By Restaurant Practice Leaders | September 14, 2016

The Counter: How Did Your Restaurant Fare?

Each quarter, we take a look at publicly traded restaurant companies’ operating results to provide insightful benchmarking information. In this issue of The Counter (previously known as quarterly Benchmarking Updates), we look at the first half of 2016—and introduce a new look.

By Dirk Ahlbeck | October 03, 2016

Nine Questions Brewery Owners Should Ask Their CPAs: Part 1

Do you own a brewery and have a question that you think may be outside of your CPA’s scope of knowledge? Do yourself a favor and just ask! From research and development (R&D) to trademarking advice, your CPA can provide insights into some tricky financial scenarios and help...

By Giselle El Biri | September 19, 2016

Variable Interest Entities – Guidance on ASU 2015-02: Part 1

The variable interest entity (VIE) rules continue to be a hot topic for restaurants. Many times, a restaurant may set up separate legal entities for various purposes, such as a real estate entity that owns the restaurant facility or a separate entity to operate a commissary...

By Restaurant Practice Leaders | September 02, 2016

R&D for IPAs: Tax Breaks for Brewpubs

Over the past few years, it has become clear that craft beer is trending in the fast casual scene. While most fast casuals are stocking and selling, brewing their own is just around the corner. Owning and operating a brewery can be an expensive business, from the cost of...

By Restaurant Practice Leaders | August 22, 2016

Should Your Restaurant Outsource Accounting Functions?

Standardizing and simplifying finance and accounting processes is an essential characteristic of a well-run organization. Whether the accounting function is in-house, co-sourced, or outsourced, it’s key for restaurants to ensure they have strong process components, creating a...

By Restaurant Practice Leaders | August 17, 2016

Oracle MICROS Data Breach Compromises Restaurants’ Point-of-Sale Systems

Last week, Oracle confirmed a data breach on its MICROS point-of-sale systems, which are used by restaurants throughout the quick serve and fast casual industry, including 8 of the top 10 quick serve restaurants.

By Restaurant Practice Leaders | August 10, 2016

The Domestic Production Activities Deduction: An Untapped Savings Opportunity for Restaurants?

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...

By Dirk Ahlbeck | August 01, 2016

Protecting Your Brewpub Business from Fraud

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.

By Jeff Tubaugh | July 19, 2016

Minimize Tax Reporting Errors by Avoiding These Common Myths

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...