Insights
Financial Considerations When Using Third-Party Delivery Services
Since 2014, the online food delivery business has expanded at a rate that’s three times that of dine-in traffic. The recent pandemic no doubt played a crucial role in increasing food delivery usage with perks including convenience, time savings, and limited contact....
Leverage Technology to Overcome Restaurant Challenges in 2022
The National Restaurant Association recently released its 2022 State of the Restaurant Industry Report. As expected, labor challenges are the top concern for most operators with food costs and occupancy coming in at a very close second and third. As the industry...
Grant Money Now Available Through Grow MI Business Funds
What is Grow MI Business?Grow MI Business is a grant program launched by the state of Michigan to deliver roughly $409 million of support to eligible businesses across the state impacted by COVID. The program, signed into law at the end of last year, allows companies...
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,...