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…
Jan Marrs, Mize Houser Talent Director, talks about the firm’s creative approach to recruiting employees in the Kansas City Business Journal. Click Here
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…
There are several mistakes new owners make when starting a new restaurant. The following five mistakes are the ones that we see the most often: Not having enough start-up capital. Restaurants require a lot of capital. You’ll need capital to…
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment (SE) tax. But the IRS has been cracking down…
The Department of Labor issued proposed new guidelines for determining when a restaurant franchisor can be held responsible for the labor policies and practices of franchises. “We know restaurant franchise owners are particularly watchful of the proposed guidelines,” says Carol…
Mize Houser & Company P.A. moves up in Accounting Today’s ranking “Beyond the Top 100: Firms to Watch” listing from 27th to 16th place. Mize Houser also moved from the 11th position to the 10th largest Midwest accounting firm with…
If you run your business from your home or perform certain functions at home that are related to your business, you might be able to claim a home office deduction against your business income on your 2018 income tax return.…
