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Guest Blog: Tax Strategies as You Reopen Your Restaurant

Restaurant365

While many American businesses have been impacted by COVID-19, the restaurant industry is among those hit hardest. In response, many restaurants adapted to shutdowns across the country by offering drive-through or curbside pick-up, allowing them to remain partially open and serve customers who were sheltering in place.

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Flexible Covered Period and Expanded Allowable Expenses Makes Newest Round of PPP Funds More Advantageous for Restaurant Businesses

Restaurant365

At long last, Congress agreed on a new $900 billion stimulus package and the president signed it into law last week. Additionally, businesses applying for a PPP loan can also apply for Employee Retention Tax Credits (ERTC), if the credits are not applicable to wages paid with forgiven PPP loan funds. PPP loan eligibility.

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COVID-19 Legislative Actions: What to Know Now

Hot Schedules

The new law is a $2 trillion economic stimulus package designed to repair the economic damage caused by COVID-19 and provide additional protection to individuals and businesses who may lose income due to the pandemic. COVID-19 Legislative Actions: What to Know Now. Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

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End of Year To-Do List for HR and Payroll Teams

Hot Schedules

Employee Contact Data – Make sure you have clean data going into the end of the year. Also, make sure that you have removed any terminated employees and ensure that they don’t have any outstanding balances for garnishments, vacation, or sick time. EEOC – The annual reporting for 2019 and 2020 has been delayed until 2021.

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How to Calculate and Optimize Your Restaurant Payroll Percentage

Restaurant365

Your restaurant operations include many different expenses, from food and beverage to utilities. As your restaurant responds to the effects of COVID-19, you need to optimize your restaurant payroll percentage. Your payroll is the process of calculating and distributing wages to your employees. Employee insurance.

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MRM Research Roundup: Mid-August 2021 Edition

Modern Restaurant Management

This edition of MRM Research Roundup features the latest facts and figures of restaurant operations, the state of business dining, and the mid-year gift card report. The State of the Restaurant Industry. Quick service restaurants (QSRs), representing 81 percent of restaurant visits in the U.S., foodservice industry.

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What the American Rescue Plan Means for Restaurants

7 Shifts

Nearly one year after the coronavirus shut down restaurants, the restaurant industry is getting some direct relief. billion in grants for small restaurants, among funding for vaccine distribution and $1,400 stimulus checks for Americans who make less than $80,000 a year. trillion stimulus package includes $28.6