Got a tax question? Adam Berebitsky of SS&G Financial Services has answers (800-869-1834). We are currently opening a second location and are projecting a substantial amount of pre-opening costs. What kind of deduction can we expect for the costs? Prior to the American Jobs Creation Act of 2004, pre-opening costs incurred by a new entity could not be deducted in the year incurred and had to be amortized over a 60-month period beginning on the date which the restaurant opened for ...
Register to view this Article
Registering for Premium Content on Food Management will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick.