Table Talk: Year-End Tax Planning Tips, Property Tax Appeals, Industry Webinars

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Year-End Tax Planning Tips For Restaurants

2020 will undoubtedly go down in history as being one of the most challenging and uncertain years for several restaurants, considering COVID-19-related restrictions and closures, labor shortages and capacity limits. Fortunately, several pieces of legislation have come out this year providing relief, clarification of guidance and new opportunities to generate additional cash flow to restaurant operators. We're pleased to share key items to consider regarding year-end planning tax strategies, including:

Qualified Improvement Property (QIP) Technical Correction
Net Operating Loss (NOL) Provisions
Lifting of Excess Business Loss
Tax Credits
Paycheck Protection Program (PPP) Tax Implications

To review this guidance in its entirety, visit us online.

Year-End Audit Reminders In A COVID Era

Annual audits do not have to be daunting, and they should not fill you with dread. Preparation is key! We are pleased to provide you with an annual reminder of items to keep on the radar before the annual financial statement audit.

Restaurant Industry Tax Strategies and Year-End Update

Register to join our tax industry experts on December 9th as they review the current year for the industry and provide valuable insight into key tax topics for year-end tax planning strategies and trends for 2021 and beyond.

New Year, New Property Tax Bills: Time To Appeal?

Businesses often receive tax bills, accrue the tax and move on without giving a second thought as to the accuracy of the value or the underlying tax. For insight regarding this crucial yet often overlooked area of tax planning, click here.

Dustin Minton

Director,
Restaurant Services

Kaz Unalan

Director, Tax & Business Advisory Services

Tom Powers

Director of
Assurance Services

Our address is 230 West Street, Suite 700, Columbus, OH 43215

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