Archive: dc hospitality

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What Does the Passing of D.C. Initiative 77 Mean for Restaurant Owners?

On June 19, 2018, also known as D.C. Primary Day, D.C. residents voted in favor of Initiative 77, which will require D.C. business owners to gradually increase pay so all workers will earn at least $15 per hour by July 2020. Initiative 77 will also change the way restaurants owners pay their tipped workers, as […]
August 6, 2018

Hotel and Restaurant Owners: Renovations Equal Tax Depreciation Deductions

As 2017’s tax year begins to wind down, hotel and restaurant owners will be able to take advantage of a variety of tax depreciation incentives. These tax deductions can be substantial if a hotel and restaurant owner purchases a high quantity of fixed assets, or if a major buildout or refurbishment project for their property is […]
November 22, 2017