Insights

Blog

What Does the Restaurants Revitalization Fund Mean for Restaurant Operators?

On March 11, 2021, President Joe Biden signed into law the American Rescue Plan. This stimulus... more
March 23, 2021
Blog

Maryland’s Pass-through Entity Tax Election: Is There a Benefit for Restaurants, Hotels, Distributors and Retailers?

Recent IRS and Maryland publications have provided additional guidance and clarification on... more
January 22, 2021
Blog

New COVID-19 Economic Relief Bill Creates Opportunities for Restaurants, Hotels, Distributors, and Retailers

On December 27, 2020, the Consolidated Appropriations Act of 2021 (Act) was signed into law. This... more
January 14, 2021
Blog

Tax Impacts of the Consolidated Appropriations Act

On December 27, 2020, Congress signed into law the Consolidated Appropriations Act, 2021 (the... more
January 13, 2021
Blog

CARES Act Enhances Ability to Claim Charitable Deductions for Donated Food Inventory

With the Coronavirus Aid, Relief, and Economic Security (CARES) Act being signed into law on March... more
December 2, 2020
Blog

What Could Biden’s Proposed Tax Plan Mean for the Hospitality Industry and Its Operators?

With former Vice President Joe Biden now considered to be the President-Elect, there are rumors of... more
November 16, 2020
Blog

IRS Liens Away From Many Repayment Requirements to Ease Taxpayers’ Burden During COVID-19 Pandemic

On Monday, November 2, the IRS announced a new initiative to help taxpayers who owe taxes to the... more
November 5, 2020
Blog

COVID-19 Pandemic Impact on Debt Modifications

The coronavirus (COVID-19) is an ongoing, pandemic disease which the World Health... more
Blog

PPP Update: SBA Releases Additional Guidance on Owner-Employee Compensation and Rental Costs

On August, 24, 2020, The U.S. Small Business Administration released Interim Final Rule (IFR) on... more
Blog

PPP Loan Forgiveness Updates: Future Planning Restaurant and Hotel Owners Should Pay Attention To

On June 5, 2020, the Paycheck Protection Flexibility Act of 2020 was signed into law which provided... more
July 27, 2020
Blog

Paycheck Protection Program (PPP) – By the Numbers

You’ve no doubt heard of them – the “PPP loans”, a key provision of one of the largest... more
July 14, 2020
Blog

What Can Business Owners Do Now to Prepare for a COVID-19 Business Interruption Claim?

Though many businesses are reopening, generally in a limited capacity, most are not back to their... more
June 29, 2020