Surviving Disruption: How New COVID-19 Legislation Can Assist the Restaurant Industry
Modern Restaurant Management
APRIL 8, 2020
31, 2021, with the other half due Dec. 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.
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