posts tagged as Business Tax

On April 17, 2021, the SBA released a program guide and a sample application form for the Restaurant Revitalization Fund (RRF) authorized under the American Rescue Plan Act (ARPA). Although the SBA hasn’t announced when they will start... read more

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... read more

For restaurants making sales across state and local jurisdictional lines, the correct amount of sales tax and who is responsible for collecting it have become more complex. Many state and local taxing jurisdictions have not released... read more

Restaurants built in Opportunity Zones can help vitalize underserved communities and attract local talent while offering its owners a highly valued tax incentive. But what should potential investors keep in mind when evaluating the... read more

Lack of clarity around the tax treatment of Qualified Improvement Property (QIP) under the Tax Cuts and Jobs Act (TCJA) may result in higher than expected tax bills for restaurants that made renovations and improvements during 2018. ... read more

As the year comes to a close, restaurants can optimize their year-end tax planning with these ten items. read more

Established by the Tax Cuts and Jobs Act, the new limitations on business interest deduction may affect restaurants’ taxable income. read more

On December 22, 2017, the conference version of the tax reform bill was signed into law, marking the largest change to U.S. tax policy in decades. With most of the provisions set to go into effect in 2018, it’s important that the... read more

The restaurant industry was hit hard by Hurricanes Harvey, Irma and Maria. Certain employers that were rendered inoperable and are located in a federally-declared disaster zone may be eligible to claim an employee retention credit. read more

Late last week the House of Representatives unveiled a first draft of the long-awaited tax reform bill, the Tax Cuts and Jobs Act (TCJA). In the legislation’s current state, the repeal or rollback of several key credits and incentives... read more