Tax Reform and What it Means for Your Personal Taxes President Trump, when he was on the campaign trail, promised that he would push for tax reform legislation. On December 22, 2017, he signed The Tax Cuts and Jobs Act into law, the first major tax reform in 31 years. The new law makes many […]
The Best Recipe for Effective Communication with Elected Officials Recipe: Communicating with elected officials is like a nice charcuterie platter. There are many possible options and if done right the result will be fantastic. Here is the best recipe for effective communication with elected officials. Ingredients: Email Snail mail Telephone In person Patience A calm […]
More sexual harassment claims are filed in the restaurant industry than any other, according to an article in Harvard Business Review, with 90 percent of women and 70 percent of men having reported instances of sexual harassment within the industry. Here at NMRA, we want to provide our members with the tools and information they […]
NMRA members Church’s Chicken and WAND team up to increase sales, manage labor costs, and assist in employee training efforts with digital menu board technology. Read the article here. Download and learn more here.
A few words from NMRA CEO Carol Wight: Why is this 2018 election year important to your restaurant and why you are important to our collective voice? This election year is important because the landscape of our elected officials is drastically changing — think California. Elected officials don’t understand how to manage a bottom line […]
Until you have a firm grasp on your restaurant’s financial statement and balance sheet, it will be all too easy to mistakenly think your business is doing much better than it really is. The 3 Components to Your Restaurant’s Financial Statement Despite its importance, the financial statement for your restaurant in New Mexico is fairly […]
A lot of planning is required to open and operate a successful restaurant. You need to plan the exterior, interior, and overall motif. It goes without saying that you need to plan an incredible menu. However, just as important, you need to conduct thorough financial planning, too. If you don’t project your restaurant’s revenue and […]
The Dish 10/3/18- HR in Your Restaurant, Finding (and Keeping) Good Employees, Liquor Laws and Minimum Wage, Health Insurance, Workforce Housing Survey 9/19/18- Webinar: New Food Safety Regulations, 2018 HIA Winners, September is Natl Food Safety Month, Support Save American Workers Act, 8,000 Restaurants Catch Fire Each Year 9/5/18- September is National Food Safety Month, […]
The New Mexico Gross Receipts Tax (GRT) is a required piece of your operating budget. The gross receipts tax rate varies throughout the state depending on the location of your business. Recent changes to your area may have occurred and will go into effect 7/1/18. Click here to view the tax rate schedule for your area.
If your dream is to operate a successful restaurant in New Mexico, you’ll first need to learn how to create a realistic budget. Far too many restaurateurs have had to find out the hard way that their money is stretched way too thin. At that point, shutting down can seem inevitable. The only defense against […]