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Q: What's the industry standard commission rate for event and banquet sales in a private restaurant?
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How do you set up banquet budget?

Cost for this Must include everything associated with the banquet. This includes items or services that are not paid for but in the event of having to reconcile changes to any of the banquet process it will allow you to make sure you are looking at a like for like comparators. Start with venue - cost of the venue even if its in your place of work - Consider the holding capacity at maximum seated. Identify costs of furniture if its not in the venue hire, some places will hire in specific table and chair types for the banquet. Identify if the furniture is to be covered, this includes the tables AND seating. Is there a requirement or potential requirement for additional fixtures i.e. table dress, lectern's, Costs of hiring external caterers and internal. Some venues are more expensive to use their in-house facilities so identity average prices structure Then its the actual food costs - normally provided in a quote per head and will vary from spring summer to fall- winter. By having some actual, accurate process you can determine where you start in setting up the "budget". This will then allow you to have a maximum cost set across the year and will allow you to establish volume for that cost. Next is to identify when you are going to use the banquet. Will it be weekly, monthly quarterly, bi annual or annual. If its monthly (example only) you can set across the year month by month the cost you are prepared to spend for the function and also maximum attendance - Some banquettes will have more events from May to September and a large one on Christmas and New Year for instance. Once you establish "usage" and cost you can start to assemble a budget and you will need to make sure that the facilities used know they are monitored against the forecast v actual spend.


Are food contributions to a charitable organization tax-deductible?

Charitable contributions are deductible only if you itemize deductions on Form 1040, Schedule A. To be deductible, charitable contributions must be made to qualified organizations. Qualified organizations include, but are not limited to, Federal, state, and local governments and organizations organized and operated only for charitable, religious, educational, scientific, or literary purposes, or for the prevention of cruelty to children or animals. Organizations can tell you if they are qualified and if donations to them are deductible. If your contribution entitles you to merchandise, goods, or services, including admission to a charity ball, banquet, theatrical performance, or sporting event, you can deduct only the amount that exceeds the fair market value of the benefit received. For a contribution of $250 or more, you can claim a deduction only if you obtain a written acknowledgment from the qualified organization. You generally can deduct your cash contributions as well as the fair market value of any property you donate to qualified organizations. The fair market value of most household or personal items is generally much less than the price paid when new. You should claim only what the item would sell for at a garage sale, a flea market, or a second hand or thrift store. You must fill out Form 8283 Section A, if your total deduction for all noncash contributions is more than $500. If you make a contribution of noncash property worth more than $5,000, generally an appraisal must be done. In that case, you must also fill out Form 8283 Section B. Attach Form 8283 to your return.


Related questions

How do you put the word banquet in a sentence?

A banquet is a feast. Here are some sentences.The banquet featured foods from many nations.Our church group had a formal banquet to welcome the new minister.We had a seven course banquet at the restaurant.


What is the meaning of THE BEO in quality STANDARD?

Banquet Event Order


Where is a good place to have a reception banquet?

I used to play softball myself and we would always have our banquets at a local restaurant that had large private rooms. It is always best for a banquet to have good food and good guests and a large local restaurant offers both of these accommodations.


What does the acronym BEO stand for?

If its in the food service industry then its banquet event order!


What banquet halls are offered in Newark, NJ?

Banquet Halls in Newark, NJ are: Washington Square Conference Center, Don Pepe Restaurant, Spring Hill Suites Newark Liberty International Airport. For more banquet halls in Newark please visit www.eventective.com


What kinds of places will rent a banquet hall?

The most common place to rent a banquet hall is usually a upper class restaurant or hotel.


What is the difference between banquet service and restaurant service?

Banquets: Banquet means formal ceremonial feasts, which involves a luxurious management and lavish expenditure. This outlet is usually the largest revenue-earning outlet in the food and beverage service department. It serves food and beverage for a gathering of people at special functions such as weddings, parties, receptions, cocktail dinners, seminars, conferences, meetings, etc. Restaurant: This is the regular restaurant of a hotel food is served. In high class hotel they are also known as Fine Dining Restaurant. Service in a fine dining restaurant are formal and stylish. Depending on the size and service a hotel may have several restaurant specialized for different type of food and service.


1 What is the difference between banquet service and restaurant service?

Banquets: Banquet means formal ceremonial feasts, which involves a luxurious management and lavish expenditure. This outlet is usually the largest revenue-earning outlet in the food and beverage service department. It serves food and beverage for a gathering of people at special functions such as weddings, parties, receptions, cocktail dinners, seminars, conferences, meetings, etc. Restaurant: This is the regular restaurant of a hotel food is served.


Where would I find banqueting furniture?

You can check with your local restaurant depot. You can also contact banquet halls to see if they rent such items.


If everyone else is finished is it proper to eat from the serving bowl at the dinner table?

If you are at home with your close family then yes. Definitely not at a restaurant or a banquet.


Where can you find used banquet chairs?

I would suggest looking on line for restaurant suppliers. Many of the offer used restaurant equipment, such as chairs, at a reduced price. Another good place to inquire is at local antique markets.


What services are offered by Chandamama?

There are many services offered by Chandamama. Chandamama is a restaurant and banquet hall that one could use for events such as after parties and wedding dinners.