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Year-End Tax Planning Strategies For Restaurants

 

Although there have been few changes in tax law for the 2023 tax year, several strategies can be implemented to help reduce tax liabilities as we approach the end of the year. Navigate these tax complexities with strategic insights for restaurant owners and operators as we explore technical considerations like accelerated depreciation, pass-through entity taxes, interest expense limitations, the potential tip credit elimination, and employment credits. Tax planning is essential for restaurants looking to optimize cash flow while minimizing long-term tax liability. Connect early with our tax advisors for in-depth guidance on these year-end tax-saving strategies.

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Empower Hour:
Chef BJ Liberman

 

Dive into culinary brilliance with Chef BJ Lieberman, James Beard Award semifinalist in our most recent podcast. Discover his journey from Chapman's Eat Market to Ginger Rabbit Jazz Lounge and Hireath live-fire.

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Multistate Real Estate Valuation Appeals

 

With restaurants operating on razor-thin margins, property tax savings through successful valuation appeals can be the difference in creating a profitable year. Now is the time to take advantage of this opportunity.

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Accounting For
Gift Cards

 

When it comes to restaurant entities, the holiday season is a time for bustling gift card sales and various promotions. Is your restaurant prepared to accurately account for gift card sales/redemptions? 

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Restaurant MasterClass Recording:
Unveiling Data-Driven Insights For Success

 

Unlock the secrets to restaurant success! Tune into our recent webinar, Restaurant MasterClass: Unveiling Data-Driven Insights for Success, where GBQ and BDO industry experts share practical advice on KPIs, variance analysis, data-driven decisions, and more. 

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Dustin Minton

Director,
Restaurant Services

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Kaz Unalan

Director, Tax & Business Advisory Services

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Ryan Kilpatrick

Director, Tax & Business Advisory Services 

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Kari Maue

Director, Assurance & Business Advisory Services 

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