Employee Shift Meals Remain 100% Deductible for Tax Purposes

With severe penalties for noncompliance, the GDPR requires that restaurants take a holistic approach to data privacy governance.

This summer, the U.S. Supreme Court created a watershed moment in state taxation with its decision in South Dakota v. Wayfair. Today, restaurants can alter their state and local tax processes to comply with the decision’s new economic nexus standard. Read the latest Selections...

ASC Topic 606 requires franchisors adjust their presentation of advertising fund dollars received and expended.

How does your businesses’ same-store sales compare to the restaurant industry’s overall growth through Q2? As our new Selections post reveals, strong consumer spending helped boost many brands’ sales, although this growth wasn’t necessarily evenly distributed.

Restaurants can capitalize expenses associated with the development or adoption of internal use software through three deduction methods.

Private restaurants can prepare now for the new revenue recognition standard’s impact on accounting for gift card breakage, loyalty programs and more.