By Restaurant Practice Leaders | September 10, 2020

Evaluating Going Concern in the era of COVID-19

The COVID-19 pandemic has created unprecedented uncertainty across the restaurant industry. Restaurants have experienced a significant disruption in consumer demand resulting in reduced operations, cash flows and liquidity concerns. As COVID-19 continues to evolve, restaurants will face challenges in evaluating their ability to continue as a going concern.


By Lisa Haffer | June 11, 2020

PPP Flexibility Act: Initial Guidance Released

Just one week after the passage of the PPP Flexibility Act, the Small Business Administration released the first of what we hope will be many pieces of interpretive guidance. Readers that have been following the many iterations of the PPP program may not be surprised by the...


By Jeff Tubaugh | June 04, 2020

Bill with Favorable PPP Changes for Restaurants Hits President’s Desk

On June 3, the Senate gave unanimous consent to the Paycheck Protection Program Flexibility Act of 2020 that passed the House on May 28, 2020. This stand-alone, bipartisan bill would allow more businesses to receive Paycheck Protection Program (PPP) loan forgiveness and...


By Jeff Tubaugh | May 29, 2020

New Bill Introduces Favorable PPP Changes for Restaurants

In what is considered a tremendous victory for the restaurant industry, the House voted 417-1 on May 28, 2020 to pass a stand-alone, bipartisan Paycheck Protection Program Flexibility bill (H.R.7010), which would allow more businesses to receive Paycheck Protection Program...


By Restaurant Practice Leaders | May 27, 2020

Deep Dive: PPP Loan Forgiveness Guidance

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.


By Jeff Tubaugh | May 21, 2020

New Bill Serves Up Additional Opportunity for 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.


By Restaurant Practice Leaders | May 19, 2020

First Look: PPP Loan Forgiveness Application

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...