Complex legislation often contains goodies for big corporations, and the 2006 Pension Reform Bill was no different. But this time smaller businesses like restaurants got a big break, too. If your restaurant donates food to charity-and we don’t know many restaurants that don’t-you can now deduct from your taxes the cost of the donated food plus half the fair market value appreciation, not to exceed twice the cost. It’s something big companies, i. e., C corporations, have been doing for years. ...
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