posts


By Lisa Haffer | October 05, 2020

Final Meal and Entertainment Regulations: A Victory for the Restaurant Industry!

On September 30, 2020, the IRS issued final regulations relating to the limitation on tax deductions for meals and entertainment expenses. The regulations confirm that entertainment expenses are not deductible, but leave the door open... read more


By Larry Borgman | 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... read more


By Restaurant Practice Leaders | August 05, 2020

SBA Releases PPP Forgiveness FAQs

On August 4, 2020, the SBA issued long-awaited guidance pertaining to PPP loan forgiveness. The guidance, in the form of FAQ, covers three main topics: payroll costs, nonpayroll costs, and loan forgiveness reductions. Check back soon for... read more


By Robert Brown | July 15, 2020

The New Drive-Thru Option for Restaurants During COVID-19

The COVID-19 pandemic has changed everything in the restaurant industry, and while those establishments with a drive-through option were able to continue semi-normal operation, it is was the entire dine-in restaurant industry that was... read more


By Restaurant Practice Leaders | July 07, 2020

The Impact of the CARES Act on Site Selection

One of the provisions of the CARES Act, passed in March, could have a significant positive impact on companies that are in growth mode and planning additional locations. While many recognize that the correction of the ‘retail glitch’ (as... read more


By Restaurant Practice Leaders | June 22, 2020

PPP Salary Limitation Clarification and Revised Application

As expected, since the passage of the PPP Flexibility Act, the Small Business Administration continues to release additional guidance. On June 17, 2020, guidance was provided relating to payroll cost limitations due to changes to the... read more


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... read more


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... read more


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... read more


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... read more