posts tagged as Tax

Three Post-Election Legislative Impacts on Restaurants

With the 2020 election in the rearview mirror, businesses are looking forward to beginning 2021 with more clarity. Restaurants are particularly keen to understand what new legislative developments may have passed or are on the horizon as... read more

Tax News of Note for Nonprofits

It’s critical for nonprofits to stay abreast of proposed and updated regulations from the Internal Revenue Service (IRS). Read on to learn the latest developments organizations should know. read more

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

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

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

New Data – Nonprofits, Benchmark Against Your Peers and Push Your Mission Forward

Facing unprecedented disruptions, the world is relying on nonprofits more than ever before. Now in its fourth year, our annual Nonprofit Standards benchmarking survey arms your organization with the metrics needed to gauge how you stack... read more

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

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

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. read more

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... read more