Redwitz, Inc.

Today we received a special end of year gift from Cristo Rey which touched our hearts. We will leave it on display in the HR lobby to remind us what a great first year we had as a Founding Partner with the Cristo Rey Orange County Corporate Work Study Program. #classof2027

We only have two weeks left of our first year of the Corporate Work Study Program as a Founding Partner with Cristo Rey Orange County and our two Students completed their Worksite Presentations this week. We are so proud of Audrey, she has truly grown so much during her work study here at Redwitz. GREAT JOB, AUDREY!

We are very proud of our Cristo Rey Corporate Work Study Student, Valeria!

We are #hiring! As a reminder to current employees, we have a Referral Program. We are always happy to receive referrals to join our team.

With almost 50 years in the industry, Redwitz knows a thing or two about preparing businesses for tax season. Redwitz CFO Services works directly with your CPA, combining industry experience and our core value of Communication to be sure that Owners, CPAs and the Accounting team are all on the same page.

As Mark Zuckerberg dubbed 2023 the ‘Year of Efficiency” for tech businesses, Fast Food Franchise Owners will also need to track efficiency and profitability metrics across their restaurants in 2024 with the change in CA pay rates.   Some Key Metrics for business owners to plan around during the change are:   - Day Part Sales (morning/lunch/evening) - Does it make sense for us to be open the hours that we are open? - Labor to Sales Ratios (by day part) – Are we staffing appropriate levels? - Gross Margin (25% labor increase will shift DM COGS%) – Are we protecting our margins?   Owners can improve profitability by: - Increasing prices to match target profitability. - Reviewing interest on cash and cashback on card purchases (should be earning 4% on cash 2-3% cashback on credit card purchases). - Extending payables, which increases days of cash on hand. - Reviewing vendor and supplier lists for expense reductions not dictated by franchise agreements.   Contact us to learn how to improve profitability in your business.

Getting Surprised by tax obligations just before due dates is one of the biggest challenges facing business-owners at this time of year. This is where having a strong accounting team shines-through. An accounting team should be coordinating regularly with your CPA to estimate and schedule tax payments, accrue for tax distributions to owners and providing forecasted financials for tax planning BEFORE year-end. This is one of the ways that our CFO services department is making tax-planning painless for business owners. Visit www.redwitz.com to learn more.

At Redwitz, we understand that running a business is a team sport, which is why we’re bringing the team to you! Redwitz provides easy coordination by providing a variety of business needs under a single roof such as Accounting, Tax and Audit and Managed IT to Trust Services and Wealth Management for Owners. Already have a great Service Provider that you love to work with? Redwitz, will work alongside your relationships and become part of your winning team.

Redwitz is fortunate to be part of a foreign exchange program for accountants and auditors initiated by one of our member firms through our affiliation with AGN International. This program allows for an exchange of accounting and audit personnel and is intended to provide education, cultural exchange and staff retention.  The ultimate goal of the program is to enrich and advance the skills of high performing personnel.  We have had a great time hosting two of our colleagues from France over the past two weeks. Mathieu is from Paris and Kristel is from Lyon.  We not only had the opportunity to exchange technical knowledge but we also enjoyed providing experiences which included visits to four of our client locations, attendance at the Newport Beach Economic Forecast luncheon and several lunch and dining opportunities in the Orange County and San Diego areas. We hope that they found their experience to be as enriching and rewarding as we have. 

Happy Human Resource Professionals Day! #humanresourceprofessionalsday