Based on our observations at the tax and accounting level, we have to say the restaurant and bar owners we know are creative, tough and adaptable. Who could have anticipated the constantly changing environment you have had to survive since March 2020.

Having to adapt to monthly pronouncements from state authorities on if you can open and how you can open. Potential loss of your license if you make a mistake. Will customers come back?. Can you get employees to work? What risks are you subject to?

You are the people who keep things going no matter what. And I know you are just not thinking about yourselves. You also think about the welfare of your employees and customers.

The one good thing that has happened is the government has been throwing huge amounts of money into the pot to keep the industry from collapsing.

This is where your accountant is vital to lessening your workload and providing the expertise to navigate the new financial quagmire and keep the money flowing.