posts


By Restaurant Practice Leaders | June 01, 2021

BDO Knows SPACs

Restaurants, like other industries, have watched the increase in the creation of Special Purpose Acquisition Companies or SPACs within the marketplace. To date, there have been more SPACs created in 2021 then there were in all of 2020. read more


By Restaurant Practice Leaders | April 30, 2021

New Restaurant Grant FAQ & Application How-To Guide

Check out the NRA’s updated FAQs and their new step-by step guide to completing the RRF grant application. read more


By Restaurant Practice Leaders | April 20, 2021

New Guide Now Available for the Restaurant Revitalization Fund

On April 17, 2021, the SBA released a program guide and a sample application form for the Restaurant Revitalization Fund (RRF) authorized under the American Rescue Plan Act (ARPA). Although the SBA hasn’t announced when they will start... read more


By Restaurant Practice Leaders | April 01, 2021

5 Ways Restaurants Can Reduce Employee Turnover in 2021

While the hospitality workforce, by nature, will always be more transient, restaurant operators do have the power to minimize turnover on their teams. Here are five ways employers can ensure that their most reliable, hardworking and... read more


By Restaurant Practice Leaders | March 22, 2021

The American Rescue Plan Act and the Restaurant Revitalization Fund - What’s in It for Restaurants

The American Rescue Plan Act of 2021, the $1.9 trillion COVID relief package signed into law by President Joe Biden on March 11, 2021, establishes the Restaurant Revitalization Fund (RRF) and provides for several additional benefits for... read more


By Restaurant Practice Leaders | March 16, 2021

Staffing in the Wake of COVID-19: How Much Has Changed?

Before COVID-19, restaurants had a significant labor challenge, typically referred to as the “talent crisis” or “war for talent.” Unemployment rates were at a five-year low and minimum wage rates were rising across the country. To better... read more


By Kari Maue | February 02, 2021

Franchisor Revenue Recognition – New Practical Expedient

Private company franchisors have raised concerns to the FASB regarding the complexity and cost in applying Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). In response, the FASB issued ASU 2021... read more


By Lisa Haffer | January 11, 2021

Significant Enhancements to the Employee Retention Tax Credit (ERTC): Maximizing the ERTC in 2020 and 2021

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a variety of economic relief measures applicable to the restaurant industry, including the Paycheck Protection Program (PPP) and the Employee Retention Tax Credit... read more


By Lisa Haffer | January 05, 2021

New Stimulus Relief: What it Means for the Restaurant Industry

Capping a week filled with uncertainty, President Trump finally signed the Consolidated Appropriations Act, 2021 on Sunday December 27, 2020. The new law, which will be referred to as the “Relief Act” or “Act” throughout this article... read more


By Restaurant Practice Leaders | December 23, 2020

New Stimulus Package Passed

Check out the latest insight from BDO on the New Stimulus Package. read more