New Guide Now Available for the Restaurant Revitalization Fund

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a variety of economic relief measures applicable to the restaurant industry, including the Paycheck Protection Program (PPP) and the Employee Retention Tax Credit (ERTC). Under the CARES Act, businesses...

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, contains a number of provisions that will...

Check out the latest insight from BDO on the New Stimulus Package.

In a blow to the restaurant industry, the IRS issued guidance shortly before Thanksgiving that effectively negates the opportunity to claim a 2020 tax deduction for expenses funded with forgivable PPP loans.

With the 2020 election in the rearview mirror, businesses are looking forward to beginning 2021 with more clarity. Restaurants are particularly keen to understand what new legislative developments may have passed or are on the horizon as they continue to navigate the acute...

On September 30, 2020, the IRS issued final regulations relating to the limitation on tax deductions for meals and entertainment expenses. The regulations confirm that entertainment expenses are not deductible, but leave the door open for partial or full deductibility of meal...