posts tagged as Compensation


By Restaurant Practice Leaders | June 13, 2019

The Counter: Restaurant Industry Scorecard for Q1 2019

Restaurants fared well through the 1st quarter of 2019, posting a 1.5% gain in same-store sales for the industry overall. But, as pressure on profit margins and fierce competition continue to weigh on the industry, some restaurants are... read more


By Restaurant Practice Leaders | June 05, 2019

First-Time 401(K) Plan Audits: What to Expect

For restaurants starting a 401(k) plan to better attract and retain talent, one of the most significant mandates they should be familiar with is the audit requirement. In the second installment of our Employee Benefits blog series, we... read more


By Kari Maue | April 22, 2019

Starting a 401(K) Plan: What You Need to Know

Faced with a tight labor market, many restaurants are looking into offering defined contribution plans as a way to attract and retain talent. read more


By Lisa Haffer | April 20, 2018

Tip-Off on Tip Pooling: The Omnibus Spending Bill Amends the FLSA

The omnibus spending bill signed in March generated a lot of buzz, but not a lot of substantive coverage on the specific provisions. In fact, restaurant owners may be surprised to learn that the bill amended the FLSA’s tip pooling... read more


By Restaurant Practice Leaders | January 30, 2018

Expensing Termination Benefits for GAAP Purposes

In the normal course of business, employees may be terminated and given a severance package. It is important to know whether the payments are subject to an existing severance plan, which could be either a written employment agreement or... read more


By Tom Ziemba | December 08, 2017

Total Direct Compensation is up for Retail Boards – BDO Study

Board directors saw an overall 4 percent increase in total direct compensation (TDC) this year across industries, and retail boards contributed to that bump. According to The BDO 600: 2017 Survey of Board Compensation Practices of 600... read more


By Lisa Haffer | August 04, 2017

DOL Plans to Rescind Tip Pooling Regulations

In late July, the Department of Labor (DOL) announced plans to repeal the 2011 regulations that limited tip pooling under the Fair Labor Standards Act (FLSA), 29 C.F.R. 531.52 (2011). read more


By Adam Berebitsky | November 23, 2016

New Overtime Rule Suspended

On November 22, a Texas federal judge issued a nationwide temporary injunction, blocking for now the U.S. Department of Labor’s implementation of its new minimum salary requirement that was scheduled to take effect on Dec. 1, 2016. The... read more


By Restaurant Practice Leaders | August 22, 2016

Should Your Restaurant Outsource Accounting Functions?

Standardizing and simplifying finance and accounting processes is an essential characteristic of a well-run organization. Whether the accounting function is in-house, co-sourced, or outsourced, it’s key for restaurants to ensure they... read more


By Restaurant Practice Leaders | June 14, 2016

Event Recap: BDO Restaurant CFO Bootcamp

Our semi-annual BDO Restaurant CFO Bootcamp was held in Chicago at the end of May. Finance accounting professionals in the restaurant industry spent three days immersed in hot topics and trends in the industry. read more