posts tagged as tax


By Nonprofit Practice Leaders | July 12, 2022

Sales Tax Savings Opportunity for Restaurant Companies with Locations in Colorado

Colorado has recently renewed a limited time sales tax deduction for restaurants and other similar “qualifying retailers,” which allows eligible retailers to retain and use a portion of their collected state sales tax (equal to the... read more


By Steven Mroczkowski | December 06, 2021

Repayment of Deferred Employer Social Security Taxes

The past 18 months have ushered in immense hardship in the restaurant industry as the nation and the world try to find a new normal in the midst of the COVID-19 pandemic. Historic supply chain disruptions, labor shortages and now... read more


By Nonprofit Practice Leaders | November 11, 2021

Data Shows Nonprofits are Optimistic for 2022: Benchmark Yourself Against Industry Peers

Over the past 18 months, the nonprofit industry has felt an accordion effect of pressures stemming from COVID-19 and its related impacts. Inevitably, there were varied experiences for organizations across sectors, from surges in demand... read more


By Lisa Haffer | August 10, 2021

Victory for Restaurants: IRS Permits Tips to be Treated as Qualifying Wages for the Employee Retention Credit

By now, most restaurant operators are familiar with the Employee Retention Credit (ERC) . As we discussed in a previous blog post, the ERC is a fully refundable payroll tax credit designed to encourage businesses to retain and compensate... read more


By Restaurant Practice Leaders | April 30, 2021

New Restaurant Grant FAQ & Application How-To Guide

Check out the NRA’s updated FAQs and their new step-by step guide to completing the RRF grant application. read more


By Restaurant Practice Leaders | April 20, 2021

New Guide Now Available for the Restaurant Revitalization Fund

On April 17, 2021, the SBA released a program guide and a sample application form for the Restaurant Revitalization Fund (RRF) authorized under the American Rescue Plan Act (ARPA). Although the SBA hasn’t announced when they will start... read more


By Nonprofit Practice Leaders | March 22, 2021

The American Rescue Plan Act and the Restaurant Revitalization Fund - What’s in It for Restaurants

The American Rescue Plan Act of 2021, the $1.9 trillion COVID relief package signed into law by President Joe Biden on March 11, 2021, establishes the Restaurant Revitalization Fund (RRF) and provides for several additional benefits for... read more


By Nonprofit Practice Leaders | February 01, 2021

CARES Act Employee Retention Credits for Nonprofit Employers

Many nonprofits have struggled to stay afloat since the onset of the COVID-19 pandemic. Fortunately, recent legislation offers organizations additional support by retroactively eliminating limitations on—and extending and enhancing—the... read more


By Lisa Haffer | January 11, 2021

Significant Enhancements to the Employee Retention Credit (ERC): Maximizing the ERC in 2020 and 2021

The restaurant industry was one of the earliest casualties of the coronavirus pandemic, with many states and cities imposing mandatory shutdowns as early as March of 2020. Shutdowns were often replaced with social distancing restrictions... read more


By Lisa Haffer | January 05, 2021

New Stimulus Relief: What it Means for the Restaurant Industry

Capping a week filled with uncertainty, President Trump finally signed the Consolidated Appropriations Act, 2021 on Sunday December 27, 2020. The new law, which will be referred to as the “Relief Act” or “Act” throughout this article... read more