for 16 years. This honestly was not something that I pursued. There was an owner-operator in our community that saw some of the things I was…
If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty can be imposed. To make matters worse, the penalty can be assessed personally against a…
You may have heard about the upcoming ‘go live’ July 1, 2019 date for Uber Eats to begin calculating, collecting and remitting sales tax on behalf of restaurants. This change could cause confusion for restaurant owners who could be concerned…
Chances are, if you own or operate a restaurant, deciding on the best food delivery service can make or break your bottom line. And with the on-demand consumer mentality, it’s important you understand the potential liability issues before you sign…
Making decisions – even small ones – about your business can have long-term ramifications if you don’t do your homework first. One of the most important decisions you make when opening a restaurant is choosing which accounting method to use…
As you begin planning for your new business, are you fully aware of the payroll responsibilities you are about to take on? Payroll laws can be one of the most confusing areas for restaurant owners, and for good reason: labor…
Entity selection can be one of the most influential decisions a restaurant owner can make. The entity that you choose will impact how you file your taxes, and perhaps even the amount of taxes that you pay. While there is…
There are three financial statements that you should review regularly to help you determine your restaurant’s profitability. The Balance Sheet The balance sheet is a point-in-time snapshot of your assets and liabilities. Your assets are split into two categories: current…