Lucky 2021: New Years’ celebrations are at hand and it is time to wish all our staff, clients, friends, and associates a very Happy and Lucky 2021. 2021 is a time for hope and a time for change. This is the year when everything turns around. At least we at Gavrilov & Co. hope so….
Category Archives: Uncategorized
09
Jul
Jul
Cash Based Vs. Accrual Based Accounting–Which is best for your business? That’s our question of the week. Cash-Based and Accrual-Based Accounting are the two major divisions of accounting methods. Businesses utilize one of these two types of accounting methods to record and report financial transactions. Cash Based Vs. Accrual Based Accounting: The “You Asked for…
05
Jul
Jul
Medical professionals like doctors, physician’s assistants, nurses, dentists, chiropractors and technicians: Attention! This blog is especially for you. In fact, we think you will profit from our entire upcoming series of blogs which highlight our skills as medical tax accountants. Gavrilov & Co is dedicated to helping our Covid-19 healthcare heroes with their financial and…
19
Sep
Sep
New Federal Tax Laws are mandating significant tax breaks to people who invest in real estate trusts, or REITs as they are called. You might want to know more about those new federal tax breaks. A Little Background We are beginning to lose a generation. Not a day goes by without us hearing about the…
28
Aug
Aug
Labor Day 2019 is a big holiday that comes between July 4 and Thanksgiving. Once again it’s time to mark the end of summer. We would be remiss if we did not wish you a Happy upcoming Labor Day weekend. We send a “shout-out” to the 162 million American workers who comprise America’s workforce. You,…
22
Jul
Jul
Calculating cost of food: It is a fact – Food cost will make or break your restaurant. Therefore, we are bringing you a special feature about food calculations per dish, in this blog article. In our recent blog, Recipe for Success, we shared the meaning of COGS, or Cost of Goods Sold. You understood the…
16
Jun
Jun
Fathers Day is the one day of the year that celebrates honor to all the father figures who have blessed our lives. It’s a day packed with gifts, surprises and special meals for Dads all over America. Our question about Fathers Day is statistical: Why is it only one day? Gavrilov & Co hereby declares…
Food Costs Formula: How to Calculate Restaurant Food Cost Percentage If you’re a restaurateur, then you know the drudgery that goes into the day-to-day operations. Your margins are thin. Your staff is recalcitrant. That important delivery never showed up. You know how it is. When it comes to maintaining profitability, the time it takes to…
04
Jun
Jun
Restaurant Accounting is as essential to the success of your restaurant as protein is to any chef’s entre. And just as chefs value fine ingredients, savvy restaurateurs value some special ingredients in restaurant accounting. Searching for the Sweet Taste of Success Perhaps you recently began a restaurant enterprise in NYC. If so, we hope you…
21
May
May
Ethical Artificial Intelligence is here. And it’s here to help. In our previous Blog, we introduced Artificial Intelligence as a hot topic in business and industry. AI will certainly affect the accounting of every business. Thus we bring you Part II of our series of blogs on Artificial Intelligence. Ethical Artificial Intelligence: “Hello, This is…
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