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One exception: You'll still get taxed on beer, wine and cocktails. But the 10-day sales-tax waiver on dine-in meals will save Ohioans a bit of cash.
This additional tax rate may be 1% or 2% or other amounts depending on the county in which the business is located. For example, in Marion County, the sales tax for restaurants is 9%. There is an additional 2% tax on restaurant sales in Marion County to pay for Lucas Oil Stadium and expansion of the Indiana Convention Center.
The chain saw its sales begin to decline in 2017, filed for Chapter 11 bankruptcy in 2020, and has been closing restaurants ever since, Restaurant Business Magazine reported. Rubio's is now down ...
Fine dining restaurants take the biggest loss per business, with average claims nearly double that of all restaurants. Without the right business insurance, paying out of pocket could put a small ...
Signs on door of a Graeter's ice cream parlor in the Hyde Park neighborhood of Cincinnati during government-mandated closings. The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category.
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
Filing for bankruptcy doesn’t always mean the kiss of death — Chapter 11 bankruptcy is a reorganization of debts designed to keep businesses alive, while Chapter 7 bankruptcy means a company ...
By 1980, faced with declining sales and profits, he decided to bring the company's 12-year expansion program to a halt. [5] At the time, the company had expanded to 32 restaurants along the East Coast. [6] The Valle family was also saddled with an inheritance tax bill resulting from the 1977 death of Donald Valle that it was not prepared to pay ...