Independent Joe #68 June/July 2021

April 22, 2021 marked day four of Dealmakers Week, presented by Franchise Times. It was also the day the magazine announced its 2020 Deal of the Year. Not surprisingly, the award went to Inspire Brands for its $11.3 billion purchase of Dunkin’ Brands. On hand to receive the award was David Pipes, Inspire Brands chief…

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A Dunkin’-Fueled American Dream

“I have a big, massive American flag in front of my house,” says franchisee Benny Omid proudly. “Every time I go by it I say, ‘I can’t believe I get to have an American flag flying in front of my house.’” Of course, the Stars and Stripes play a featured role in the summer landscape…

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Massachusetts Clears Millionaire’s Tax

Despite the fact that tax receipts have been well above expectations in the wake of the coronavirus pandemic, the Massachusetts legislature this week cleared the so-called Millionaires tax to appear on the state ballot in 2022. The measure, which required approval by two consecutive legislative sessions in order to advance, was passed Wednesday on a…

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MA Mandates Emergency Paid Sick Leave

Last week, Massachusetts Governor Charlie Baker signed into law a bill that grants employees up to 40 hours of emergency paid sick leave (EPSL) for COVID-related illness, quarantine and vaccinations. Effective immediately upon signing through September 30, 2021 or until program funds expire, the new law (H.3702) entitles employees to the additional leave for an…

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PPP and EIDL Loans Exempted

The Commonwealth of Massachusetts caught up with the federal government and many other states this past week when Governor Charlie Baker signed many parts of HB 90 into law. Of primary importance to small business owners, the legislation excludes proceeds from Paycheck Protection Program (PPP) loans along with Economic Injury Disaster Loan (EIDL) advances from…

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All Around Biz Interruption Insurance

A Boston-based federal district court judge has dismissed a lawsuit filed last May by the Massachusetts-based high-end seafood chain, Legal Sea Foods. US District Court Judge Nathaniel Gorton agreed with defendant Strathmore Insurance Company that the COVID-19 virus did not result in the requisite physical damage to Legal Sea Foods’ property, notwithstanding government ordered shutdowns…

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COVID Capacities Increasing

Following more slowly on the trend set by Texas and Mississippi when last week they removed all COVID related restrictions and shutdowns, a number of states this week have further relaxed their COVID related mandates on businesses operating at a percentage of full capacity. Specifically, the states of Arizona and Maryland have each announced that…

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Massachusetts Fixes Tip Pooling Law

With the signing of H.5250, the omnibus Economic Stimulus bill on January 5, the last day of the legislative session, our decade-long effort to correct the Massachusetts tip pooling law finally bore fruit. Governor Charlie Baker last week signed the legislation into law including a critical provision amending the statutory definition of wait staff employee…

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More States Stepping Up with Relief Programs

Although they may not be offering immunity, a number of other states are offering additional business assistance programs and loosening their purse strings with more funds for business relief. In that vein, New Jersey governor Phil Murphy signed legislation last week that provides up to $14 billion in corporate tax relief to businesses in the…

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Massachusetts PFML Reporting Deadline is January 31

When Massachusetts enacted Paid Family and Medical Leave, it also created a whole new bureaucracy to manage the new benefit, the Department of Family and Medical Leave. And as we know too well, with each new bureaucracy comes a plethora of regulations, red tape and reporting deadlines. It is in that vein that we want…

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