Restaurants Care is once again partnering up with SoCalGas, PG&E, SDG&E, and Wells Fargo to offer relief grants and services to restaurants in our local communities. These generous funders have made it possible to assist small businesses with their financial situation. The Resilience Fund provides cash grants of $3,000 and one year of small business Read the full article…
The House on Thursday approved more than $40 billion in COVID-19 assistance for restaurant owners who applied but were unable to receive assistance from the federal Restaurant Revitalization Fund. The Restaurant Revitalization Fund depleted quickly as the number of applicants surpassed the number of available funds. Just after three weeks of launch, the fund aided Read the full article…
Join us for our upcoming webinar 2022 Restaurant Budgeting & Projections: Impact of the Pandemic on Your Bottom Line on Tuesday, March 8th at 10AM PST. During this session, industry expert, Derek Johnson, will discuss the significance of budgeting and projections, how setting attainable goals will influence your bottom line, while also highlighting the impacts Read the full article…
The Infrastructure Bill (H.R. 3684) was passed by the House on November 5, 2021 and is expected to be signed into law by President Biden. As part of the Bill, the employee retention tax credit (with the exception of the recovery startup business credit) is no longer in effect for the fourth quarter of 2021. Read the full article…
In Late September 2021 Governor Newsom signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. This bill provides financial relief to qualified small businesses for the economic disruptions in 2020 and 2021, resulting in unprecedented job losses. Taxpayers that qualified for Employee Retention Credit may also qualify for the Main Street Read the full article…
The EIDL is a loan directly from the SBA that offers a low-interest, fixed rate, long-term loan that is available to businesses that were impacted by the pandemic. Unlike the PPP, the EIDL must be repaid and cannot be forgiven. Below are the updates to the EIDL program: Maximum loan amount increased from $500,000 to Read the full article…
Congress passed a $28 billion recovery fund, estimated to be enough to fund roughly 100,000 grants for the restaurant industry. However, in just the first few days of launching it, the SBA received about 186,000 applications. In fact, the latest reporting indicates that the number has grown to 266,000 applications, requesting a total amount of Read the full article…
Multinational companies can expect some extraordinary changes in the US and international tax environment – and this time, it may be much more than an increase in rates. While higher US tax rates have been proposed to fund the new Biden administration’s COVID and infrastructure priorities, new international tax proposals may lead to surprise tax Read the full article…
![[Webinar Replay] The Restaurant Revitalization Fund](https://www.krostcpas.com/wp-content/uploads/Restaurant-Revitalization-Fund-webinar-05-04-2021.jpg "[Webinar Replay] The Restaurant Revitalization Fund")
If you missed our webinar led by Paren Knadjian, Head of M&A and Capital Markets and Jean Hagan, Principal of Business Management, there is a recording available. This webinar goes over the Restaurant Revitalization Fund, including details of the new Restaurant Revitalization Fund eligibility, how to apply, what documentation is required, and updates on PPP Read the full article…
![[Webinar Replay] How to Apply for the Restaurant Revitalization Fund Webinar](https://www.krostcpas.com/wp-content/uploads/Restaurant-Revitalization-Fund-Application-Assistance-Webinar.jpg "[Webinar Replay] How to Apply for the Restaurant Revitalization Fund Webinar")
If you missed our webinar led by Paren Knadjian, Head of M&A and Capital Markets and Jean Hagan, Principal of Business Management, there is a recording available. This webinar goes over how to apply for Restaurant Revitalization Fund. You can view the webinar replay, by joining our mailing list. The video and presentation slides will Read the full article…
