My accountant is now preparing my 2005 business and personal returns. As a restaurant owner, what should I look for to make sure that I am paying the least amount of taxes?
Here are some business areas to address:
- If you built a new restaurant or had major construction, a cost segregation analysis of the build-out should be done to take advantage of allocating costs from 39-year property to 5-year property.
- Make sure that you expensed up to $105,000 of tan