Restaurant Tax Updates
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Limited special deduction for sales tax and delivery fee beginning in July 2022 in Colorado
Sales tax special deduction for a limited time in Colorado Colorado House Bill 22-1406 allows qualifying retailers to claim a limited special deduction from state taxable sales under certain conditions and to retain and spend the resulting state sales tax. The deduction is available for sales made in July 2022, August 2022, and September 2022. […]
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CLA tax webinar for restaurants on July 14th in connection with the National Restaurant Association
You don’t want to miss this webinar “Tax benefits and strategies for your Restaurant: Everything you need to know”. This event is on July 14th at 2 pm Eastern (1 pm Central). Join us for this “content-rich” webinar covering many restaurant tax topics from members of our CLA tax team. The webinar will cover general […]
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New Direction for Potential Tax Legislation?
After a week of backdoor negotiations between President Biden and key Democrat holdouts Senators Joe Manchin and Kyrsten Sinema, the White House and progressive Democrats appear prepared to compromise on some significant priorities in order to cobble together a social spending package that can pass Congress. https://blogs.claconnect.com/wealthadvisory/new-direction-for-potential-tax-legislation/