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tax credit

Year-End Tax Planning Tips for Restaurants

Owning and operating a restaurant can have significant perks, with a side of complexities. Mainly, understanding and forecasting taxes for restaurants, which can cause headaches among other responsibilities. Proactive tax planning is a must and should be completed prior to 12/31 of the calendar year to identify opportunities. Tax rules often change; best practice recommends business owners should understand the rules as stated currently, while being aware of potential future changes.

Top Five Tax Considerations for Car Wash Owners

By Jeff Brooks, CPA, CGMA | Principal | Car Wash Leader Ongoing staffing, market changes, traffic studies, equipment maintenance, technology upgrades, and customer relationships – these are just some of the many topics top-of-mind for car wash owners. Adding tax planning and preparation to the mix, including navigating the changes brought on by Tax Reform, …

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Table for Two – Tax Updates for Restaurant Owners

By Kristy Angerstien | Supervisor, Tax While it seems more cooking shows are appearing on cable and streaming services, studies show Americans are still preferring to eat outside their home. A 2017 report stated the average household spends $3,008 per year on eating out. The benefits for restaurant diners are endless: convivence, fast, no mess, …

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R&D Tax Credit Refresher

The Tax Cuts and Jobs Act (aka “Tax Reform”) is projected to save manufacturers about $261 billion over the next 10 years according to a report from the Penn Wharton Budget Model. More cash in the pockets of owners and operators means more investment in equipment and workforce. While the Tax Cuts and Jobs Act …

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