Industry Insights

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…

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“Retain Cash” Webinar Today

As a reminder, the DDIFO webinar entitled “Retaining Cash – New Tax Laws Help!” will be held today at 12:00 Noon, so you still have time to register to attend. This one-hour program  will feature Jeff Hiatt and Dave Fabian from MS Consultants, LLC providing important updates and insights into keeping more of your cash…

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Starbucks

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…

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Treasury Updates Guidance/Tightens PPP

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…

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SBA Extends Safe Harbor for PPP Loan Returns

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…

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EIDL Funding Restricted

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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EEOC Posts then Pulls New Guidance

You had to look quickly this week if you wanted to see the Equal Employment Opportunity Commission’s new guidance on accommodating employees with medical conditions in the age of the coronavirus pandemic. The agency posted an updated guidance on Tuesday, May 5 and shortly after posting, pulled the guidance down because it was being “misinterpreted…

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Webinar on Reopening Today at Noon

The Coalition of Franchisee Associations (CFA) is sponsoring another “don’t-miss” webinar today, May 8 from 12:00 Noon to 1:00 PM. Attorney Robert Bernstein, a partner with the Laner Muchin Law Firm out of Chicago will be presenting: Reopening Your Business: A Legal Guide for Franchisees. As COVID-19 restrictions on businesses begin to ease in a…

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Congress Eyes Next Round of Relief

Notwithstanding the partisan divide that continues in the Nation’s Capital, Congress is looking at possibly passing another multi-billion to trillion dollar economic relief package when the House returns to DC next week. Republicans and Democrats are divided over what to include, but they have each been floating different ideas that we want to keep watch…

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DDIFO Webinar Next Friday

MS Consultants LLC will be presenting a DDIFO webinar next Friday, May 15 from 12:00 Noon until 1:00 PM. This DDIFO-sponsored webinar, “Retaining Cash – New Tax Laws Help!” will feature Jeff Hiatt and Dave Fabian from MS Consultants, LLC providing important updates and insights into keeping more of your cash and how some recently…

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