Tax Alert: What Taxes Mean to Your Restaurant
1/31/2011
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“the Act”) and its provisions, when paired with laws already in effect, may prove to have a profound impact on restaurateurs on a multitude of areas, including:
- Depreciation incentives;
- Tax credit incentives, including R&D credits, the Work Opportunity Credit, and energy credits; and
- Other miscellaneous incentives, including FICA adjustments, lease considerations, and internet sales and tax collection.
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To learn more about how the Act may impact your business, please contact your J.H. Cohn engagement partner at 877-704-3500.
Circular 230 Notice: In compliance with U.S. Treasury Regulations, the information included herein (or in any attachment) is not intended or written to be used, and it cannot be used by any taxpayer for the purpose of i) avoiding penalties the IRS and others may impose on the taxpayer or ii) promoting, marketing, or recommending to another party any tax related matters.