The Restaurant Revitalization Fund – What You Need To Know
What is The Restaurant Revitalization Fund? The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 […]
Is Your Restaurant Missing Out On Beneficial Tax Credits?
Over the last year, we’ve seen several government programs designed to assist the restaurant industry with grants and loans. For many years prior, however, there’s been a highly underutilized offering of tax credits for hiring and employing certain groups of individuals. In the post, learn more about the Work Opportunity Tax Credit, most commonly referred to […]
How Your Restaurant’s Website Can Drive More Revenue
It’s no secret that the global pandemic has created a fundamental shift within the restaurant industry. Having an online presence in the last 5+ years has been important. Now, commanding a digital presence is not just important; it’s critical for survival. The future of the industry in a COVID-safe world heavily relies upon technology. Additionally, […]
Colorado Emergency Declaration Requires an Additional 80-hours of Paid COVID Leave Under the Healthy Families and Workplace Act in 2021
WHAT IS THE LAW? Under the Healthy Families and Workplace Act (HFWA), which became law July 14, 2020, an employer is to provide 80-hours of supplemental paid leave as of the date a public health emergency is declared. Executive Order D 2020 268 was signed December 3, 2020 by Governor Jared Pollis, which extended the […]
Retroactive Employee Retention Tax Credit
UPDATES TO THE RETROACTIVE EMPLOYEE RETENTION TAX CREDIT UPDATE (1/27/21): The IRS has released new guidance regarding claiming the retroactive ERTC. Unfortunately, the new guidance requires more granular data. On January 22, 2020 the IRS published guidance that indicated employers claiming the ERTC on Q4 941 for Q1, Q2, Q3, and Q4 can only do so […]
Balancing PPP Second Draw & ERTC to Maximize Forgiveness & Tax Credits
Podcast Video Many questions continue to arise about the legislation and stimulus provided by congress surrounding the pandemic. The major players, PPP &Â ERTC, serve some much-needed relief for small businesses, but the million-dollar question remains: How can you utilize the aid while maximizing your forgiveness and tax credits? RASI Director of Compliance, Brian Smith, sits […]
Take Advantage of Energize Colorado Gap Fund
What is the law? The Energize Colorado Gap Fund will provide more than $25M in loans and grants to small businesses that have been impacted by COVID-19. Eligible businesses with less than 25 full-time employees can apply for up to $15,000 and a loan of up to $20,000 for a total of $35,000 in financial assistance. Applications and awards will be done in […]
Top Tips For Restaurants To Hire The Best Candidates
Determining the keys to success for restaurant hiring is paramount to building a sustainable brand that can grow. Turnover runs rampant in the hospitality industry. However, attracting and retaining top talent is possible with the right tools. This post reviews the best practices to ensure you’re building a team for longevity and how to measure […]