Last week, the US Department of the Treasury announced in a letter to members of the US Senate that it will revise its initial guidance prohibiting employers from claiming the Worker Retention Tax Credit. That guidance disqualified employers from claiming the credit when paying for their workers’ health benefits but not providing wages. In response…
Read More »The challenge of hiring enough qualified workers to staff your QSRs would be that much more difficult under the latest CARES Act proposal heading to a vote in the US House as early as today. Among the wish-list of goodies in the latest $3 Trillion stimulus proposal is an extension through January 2021 of the…
Read More »In a judicial rebuke of Governor Tony Evers, the Supreme Court for the state of Wisconsin overturned the Governors stay at home order, which the Governor extended until May 26. The court ruled in a 4-3 decision that the order was invalid as the administration did not issue follow proper rulemaking procedures. Under “rulemaking”, the…
Read More »As we have advised in the past, a provision in the California minimum wage law that former Governor Jerry Brown insisted upon allows for postponement of a mandated increase in the minimum wage during uncertain economic times. Hard to fathom but apparently the worst economic crisis since the Great Depression doesn’t meet that standard for…
Read More »Chicago Mayor Lori Lightfoot this week announced new rules governing third-party food delivery platforms operating within the Windy City. Effective next Friday, May 22, all delivery platforms will be required to disclose full itemized costs to customers BEFORE purchase and again of the customer receipt. The disclosure, which will apply to Uber Eats, Grubhub, Postmates…
Read More »Throughout the course of the coronavirus pandemic and its impact on the American economy, the restaurant sector has been hard hit. Same-store sales fell 11.6% at QSRs in March on a 16.3% traffic decrease according to MillerPulse. Drive-thrus and delivery cushioned the drop, but fast-food results also fell victim to steeper slides as the month…
Read More »For the past few months, Starbucks has pointed to its experience in China – and more specifically in the city of Wuhan, where the coronavirus originated – as proof that it would come out of the pandemic quickly and in relatively good stead. Back at the end of March, CEO Kevin Johnson pointed to the…
Read More »The US Treasury Department this week released an updated guidance document for the Paycheck Protection Program along with an updated FAQ that can be critical for many borrowers. The new rules (Question #40) provide that an employer will not be penalized regarding loan forgiveness, if they offer a laid-off employee their job back and the…
Read More »The US Department of the Treasury and the Small Business Administration (SBA) this week also issued new guidance on the question of who is actually eligible to receive a Paycheck Protection Program loan (PPP). This information is critical! Franchisee law firm Dady & Gardner, P.A. advises that when businesses applied for a PPP loan, they…
Read More »As more business interests look to survive the unprecedented challenges of the coronavirus pandemic, funds for government assistance and business loan programs have rapidly been stretched to their limits. Just this week, the SBA dramatically restricted access and financing limits when it reopened the Economic Injury Disaster Loan program (EIDL). The program, which previously offered…
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