The Counter: How Did Your Restaurant Fare?

Many taxpayers in the restaurant industry may not be aware that they may qualify for a significant tax deduction available under section 199. Fully phased in for tax years beginning in 2010 and thereafter, section 199 provides a permanent tax deduction (the “domestic...

Brewpubs, like other business op­erations, need strong internal controls to monitor and maintain the quality of goods and services, maximize profits, and increase the likeli­hood that fraud or theft will be discovered, addressed, and mitigated.

There are many misconceptions that lead to tax reporting errors in the restaurant business. We often receive questions or overhear comments from restaurant owners, operators and CFOs about practices that seem normal, but often lead to reporting inaccuracies. Keep reading to...

Is your company leaving money on the table? Do you know everything about what your business partner is doing and how they are doing it? Anytime there is a contract between two parties that requires some form of self-reporting and payment, underreporting can occur.

With the takeout and delivery market estimated at $70 billion, according to TechCrunch, it’s no wonder restaurants of all types—from QSR to full service—are joining the delivery bandwagon.

Our semi-annual BDO Restaurant CFO Bootcamp was held in Chicago at the end of May. Finance accounting professionals in the restaurant industry spent three days immersed in hot topics and trends in the industry.