Insights
Don’t Leave ERTC Dollars On The Table!
The Employee Retention Tax Credit (ERTC) is a provision established under the CARES Act which has been enhanced by additional legislation and could provide an immense amount of capital to employers. Unfortunately, statistics are showing the credit is being...
Ohio Small Business Grants Available Starting June 29
The Ohio Development Services Agency released eligibility information for a series of small business grants available starting Tuesday, June 29. Below you will find information regarding each of these grants including eligibility, qualifications, and fund usage. Food...
Restaurant Revitalization Fund – Updated 4/20/21
Restaurant Revitalization Fund - Updated 4/20/21 Further details on the Restaurant Revitalization Fund (RRF) were released by the SBA late last week. Details regarding application requirements, eligibility, and a program guide were all included in this announcement. A...
Restaurant Revitalization Fund
Restaurant Revitalization Fund The Restaurant Revitalization Fund which provides federal grants to the hardest hit sector of the economy during COVID-19 is about to become a reality. President Biden is expected to sign a $1.9 trillion relief package, the American...
Court Sides with Restaurant in Business Interruption Insurance Lawsuit
The U.S. District Court for the Northern District of Ohio recently ruled in the case of Henderson Road Restaurant Systems, Inc. vs. Zurich American Insurance Company, that the restaurant group is entitled to business interruption insurance coverage due to lost sales...
COVID Relief Bill Signed Into Law By President
The recent bill passed by Congress (Consolidated Appropriations Act [CAA]) finally became law after being signed by President Trump on Sunday, December 27th. It was feared disagreements over individual stimulus amounts and other various provisions deemed “wasteful...
Congress Approves New Round of PPP and Rules on Deductibility
What happened? Congress has been meeting seemingly around the clock in an effort to pass a bill before heading home for the holidays which, among other things, would provide a much-needed second round of Paycheck Protection Program (PPP) Stimulus. As of late Monday,...
A New Reality: Emerging Hospitality Trends Here to Stay
The COVID-19 pandemic has wreaked havoc across our global economy with the restaurant and hospitality industries being hit the hardest. After all, these industries rely on person-to-person interaction. Here are some of the emerging hospitality trends that will be at...
Making the Most of Your PPP Loan
You have applied for your Paycheck Protection Program (PPP) loan through one of the 1,800 participating SBA approved 7(a) lenders and you are awaiting the exciting news of your approval. In the meantime, have you considered how you will make the most of the funds?...
Restaurant Employee Relief Fund
The National Restaurant Association has created the Restaurant Employee Relief Fund to help aid employees who are experiencing hardship during the COVID-19 outbreak. This fund will offer grants to restaurant industry employees who have experienced financial hardship...