By Restaurant Practice Leaders | February 28, 2017

Incentive Programs for Restaurateurs: Part 1

There are a number of ways to incentivize key employees at any restaurant operation. Over the course of this three-part blog post series, we will cover some of the incentive vehicles and plans used by restaurateurs starting with short-term incentives.

By Dennis Hoyt | January 26, 2017

Treasury Considerations for the Restaurant Industry

Earlier in January, Dennis Hoyt sat down with several of BDOs Restaurant clients to discuss key treasury considerations for areas including controls, vendor services and financing. In our most recent blog post, he summarizes the main takeaways and need-to-know information from...

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 managements plans may simply change, resulting in a decision to...

By Kari Maue | January 09, 2017

Income Tax Basis of Accounting vs. GAAP

Once again, its time for annual financial statements to be compiled, reviewed, or audited and presented to comply with bank covenants. Banks and investors generally require year-end financials to be in accordance with generally accepted accounting principles (GAAP).

By Dustin Minton | January 05, 2017

Tis The Season for Gift Card Redemption Are You Properly Accounting for Them?

For many restaurants, the holiday season brings a bustle of promotions, parties and gift card sales. Now that the holidays are over and gift cards will soon be spent, if they havent already, restaurants must be sure theyre accounting for these gift cards properly.

By Dustin Minton | December 12, 2016

The Counter: How Did Your Restaurant Fare?

Each quarter, we analyze operating results of publicly traded restaurants to reveal timely benchmarking information for the industry. The Q3 2016 edition of BDOs The Counter is now live and available for download.

By Dr. Tami Bolder | November 29, 2016

Proposed Regulations May Limit Discounts on Family Transfers – Guidance on IRS Section 2704

Time may be running out for restaurant owners to take discounts on transfers to family members. On August 2, 2016, the Department of the Treasury issued proposed regulations under IRC Section 2704 in response to perceived abuses in the use of valuation discounts. Currently...