An article by Marky Moore, LEEP AP, CSBA, CEO Capital Review Group
Restaurant owners face unique challenges, especially in today’s economy. As consumers tighten their belts and cut back on their entertainment budgets, it’s imperative for restaurants to operate with the most effective business strategies in place. The good news is that restaurant owners can take advantage of targeted tax and energy strategies that can significantly increase operating cash flow and generate a substantial ROI, as well as funding renovations and energy efficiency projects through a significantly lowered tax burden. Understanding the tax opportunities that are currently available will allow you to develop a comprehensive plan for improvements that makes financial sense and allows you to keep your restaurant property up-to-date and maintain a competitive edge.