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Application Opening TODAY for $28.6 Billion Restaurant Revitalization Fund

Established under the American Rescue Plan, and signed into law by President Joe Biden on March 11, 2021, the Restaurant Revitalization Fund provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. This program

By |2021-05-04T16:31:46+00:00May 3rd, 2021|Categories: Business|Tags: , , , , |

Restaurant Revitalization Fund (Grant) – Client communication

Last week, the SBA made a press release of the SBA Restaurant Revitalization Fund which will be available to restaurants and similar businesses  - https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund As of right now, the sample application is 16 pages long and it requires a high level detail on several areas. From the information available so far, the funds will be provided as a

By |2021-04-23T17:00:49+00:00April 23rd, 2021|Categories: Business|Tags: , , , , , |

Restaurant Revitalization Fund – Press release

Tonight there was a SBA press release about the Restaurant Revitalization Fund program. SBA Administrator Isabella Casillas Guzman on 4/17/2021 announced key details on application requirements, eligibility, and a program guide for the Restaurant Revitalization Fund (RFF). Under this announcement, details on application requirements, eligibility, and a program guide are now available in English at

By |2021-04-19T03:31:22+00:00April 19th, 2021|Categories: Business|Tags: , , , |

Meals 100% deductible in 2021 to 2022

Today, in the issue number IR-2021-79, the IRS has communicated that increases the deductibility of meal expenses from 50% to 100% for years 2021 and 2022 to promote the restaurant industry, which has been especially impacted during the pandemic. Beginning Jan. 1, 2021, through Dec. 31, 2022, businesses can claim 100% of their food or

By |2021-04-08T16:31:25+00:00April 8th, 2021|Categories: Business|Tags: , , , |

Restaurant Revitalization Fund to be released in April 2021

The U.S. Small Business Administration (SBA) is targeting early April to launch a phased rollout of the $28.6 billion Restaurant Revitalization Fund (RRF), a senior SBA official testified during a Senate Small Business Committee hearing. The American Rescue Plan Act, P.L. 117-2, created the RRF to provide restaurants with grants equal to their pandemic-related revenue

By |2021-03-28T18:56:57+00:00March 28th, 2021|Categories: Business|Tags: , , , |

Restaurants in Philadelphia – Emergency Use and Occupancy

The Use and Occupancy tax for restaurants will be based on the occupancy allowed by Philadelphia Department of Public Health. This is in line with the previous post published on our site to pay the proportionate taxes and how to request a refund.   Emergency Use & Occupancy Tax Regulation: Yesterday, February 18, the Department

By |2021-02-23T21:33:38+00:00February 19th, 2021|Categories: Business|Tags: , , , , , , , |

Philadelphia – Enhanced Ventilation for Increased Dining Capacity

In the press release on Tuesday February 9, 2021, the City allowed a 50% indoor seating capacity (current 25%) if the restaurant met certain HVAC requirements. HVAC system is fully operational and ventilates the entire indoor dining area. At least 20 percent outside is air circulated by HVAC system. Filtration MERV 11 or higher. At

By |2021-02-15T17:38:06+00:00February 9th, 2021|Categories: Business|Tags: , , , , , , |

DoorDash funded a $500K grant program for N.J. restaurants

Information from the article (link below). The application information will be available by Feb 1, 2021 at https://www.njrha.org/ New Jersey restaurants can apply for grants between $2,500-$5,000, thanks to a grant program funded by DoorDash and administered by the New Jersey Restaurant & Hospitality Association. DoorDash announced Monday it is donating $500,000 to the NJRHA to

By |2021-01-25T23:19:34+00:00January 25th, 2021|Categories: Business|Tags: , , , , , |

Philadelphia COVID-19 Restaurant and Gym Relief Program up to $15k – Apply on Thursday, January 28

As you are aware, restaurants and gyms have been severely impacted during COVID.  In Philadelphia, there were significant restrictions for any indoor activity. especially for the period November 2020 to mid January 2021. The City has created a new program to provide some relief to those businesses The eligibility for this program is the following

By |2021-01-23T19:13:10+00:00January 23rd, 2021|Categories: Business|Tags: , , , , |

Amended UandO guidance – Exempt Philadelphia restaurants and bars (Nov 2020 to mid Jan 2021)

The City of Philadelphia through the Mayor's Office of Communications <press@phila.gov> releases updates as part of their Business tax relief programs. In the Dec 1, 2020 communication, the City of Philadelphia stated the change in Use and Occupancy for restaurants as we requested after our attendance to the Tax Committee Meeting back in October 2020.

By |2021-01-23T19:40:24+00:00December 1st, 2020|Categories: Business|Tags: , , , , , |
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