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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. If signed into law by the President, this Act would, among other changes, extend the 8-week Covered Period to 24 weeks. Are there any alternatives available to the Covered Period?

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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. You can apply for one of these new forgivable loans, even if you received a PPP loan in 2020. PPP improvements relevant to restaurant businesses. However, you cannot get more than two PPP loans.

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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

What are the benefits of self-operated delivery for restaurants? These fees, when not managed, cut deep into razor-thin margins, and in some cases, can contribute to a restaurant closing for good. Without existing apps, this lives on your restaurant’s website. Which means no fees paid to UberEats, GrubHub, Postmates, DoorDash.

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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? Wage Accuracy – Have you ensured that wages are in line with the local laws in your area? Check your local labor laws to see if your obligations have changed with regard to various types of leave. EEOC – The annual reporting for 2019 and 2020 has been delayed until 2021.

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COVID-19 Legislative Actions: What to Know Now

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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. Impact on Unemployment Insurance. COVID-19 Legislative Actions: What to Know Now.

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What is a PEO and How Can It Help Your Business?

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And as more states adopt new labor laws and regulations, more business owners have concerns about risk and liability.?. Depending on your CSA, here are a few benefits a PEO could provide your employees: Group health insurance. Dental, vision, and life insurance. Blog What Is the SUTA Tax & Why Is It Going Up in 2021?