posts tagged as Business Tax


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


By Restaurant Practice Leaders | November 12, 2014

15 Tips to Prepare You for Your Next Audit

With another audit season just over the horizon, it is time to start planning so your next audit goes as smoothly as possible. Below is a generally accepted accounting principles... read more


By Lisa Haffer | November 05, 2014

Final Disposition Regulations & Related Accounting Method Changes Issued

This summer, the Department of the Treasury issued final regulations under section 168 covering the disposition of tangible depreciable property. read more


By Giselle El Biri | October 01, 2014

Restaurant Catering Series: Part 3: Tips on Accounting for Catering

Establishing proper policies and reporting procedures, you can make better decisions on pricing and labor and more easily manage cash flow – giving your catering business a better chance at... read more


By Jeff Tubaugh | September 24, 2014

Can a Cost Segregation Study Lower Your Tax Bill?

Like most business owners, you are probably looking for ways to reduce your tax bill – especially with the highest federal tax bracket rate now at 39.6 percent. read more


By Restaurant Practice Leaders | September 10, 2014

An Introduction to Inversion

When Burger King announced their plans to buy Tim Hortons late last month, questions arose about the motives behind the deal read more


By Giselle El Biri | May 28, 2014

Restaurant Catering Series: Part 1

If you’re considering adding catering to your restaurant’s menu of services, there are many issues to consider. In this first post in our Restaurant Catering Series, we look at a few basic... read more


By Restaurant Practice Leaders | February 04, 2014

Why Should I Segregate Pre-Opening Costs?

There are a variety of costs related to opening a new location. Some expenses, such as new kitchen equipment, will be capitalized and depreciated over time. read more


By Restaurant Practice Leaders | January 28, 2014

Interest and Wages During Construction – Capitalize!

There are a variety of costs related to constructing a new location. Some expenses will hit the profit and loss (P&L) as incurred and others will be capitalized and depreciated over time. read more