Insights
Insight and analysis from the Pease Bell team — on tax, audit, accounting, and the industries we serve.
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Sales and Use Tax for Multi-Location Restaurants
Most food sold by a restaurant is taxable because it meets the legal definition of “prepared food,” meaning the seller heated it, combined two…
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Food Cost Percentage: How to Calculate It and Cut It
Food cost percentage equals your cost of goods sold for food divided by food sales, multiplied by 100.
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The FICA Tip Credit: Restaurant Tip Reporting Rules and Section 45B
The FICA tip credit (IRC Section 45B) gives food and beverage employers a nonrefundable income tax credit equal to 7.65% of the tips employees…
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A Distributor’s Working Capital Distribution and Cash-Conversion Playbook
A distributor frees working capital by shortening its cash conversion cycle, calculated as DIO plus DSO minus DPO.
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Percentage of Completion Accounting vs. Completed-Contract Method
Percentage of completion accounting recognizes revenue and profit gradually as a long-term contract progresses, usually measured by costs incurred to date
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USAP Audits Explained for Mortgage Lenders and Servicers
A USAP audit is an annual attestation engagement, performed by an independent CPA under attestation standards, that reports on whether a mortgage servicer
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When Should a Restaurant Group Hire a Fractional CFO?
A restaurant group should hire a fractional CFO when financial complexity outpaces the owner’s ability to manage it, typically once the business runs two…
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HUD and Ginnie Mae Net Worth and Liquidity: 2026 Checklist
An FHA-approved Title II nonsupervised mortgagee must maintain a minimum adjusted net worth of $1,000,000, plus 1 percent of total FHA loan volume above
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Grant Compliance for Behavioral Health: Avoiding Disallowed Costs
A cost charged to a federal behavioral health grant is allowable only if it is necessary, reasonable, allocable to the award, consistent with your