How Tax Reform Will Affect Restaurants
January 15, 2018
On December 22, 2017, the conference version of the tax reform bill was signed into law, marking the largest change to U.S. tax policy in decades.
With most of the provisions set to go into effect in 2018, it’s important that the restaurant industry review the changes that occurred during the conference process to understand the impact to their companies.
What Changes Are Coming For Restaurants?
To help organizations navigate the key provisions affecting restaurants, we’ve summarized top considerations and implications below.
Tackling Tax Reform: Initial Steps Restaurateurs Can Take Now
Tax professionals are busy assessing changes caused by this bill, and are waiting for additional guidance on many key provisions to ensure the overall impact is fully understood. In the interim, here are two tips for restaurants to consider to begin tackling tax reform:
Please look for future communications from Smith and Howard’s tax group on additional details of the new tax bill. Keep in mind that it is important to speak with your tax professional before taking any action. If you have any questions about how the new tax bill can affect your restaurant, contact Mark Abrams at 404-874-6244 or fill out the form below.
If you have any questions and would like to connect with a team member please call 404-874-6244 or contact an advisor below.CONTACT AN ADVISOR
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