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Real Estate Improvements Tax Deduction Strategies For 2024
As the extended tax filing period for the 2023 tax year comes to a close, it is time to start planning for the 2024 tax year. For property owners who […]
Tax-Savvy Real Estate Planning for Restaurant, Business Owners
Investing in real estate, especially within the restaurant sector, can be a strategic move with several potential tax benefits. Many business owners also own real property from which they operate. […]
Senate Fails To Advance The Tax Relief for American Families and Workers Act
After months of waiting, the Senate had a procedural vote yesterday, Thursday, August 1st, to seek to limit debate on modifications to the House version of the bill but failed […]
Don’t Be Caught Off Guard By Deferred Revenues
Despite the fact that most restaurant operators have fairly straightforward revenue recognition as a point-of-sale business, deferred revenues can often catch a restaurant operator and franchisors off guard. While Generally […]
Proposed Tax Law Changes And Impact To Restaurants
On Tuesday, January 16th, Congress introduced a bipartisan tax framework that would modify and extend a handful of tax provisions that would significantly impact restaurants. Below are some key highlights […]
Is A Cost Segregation Study Your Restaurant’s Next Tax Savings Opportunity?
Cost segregation studies have been around for many years, yet many in the restaurant industry are unfamiliar. Cost segregation studies allow taxpayers with significant capital expenditures toward their facilities to […]