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Build Back Better Act Passed By The House
On Friday, November 19th, the U.S. House of Representatives passed H.R. 5376, the Build Back Better Act (BBBA), a $1.75 trillion spending, social policy, and climate change bill. After months […]
Build Back Better Act: What Restaurateurs Should Know
On October 28, 2021, President Joe Biden released the $1.75 trillion Build Back Better Act. This is the most current proposal released by the President to combat climate change, extend […]
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 […]
Navigating The Deductibility Of (Potential) Personal Expenses
The recent indictment of Allen Weisselberg, CFO of the Trump Organization, has shed light on a common, albeit potentially serious, practice among business owners: the deduction of personal expenses of […]
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 […]
Child Tax Credit Payments to Begin on 7/15
The American Rescue Plan Act (ARPA) was signed into law on March 11, 2021. Among its many provisions were three significant changes to the Child Tax Credit (CTC) for 2021: […]