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Guest Blog: PPP Loan Forgiveness for Restaurants

Restaurant365

NOTE: As of June 3, 2020, both the House and Senate have passed the Paycheck Protection Program Flexibility Act of 2020. Covered rent obligations include business rent or lease payments pursuant to lease agreements for real or personal property in force before February 15, 2020.

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

Restaurant365

You can apply for one of these new forgivable loans, even if you received a PPP loan in 2020. The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance. This would cover insurance plans such as vision, dental, disability and life insurance.

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Getting Through COVID-19: Financial, Physical, and Mental Health Tips for Restaurant Employees

7 Shifts

The outbreak of COVID-19 in early 2020, and subsequent social distancing and self-isolation protocols have wreaked havoc on restaurant workers everywhere. Contact your state’s unemployment insurance program to apply for your benefits. Budgeting through COVID-19 Making every penny count during self-isolation relies on proper budgeting.

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What Is the SUTA Tax and Why Is It Going Up in 2021?

Hot Schedules

FUTA (Federal Unemployment Tax Act) is also a payroll tax that employers are responsible for paying, however, this tax is to help fund the federal government’s oversight of the unemployment insurance programs for each of the individual states. Staying with the Texas example, the min/max tax rate for 2020 ranged from 0.31% to 6.31%.

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How to Set Up Online Ordering for Restaurants

7 Shifts

Keep temperatures together —this may mean many bags or even packaging burgers separate from toppings For even more tips and tricks for takeout packaging, check out the MrTakeoutBags blog. As of December 2020, 900 delivery-related roles have been created in the 9 months since March 2020. Logistics and Delivery ??

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Things To Consider Before Opening a New Restaurant

The Restaurant Group

This blog post will outline some of the most critical factors you must consider before opening a new restaurant. In addition, ongoing costs such as utilities, insurance, and marketing must be factored in. People love to eat out, and with the right concept, your new restaurant could be a success. Pick the Right Location.

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

Hot Schedules

W ho is ready to say goodbye to 2020? EEOC – The annual reporting for 2019 and 2020 has been delayed until 2021. Less than 50 and self-insured – forms 1095-B, 1094-B. Fewer than 50 employees and fully-insured – your insurer should file on your behalf. b3lineicon|b3icon-user-heart|?|User