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As the restaurant industry is one of the largest industries in the country, there are
many issues that are constantly arising and changing. But which ones are directly
affecting your restaurant, your area, and your business?
Our Industry Articles & Hot Topics section of the Restaurant Resource Center seeks to
answer questions you may have about changing legislation, upcoming opportunities, and
consumer trends. With the help of other industry professionals who contribute articles
in their particular areas, we stay abreast of current issues and keep you informed. |
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The Timing of Tax Losses on Closed Restaurant Units Author: Tracy J. Power
| | Taxpayers overlook the potential entitlement to a corresponding tax loss deduction at the time when permanently withdrawn from operation, mistakenly believing that a tax loss deduction is not available until the loss is realized upon the actual disposal of the sale, exchange, or otherwise. |  Full News Article
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| PREVIOUS ARTICLES |
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| Legislative and Legal Issues |
| August 1, 2005 -
California Follows Federal Law on Partial-Day Absences |
| November 4, 2005 -
Business Meal Deductibility |
| July 1, 2005 -
Restaurant Depreciation |
| October 4, 2005 -
Minimum Wage Increase Vetoed |
| August 18, 2005 -
Meal And Rest Periods: What You Need To Know |
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| Operational |
| October 22, 2007 -
Tax Trap on Gift Card Sales: Are you picking up income at the right time? |
| July 28, 2006, IR-2006-118 -
IRS Announces New Tip Reporting Program |
| August 28, 2006 -
Have You Received an Increase In Visa/MasterCard Charges? |
| October 25, 2005 -
The ABCs of Watching Out For Employee Theft |
| September 2002 -
Keeping Control – Weekly Profit & Loss Reports |
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| Tax Compliance |
| June 25, 2005 -
Smallwares Treatment Rev Proc 2002-12 |
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| Tax Strategies |
| June 21, 2007 -
FICA Tip Credit No Longer Limited by AMT |
| November 3, 2006 -
Increased Deductions for Food Donations through The Katrina Relief Act: A new opportunity for businesses to substantially increase charitable deductions |
| December 6, 2005 -
Tax Credits & Other Related Tax Benefits |
| August 21, 2005 -
Strategies To Increase Your Bottom Line & Other Hot Topics |
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