By Giselle El Biri | January 24, 2017

Impairment of Long-Lived Assets: GAAP and Tax Treatment

As restaurant operators well know, things do not always go as planned. For instance, areas where restaurants are operating can become saturated with competition, demographics and target audiences can evolve, or management’s plans may simply change, resulting in a decision to close a location. Under generally accepted accounting principles (GAAP), these situations each represent examples of triggering events which require the performance of an asset impairment test.

By Dr. Tami Bolder | November 29, 2016

Guidance on IRS Section 2704

By Adam Berebitsky | November 23, 2016

New Overtime Rule Suspended

On November 22, a Texas federal judge issued a nationwide temporary injunction, blocking for now the U.S. Department of Labor’s implementation of its new minimum salary requirement that was scheduled to take effect on Dec. 1, 2016. The new regulation was set to roughly double...

By Restaurant Practice Leaders | November 14, 2016

2016 Year in Review: Tax Planning for Restaurants

As 2016 comes to an end, taxpayers need to be proactive in year-end tax planning. The Protecting Americans from Tax Hikes Act of 2015 (PATH Act), was signed into law in December 2015 and made many changes that are effective with 2016 tax returns.

By Vince Stasiulewicz | November 03, 2016

The Effect of Change in Control Transactions on Financial Reporting

M&A activity reached record levels in 2015 with deal volume reaching $4.9 trillion—and the momentum shows no signs of slowing. Within the restaurant industry, it seems much of this M&A activity is driven by the market’s saturation and private equity investors turning their...

By Restaurant Practice Leaders | October 26, 2016

Part 2: Nine Questions Brewery Owners Should Ask Their CPAs

In the first installment of this series, Dirk covered five questions brewery owners should ask their CPAs in an effort to improve their business operations and find opportunities for savings. Continue reading as Dirk discusses the final four questions.

By Vince Stasiulewicz | October 20, 2016

BDO Restaurant CFO Bootcamp Event Recap

From September 21 to 23, Las Vegas played host to BDO's Restaurant CFO bootcamp. The three-day event catered to industry professionals including independents, franchisees, franchisors and more. Throughout those three days, key issues and trends were discussed among industry...

By Giselle El Biri | October 17, 2016

Variable Interest Entities – Guidance on ASU 2015-02: Part 2

Last week, we started exploring how the FASB’s revised guidance for variable interest entities (VIEs), ASU 2015-02, can impact restaurant businesses. In today’s post, we round out our discussion with more details about how this guidance specifically affects limited...