Chefs prepare meals for patron at a franchise restaurant

Essential tax topics and considerations for restaurant franchise owners

Franchisors and owners/operators of franchisees have an abundance of complex regulations that affect their business and can ultimately impact growth. Minimizing your tax liability is essential to your business’ ability to prosper in today’s marketplace.

By staying on top of tax issues and their impact on the restaurant industry, as well as changes with the recent Tax Cuts and Jobs Act, (TCJA) you can mitigate potential tax challenges and identify opportunities that will help increase cash flow and maximize your personal wealth.

Read more to get an overview and benefits for the top tax considerations for restaurant franchises, including remodeling and repair costs, section 179 election, bonus depreciation, interest expense, section 199A, cost segregation and work opportunity tax credit.

For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.

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