If you’re a small restaurant or business with 500 or fewer employees and you’ve had more than a 20% decline of gross receipts in a quarter compared to 2019, you may be interested in hearing about this latest news regarding the Employee Retention Tax Credit (ERTC). And thanks to the new provision in the law, yes, this applies even if you’ve already applied for the first or second draw PPP loan.
Category Archives: Legal
Restaurant Revitalization Fund (RRF): What to do ASAP
UPDATE: On 3/30/21, SBA has announced that Restaurant Revitalization Fund applicants no longer need to sign up for a SAM.gov account or have a DUNS number. This change will not impact your participation in the RRF if you’ve already obtained these numbers. For more info, check out this resource provided by the IRC Recently theContinue reading “Restaurant Revitalization Fund (RRF): What to do ASAP”
How COVID-19 Vaccination Will Roll Out in Food Service
With the COVID-19 vaccinations being rolled out in phases, there has been a question of when or how the vaccines would be administered to those in foodservice. Here is an overview of what is important: Current Phase Here in Georgia (1), the COVID-19 vaccinations are currently being administered to those in Phase 1a+, which includes:Continue reading “How COVID-19 Vaccination Will Roll Out in Food Service”
The Second Draw PPP Loan: The Latest News and Next Steps for Restaurants and Small Businesses
Restaurants and Small Businesses may now apply for a second PPP Loan beginning January 13, 2021, thanks to the latest COVID-19 pandemic relief bill approved in late December which authorizes up to $284.5 billion for eligible businesses. With these additional loans, qualifying restaurants and small businesses can fund payroll costs (including benefits), and pay forContinue reading “The Second Draw PPP Loan: The Latest News and Next Steps for Restaurants and Small Businesses”
GEORGIA UNEMPLOYMENT CLAIMS – EMPLOYER BEST PRACTICES AND FAQ
By Colin Kopel Filing for Georgia Unemployment Insurance (UI) can be a complicated process leading to multiple questions from both the employer and the employee. This frustration of filing claims is magnified during the coronavirus pandemic due to the mass influx of claims overloading the GA DOL’s capabilities. From long wait times via phone andContinue reading “GEORGIA UNEMPLOYMENT CLAIMS – EMPLOYER BEST PRACTICES AND FAQ”