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
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
Now that you know how commissary kitchens can increase your efficiency and create consistency in the food you serve, it’s time to figure out how to fully capitalize on a commissary kitchen and... read more
Imagine if you could create delicious, masterpiece menu items with the speed and efficiency of assembly line production. Now, stop imagining – because it’s possible when you use the... read more
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
Consistency is an important ingredient for restaurant success. It is what brings people back for more and creates a regular customer base – reputations are built on consistency. read more
The tax treatment of company-paid owner compensation and fringe benefits vary across business entity types. We often find that owners are not compensated properly which can cause issues with... read more
We don’t use a standard “lease vs. buy” model. While financial... read more
Tenant improvement allowances are routinely used in lease negotiations, but certain criteria must be met in order to receive beneficial tax treatment read more
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