By Restaurant Practice Leaders | November 08, 2017

Tax Reform’s Potential Impact to Restaurants

Late last week the House of Representatives unveiled a first draft of the long-awaited tax reform bill, the Tax Cuts and Jobs Act (TCJA). In the legislation’s current state, the repeal or rollback of several key credits and incentives could put restaurateurs under pressure, potentially outweighing the benefit of a reduction of their corporate tax rate. While the bill markup and the eventual transition to the Senate side could result in many changes to the legislative language, there are several important provisions for restaurateurs to keep in mind.

By Tanya Erbe | December 11, 2017

Tax Credit Relief In The Wake of Natural Disasters

By Clark Schweers | September 21, 2017

Getting Back to Business After a Natural Disaster

As businesses assess the damage and move on following Hurricanes Harvey and Irma, there are several risk management factors to keep in mind after these storms, and to prepare for future events.

By Restaurant Practice Leaders | September 12, 2017

The Counter: Restaurant Industry Results for Q2 2017

Halfway through 2017, the restaurant industry saw an overall 0.2 percent same-store sales decline through Q2. While oversaturation and industry competition contributed to the dip, evolving revenue streams like technology and third-party delivery services helped buoy some brands.

By Jeff Tubaugh | August 29, 2017

Understanding Tax Profit and Loss Allocation Provisions that PE Investors Bring

When the owners of a restaurant company sell a portion of the equity in their operating partnership to a private equity firm, it signals a period of upcoming growth for their company. While it is exciting for the restaurant owners to bring in this additional funding and...

By Adam Berebitsky | August 14, 2017

Tax Considerations for Restaurants Entering New Markets

Today the average family’s schedule is faster-paced than before. As traditions around the dinner table reflect that change, the restaurant industry is growing at staggering rates. For new restaurant concepts entering the market, it is critical that state and local tax aspects...

By Phil Hofmann | August 04, 2017

DOL Plans to Rescind Tip Pooling Regulations

In late July, the Department of Labor (DOL) announced plans to repeal the 2011 regulations that limited tip pooling under the Fair Labor Standards Act (FLSA), 29 C.F.R. 531.52 (2011).

By Vince Stasiulewicz | August 03, 2017

FASB Accounting Updates and Amendments for Restaurants

The Financial Accounting Standard Board (FASB) has been busy over the past several years making technical corrections and improvements to existing standards and in some cases, creating new standards. The new standards are set to monumentally impact industries across the board,...