It is no secret that a tremendous amount of work goes into opening and running a restaurant. One part of it is getting all the proper licenses and permits required to legally open and operate the business in the state, county and city it is located in. We are providing an overview of some of Read the full article…
Following up on our article from last Thursday, there has been a major update for restaurants in the wake of California Senate Bill 478. The Bill, which went into effect on Monday, was set to outlaw surcharges or “hidden junk fees” from businesses, including food and beverage vendors in the state of California. However, last-minute Read the full article…
Legal update coming soon. We wanted to bring to your attention an important development regarding Senate Bill 478, California Attorney General’s new state law banning “junk fees.” Recently, the California Attorney General’s Office has posted FAQs shedding light on key aspects of this new legislation and its impact to the restaurant industry. Key Highlights of Read the full article…
The Restaurants Care Resilience Fund added a special hardship grant to assist the restaurant community affected by the recent Hollywood strikes. The hardship grant provides $10,000 to independent restaurants, food trucks, or caterers located in Los Angeles County. Grants will be awarded to those who meet the criteria and with the focus of investing in the Read the full article…
As most people know, not all interest that an individual pays is deductible. A common misconception about the deductibility of interest expense is that the deductibility follows how the loan is secured. However, this is not true. Just because you pull out a line of credit using your home as collateral does not mean that Read the full article…
On March 11, 2023, the period to use the Restaurant Revitalization Fund (RRF) for eligible expenses incurred between February 15, 2020, and March 11, 2023, ended. The next step for grant forgiveness is to complete and submit a Restaurant Revitalization Fund Program Post Award Report (SBA Form 3173) by April 30, 2023, detailing how the Read the full article…
Do you have a large position in a publicly held company? Are you concerned about having a concentration risk in your portfolio? If the answer is yes, then you should consider using an Exchange Fund, also known as a swap fund. An Exchange Fund provides the opportunity to diversify your stock holdings without triggering capital Read the full article…
If you are having trouble accessing your Restaurant Revitalization Fund (RRF), please follow the steps below. If you have not logged into your account through the Small Business Administration (SBA) portal, or it has been a while since your last log in, the SBA may have marked your account as “inactive”. In this case, you Read the full article…
The National Restaurant Association asked the Small Business Administration to disperse $180 million in leftover Restaurant Revitalization Funds to applicants who did not receive funds in a letter sent on July 27, 2022. The Restaurant Revitalization Fund, otherwise known as RRF, is a critical program recovery program created in response to the COVID-19 pandemic. The Read the full article…
