Remove Blog Remove Employee Relations Remove Restaurant Law Remove Small Business
article thumbnail

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

article thumbnail

Health Insurance Requirements for Small and Medium Businesses

Hot Schedules

Health Insurance Requirements for Small & Medium Businesses. How offering affordable health benefits to your employees can work wonders for recruiting and retention. Unfortunately, many small and medium-sized businesses can’t afford to offer health benefits. In contrast, more than 97 percent of U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Guest Blog: PPP Loan Forgiveness for Restaurants

Restaurant365

On May 15, the Small Business Association (SBA) released its Loan Forgiveness Application for the Paycheck Protection Program (PPP). If signed into law by the President, this Act would, among other changes, extend the 8-week Covered Period to 24 weeks. The application outlines the computation for debt forgiveness.

Blog 142
article thumbnail

Sample Blog Layout

Restaurant365

Successful restaurant owners and operators don’t just provide great food. For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. The people piece of the puzzle can be challenging for restaurants. Design an employee onboarding process.

Blog 78
article thumbnail

How to Manage Your Restaurant Labor Cost Percentage

7 Shifts

Before restaurants can record a profit, they need to take several expenses into account—inventory, kitchen equipment, building utilities, and of course, labor. What is Restaurant Labor Cost Percentage? Benefits (Health Care, Employee Discounts, etc.). Benefits (Health Care, Employee Discounts, etc.). Payroll Taxes.

article thumbnail

How To Start a Bakery: Steps and a Sample Business Plan

Sling

While the process is really just that simple, there are a number of practical steps you can take to get your new business heading in the right direction — including writing your very own bakery business plan. One of the best ways to do this is to work in a bakery or similar niche business.

article thumbnail

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.

Insurance 148