posts tagged as FMV

By Lisa Haffer | April 05, 2016

Favorable Changes Made to Charitable Deductions for Contributions of Food Inventory for Restaurants

Last December, Congress passed and the President signed into law the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). The PATH Act makes permanent several temporary tax provisions commonly known as extenders. read more

By Restaurant Practice Leaders | April 30, 2015

Improving Financial Practices for Long-Term Sustainability

A well-managed restaurant doesn’t always guarantee a sound business strategy, but approaching restaurant management with a focus on facts, figures and the future can help in achieving... read more

By Lisa Haffer | March 18, 2015

Buildings May Be Depreciated Prior to Being Open for Business

A recent district court case in Louisiana addressed whether a building can be considered “placed in service” before it is even open for business. Retailers and restaurants should pay attention, as depreciation can be impacted... read more

By Restaurant Practice Leaders | February 04, 2014

FASB Issues Final Standards Related to the Private Company Accounting for Goodwill and Interest Rate Swaps

On Jan. 16, 2014, FASB issued two Accounting Standards Updates (ASUs) which provide accounting alternatives within U.S. generally accepted accounting principles (GAAP) for private companies.... read more