posts tagged as Remodel

By Restaurant Practice Leaders | March 05, 2019

Minimizing Tax Liability without QIP Guidance

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

By Clark Schweers | September 21, 2017

Getting Back to Business After a Natural Disaster

As businesses assess the damage and move on following Hurricanes Harvey and Irma, there are several risk management factors to keep in mind after these storms, and to prepare for future events. read more

By Lisa Haffer | November 20, 2015

IRS Releases Remodel Safe Harbor for Restaurants and Retailers

On November 19, 2015, the IRS issued Revenue Procedure 2015-56... read more

By Jeff Tubaugh | November 12, 2015

Tax Planning in an Environment of Unknowns

As we approach the end of 2015, it’s time to consider tax-saving opportunities for your business.  read more

By Lisa Haffer | July 31, 2015

Tangible Property and Disposition Regulations

Restaurants are required to comply with these regulations for tax years beginning on or after January 1, 2014, so we covered the following topics to ensure attendees walked away from the webinar with a basic understanding of the rules... 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 Lisa Haffer | March 18, 2014

Second Accounting Method Change for Repair Regulations Issued

The IRS recently released Rev. Proc. 2014-17, providing guidance for filing change in accounting methods for dispositions of tangible depreciable property.  read more

By Lisa Haffer | February 12, 2014

Additional Guidance on Final Repair Regulations

The IRS has released Rev. Proc. 2014-16, which provides further guidance regarding the final repair regulations issued last September. 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