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Accounting For The Employee Retention Tax Credit
As many companies are taking advantage of the Employee Retention Credit (ERC), questions have been raised as to how the ERC should be accounted for. Because the ERC is not […]
Sales Tax Exemptions Specific To The Food & Beverage Industry
COVID-19 has frustrated the foodservice industry and, as a result, many bars, restaurants, and food manufacturers are trimming their operating costs and overhead to keep their business running. Sales tax […]
Indirect Tax Controversy In The Restaurant Industry
Restaurants, bars, and the foodservice industry overall have certainly been slow to recover from the pandemic-induced revenue shortages of 2020. Keeping both the lights on and people employed have become […]
IRS Issues Favorable Employee Retention Credit Guidance
On August 4, 2021, the IRS released Notice 2021-49 which contained further clarification on several items relating to the Employee Retention Credit (ERC): Tips paid as qualified wages: Notice 2021-49 […]
Restaurants’ Indirect Tax Headache
Successfully operating a restaurant takes grit and passion. We do not need to tell you that it is hard work. Rather than focus on the daily challenges, let’s talk about […]
10 Ingredients To Maximize Your Restaurant’s Employee Retention Credit
As the first quarter of 2021 comes to an end, we look back at what we have learned about the Employee Retention Credit (ERC) since the end of 2020 and […]