posts tagged as Tax

By Jeff Tubaugh | May 29, 2020

New Bill Introduces Favorable PPP Changes for Restaurants

In what is considered a tremendous victory for the restaurant industry, the House voted 417-1 on May 28, 2020 to pass a stand-alone, bipartisan Paycheck Protection Program Flexibility bill(H.R.7010),whichwouldallow morebusinesses to... read more

Deep Dive: PPP Loan Forgiveness Guidance

In last week’s blog, we took a first look at the Paycheck Protection Program (PPP) loan forgiveness application. This week’s blog will take a deep dive into aspects of the interim final rule that will be of interest to the restaurant... read more

By Jeff Tubaugh | May 21, 2020

New Bill Serves Up Additional Opportunity for the Restaurant Industry

In what would be a tremendous victory for the restaurant industry, the House is expected to vote next week on a stand-alone, bipartisan Paycheck Protection Program bill. read more

First Look: PPP Loan Forgiveness Application

On Friday, May 15, 2020, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. Concurrent with the application’s release, the Department of the Treasury announced that... read more

How does the CARES Act Help Nonprofits and Higher Education Institutions?

While the programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act are primarily intended to assist businesses, there are many programs nonprofits and higher education institutions can benefit from. As... read more

By Mike Feiszli | February 28, 2020

Restaurants and Third-Party Delivery: Just Add SALT (Complexity)

For restaurants making sales across state and local jurisdictional lines, the correct amount of sales tax and who is responsible for collecting it have become more complex. Many state and local taxing jurisdictions have not released... read more

Special Alert: Congress Repeals Onerous “Parking Tax”

New federal funding legislation cleared Congress and the White House, repealing a provision from the 2017 Tax Cuts and Jobs Act commonly known to nonprofits as the “parking tax.” Is your tax-exempt organization entitled to a refund? read more

One Year After Wayfair: What Nonprofits Need to Know

It’s been over a year since the Supreme Court announced the landmark decision South Dakota v. Wayfair, opening the door for states to require organizations to collect and remit sales tax even if the organization has no in-state physical... read more

By Restaurant Practice Leaders | May 31, 2019

Internships at BDO

BDO internships aren’t about coffee runs, mountains of busy work, or an empty, lonely cubicle. Instead, you’ll have the opportunity to contribute, make genuine connections, and have a real impact on our organization. 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