posts tagged as Business Tax


By Lisa Haffer | November 14, 2016

2016 Year in Review: Tax Planning for Restaurants

As 2016 comes to an end, taxpayers need to be proactive in year-end tax planning. The Protecting Americans from Tax Hikes Act of 2015 (PATH Act), was signed into law in December 2015 and made many changes that are effective with 2016 tax... read more


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... read more


By Lisa Haffer | March 24, 2016

IRS Releases Publication 5125 Setting Forth the Exam Process for Large Cases

In late February, the IRS made available a new Publication 5125, Large Business & International (LB&I) Examination Process, which is effective beginning May 1, 2016. read more


By Lisa Haffer | January 06, 2016

LB&I Reorganization Plans Revealed

The IRS’s Large Business & International (LB&I) Division, which covers corporations, S corporations and partnerships with assets greater than $10 million, recently announced that it would be implementing significant... read more


By Jeff Tubaugh | December 21, 2015

Beneficial Tax Extenders Act Signed into Law

On December 18, President Obama signed into law the Protecting Americans from Tax Hikes Act (PATH).   read more


By Lisa Haffer | July 09, 2015

Changes at the IRS - What You Need to Know

At last month’s National Restaurant Association Tax and Finance Executive Study Group Meeting, much was discussed around changes at the IRS and the current status of the agency’s... read more


By Lisa Haffer | March 05, 2015

Small Restaurants Get Relief from IRS in Adopting Final Tangible Property Regulations

Recently, the IRS released final regulations dealing with repair and capitalization of tangible property under IRC Sec. 162(a) and 263(a) and regulations relating to dispositions under IRC Sec. 168... read more


By Restaurant Practice Leaders | February 24, 2015

Keep Your Restaurant Safe from Tax Scams

Although taxpayers are always susceptible to tax scams and schemes, this type of illegal activity seems to increase during tax filing season. read more


By Lisa Haffer | February 18, 2015

Are There R&D Tax Credit Opportunities in the Restaurant Industry?

If you own a restaurant, there may be potential research and development (R&D) tax credit opportunities available to you read more


By Restaurant Practice Leaders | December 23, 2014

5 Extended Tax Breaks that Benefits Restaurants

On Friday, President Barack Obama signed the Tax Increase Prevention Act of 2014 into law – which includes several tax breaks that had expired at the end of 2013. read more