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Restaurant Revitalization Fund Reporting Requirements

By Hospitality, Insights

Restaurant Revitalization Fund (RRF) recipients are required to report to the Small Business Administration (SBA) through the application portal, how much of their RRF award has been used on eligible expenses no later than December 31, 2021. The RRF program rules allow recipients to include any eligible expenses incurred beginning on February 15, 2020 through to the date the report is completed.

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Boost Cash Flow with a Cost Segregation Study

By Credits & Incentives, Insights, Tax Planning & Consulting

If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accelerate depreciation deductions, reduce your taxes and boost your cash flow. Even if you invested in real property in previous years, you may still have an opportunity to perform a lookback study and catch up on the deductions you missed.

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Pass-Through Entity Reporting Requirements for 2021 Tax Year

By Business Tax, Insights, Tax Controversy, Tax Planning & Consulting

The IRS has announced several new pass-through entity reporting requirements to be introduced for the 2021 tax year. The new requirements serve to provide greater detail to partners and shareholders of pass-through entities to assist them in preparing their respective tax returns. Most notable of these requirements are the Schedules K-2, K-3 and Section 1061 Worksheet A.

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Southeast Middle-Market M&A Newsletter Q3 2021

By Advisory, Insights, Mergers & Acquisitions

In the Southeast Middle-Market M&A Newsletter for Q3 2021, Bennett Thrasher’s Transaction Advisory Services leaders provide data and highlights for Southeast (Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, South Carolina and Tennessee) middle-market (total transaction value < $USD 500mm) M&A transactions, including volume, value and enterprise value multiples.

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Tax Benefits for Employer-Provided Child Care

By Business Tax, Insights, Tax Planning & Consulting

As it becomes increasingly difficult for companies to find workers in a tight labor market, many employers are looking to boost the corporate benefits offerings available to their employees. One of the most significant benefits that a company can provide to its employees is access to high-quality child care. Employer-provided child care (EPCC) increases employee productivity, promotes loyalty and retention and creates a better workplace environment. In addition to the improvements in these areas, EPCC can also provide businesses and their owners with substantial tax savings.

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