Tariffs In Focus: Strategic Accounting For Restaurants In A Global Economy
Tariffs on imported goods are an increasingly relevant cost consideration for restaurants. From specialty food imports to commercial kitchen equipment and construction materials, tariffs can materially affect a restaurant's financial performance and long-term capital planning. Keep reading to learn more about the proper accounting treatment of these costs and their implications for strategic decisions and asset impairment.
The House voted to approve the Senate version of the budget resolution last month, crystallizing the framework Republicans hope to use to enact a massive tax package through the reconciliation process this year. The passage is considered to be a major victory for Republicans and a big step toward tax legislation, but key hurdles remain.
The Lease Puzzle: Accounting For TIA Not Paid Upfront
As you enter into leases for new restaurant spaces, a common lease incentive you will encounter is the tenant improvement allowance — a provision in which the landlord agrees to reimburse the tenant for all or a portion of the costs incurred to customize or build out the leased space to meet the tenant’s specific operational needs.
Navigating Tax & Regulatory Changes For Restaurants
The Ohio Restaurant and Hospitality Alliance (ORHA) Government Affairs Committee recently brought together industry leaders to discuss critical issues facing restaurant owners. Keep reading for valuable insights into the expiring and non-expiring provisions of the Tax Cuts and Jobs Act of 2017 and emerging regulatory challenges.
As food and beverage costs continue to challenge profitability, staying ahead requires smart strategies and industry insights.
Empower your growth by joining our panel of industry experts representing food distribution, technology, and restaurant operations to discuss key factors impacting your bottom line, including:
Maintaining price transparency in a tariff-related business environment
Managing distributor relationships and evaluating alternative products and supplies
Menu re-engineering strategies
Forecasting the future impact of tariffs on food costs
Best practices to control costs and maximize efficiency
Cutting-edge software solutions to manage inventory and cost management
Managing third-party delivery costs for better margins
Click on the button below to register for the webinar and to learn more about our panel of experts.
Our address is 230 West Street, Suite 700, Columbus, OH 43215
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GBQ Partners LLC, 230 West Street, Suite 700, Columbus, OH 43215, 614-221-1120
