Surviving Disruption: How New COVID-19 Legislation Can Assist the Restaurant Industry
Modern Restaurant Management
APRIL 8, 2020
Consequently, restaurateurs could face a very hefty tax bill in both 2021 and 2022 if these tax payments are deferred. For C corporations, any net operating losses (NOLs) incurred from 2018, 2019, and 2020 can be carried back five years to generate tax refunds. Half of these deferred payroll taxes are payable by Dec.
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