The Impact of the CARES Act on Site Selection

In last week’s blog, we took a first look at the Paycheck Protection Program (PPP) loan forgiveness application. This week’s blog will take a deep dive into aspects of the interim final rule that will be of interest to the restaurant industry.

In what would be a tremendous victory for the restaurant industry, the House is expected to vote next week on a stand-alone, bipartisan Paycheck Protection Program bill.

On Friday, May 15, 2020, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. Concurrent with the application’s release, the Department of the Treasury announced that guidance and regulations will be issued soon...

The Paycheck Protection Program was created to provide relief for small businesses during the economic crisis brought on by the novel COVID-19 virus. Restaurants that received PPP loans continue to wait for clarity around key components of the program while they work to...

When the CARES Act was signed into law on March 27, 2020, the Paycheck Protection Program (“PPP”) appeared to be a straightforward way to provide liquidity to cash-strapped businesses, including restaurants. Demand for PPP loans was high, and the original $349 billion...

For restaurants making sales across state and local jurisdictional lines, the correct amount of sales tax and who is responsible for collecting it have become more complex. Many state and local taxing jurisdictions have not released guidance on mobile ordering and the...