COVID-19 RESTAURANT RESOURCES

 

What's in here?

Coronavirus has put us smack in the middle of uncharted territory, but there is no better group of folks than those in the Hospitality Community who are better poised to be a forefront of this war against Covid-19. At the core of RSI you will find that education is what drives not only our restaurant accounting system, but it’s what drives our passion for the industry as former restaurant owners/operators ourselves.

With the barage of mandated closures and government stimulus plans put in place to assist in the relief efforts, there is a plethora of information available to restaurant owners/operators, but it can be difficult to understand what pertains to you, and how to move forward with that information. Our expert Compliance Team has worked tirelessly to break down relevant Coronavirus legislation in order to better serve you during this difficult time.

Below you will find the most recent Covid-19 updates in regards to Families First Coronavirus Response Act (FFCRA), Coronavirus Aid and Economic Relief Act (CARES Act), Payroll Tax Credits under the CARES Act, The Payroll Protection Program (PPP), State by State Coronavirus Updates, Stimulus FAQs and much more. As always, please reach out with any questions and we will be happy to assist you!

$ AMOUNT PPP FUNDS RSI HAS HELPED FACILITATE FOR OUR CLIENTS!

 

With the Covid-19 Pandemic pushing the restaurant industry to its most vulnerable state, it’s imperative to understand what impacts your cash flow and how to “flatten the curve” of the ebbs and flows of your bank account balance. In this webinar, RSI Client Advisors sit down to discuss strategy and best practices on how to control your restaurant’s cash flow during the Covid-19 Pandemic.

 

When it comes to the task of reopening dining rooms, most restaurant owners and operators are feeling a sense of overwhelming mental limbo. Excitement and eagerness for business to return to normal, and worriment of what that new normal will look like; all while learning how to successfully navigate the many facets that go into the reopening process. Click the link below for your financial blueprint to reset the table while braving the unknown.

 

 

 

The Treasury Department has released the Employee Retention Credit designed to encourage businesses to keep employees on their payroll. Tune in to this webinar to learn how the Employee Retention Credit can help your restaurant, while we break down the law, discuss who qualifies, which wages qualify and provide clear-cut examples so you know how your restaurant can most successfully take advantage of the credit!

 

Under the CARES Act an employer may delay the payment of employer Social Security taxes for up to two years to increase cash flow. In this webinar, learn about the legislation while understanding the following:

 

    • How this deferral can help your cash flow
    • How the deferral is tracked & paid
    • Advantages & disadvantages to deferring SS tax payments

 

In this FFCRA webinar, our expert Compliance Team discusses the following:

 

    • Where to get employee data for purposes of emergency paid sick leave
    • How emergency paid sick leave is paid out on Payroll
    • The maximum amount of paid sick leave considered for the Payroll Tax Credit
    • Where to get more information about FFCRA

 

As countless businesses have felt the harsh impact of COVID-19 and are looking for relief, on March 18, 2020 the Families First Coronavirus Response Act (FFCRA) was signed into law by President Donald Trump. Check out the most frequently asked questions about FFCRA and what it means for your restaurant.

 

 

In this webinar we discuss the DOL regulations behind FFCRA; the payroll tax credits, federal form 941, and how best to move forward with the following:

 

    • Realize the tax benefits of the paid leave program under the FFCRA
    • Retain as much money in the bank as possible
    • Compensate employees
In this webinar, learn the details of PPP to assess how your restaurant can take advantage of the stimulus, while covering the following:

 

    • Who is eligible?
    • Loan Amounts
    • Loan Forgiveness
    • How & When to Apply

 

 

Read up on the most frequently asked questions regarding what to do next, now that your SBA Loans from The Paycheck Protection Program (PPP) have hit your bank account, including qualifying payroll and utilties expenses, reporting options and more!

Staying up to date within the hospitality community is paramount right now when mandates are escalating rapidly, and support efforts are increasing on a daily basis. We understand how important it is, in this difficult and unprecedented time, to have easy-to-access, accurate updates for your state to keep you, your business and your employees safe.

 

 

Restaurants who hire drivers are experiencing unique challenges in these times. The need to hire up for delivery – and fast! The challenge is how restaurants can hire quickly and hire safely at scale without putting human resources and the public at risk. As people practice social distancing to avoid contracting COVID-19, having the right technology is a must for faster and safer hiring practices.

During the Covid-19 Crisis, restaurant owners are working overtime to find a variety of ways in which they can ease the heavy burden of mandated closures. A solid strategy to take into account while navigating the pandemic is working with your landlords to reach rental agreements that work for both parties!

 

 

As the state and federal government continue to stretch the time for mandated closures of non-essential businesses, and restaurant patrons continue to practice safe social distancing, we’ve seen a handful of creative ideas to help restaurants attract guests, while complying with the government’s orders and keeping the general public safe

In this webinar, we dive into budgeting & how to be strategic during this time so you can reduce expenses now and plan for a better future!

    • Understand HOW a budget would benefit your restaurant
    • Establish a starting place & set realistic targets
    • Review S.M.A.R.T restaurant budgeting tactics
    • Determine budgeting barriers & find solutions to get past them

 

The hospitality industry is INCREDIBLE!

 

Check out our social (links to the left) to see some of the most inspiring stories of restaurants supporting the community, and the community supporting restaurants during this time of need.

If you have anything positive you’d like us to share, please reach out so we can help spread some joy!

 

What's in here?

Coronavirus has put us smack in the middle of uncharted territory, but there is no better group of folks than those in the Hospitality Community who are better poised to be a forefront of this war against Covid-19. At the core of RSI you will find that education is what drives not only our restaurant accounting system, but it’s what drives our passion for the industry as former restaurant owners/operators ourselves.

With the barage of mandated closures and government stimulus plans put in place to assist in the relief efforts, there is a plethora of information available to restaurant owners/operators, but it can be difficult to understand what pertains to you, and how to move forward with that information. Our expert Compliance Team has worked tirelessly to break down relevant Coronavirus legislation in order to better serve you during this difficult time.

Below you will find the most recent Covid-19 updates in regards to Families First Coronavirus Response Act (FFCRA), Coronavirus Aid and Economic Relief Act (CARES Act), Payroll Tax Credits under the CARES Act, The Payroll Protection Program (PPP), State by State Coronavirus Updates, Stimulus FAQs and much more. As always, please reach out with any questions and we will be happy to assist you!

With the Covid-19 Pandemic pushing the restaurant industry to its most vulnerable state, it’s imperative to understand what impacts your cash flow and how to “flatten the curve” of the ebbs and flows of your bank account balance. In this webinar, RSI Client Advisors sit down to discuss strategy and best practices on how to control your restaurant’s cash flow during the Covid-19 Pandemic.

 

 

When it comes to the task of reopening dining rooms, most restaurant owners and operators are feeling a sense of overwhelming mental limbo. Excitement and eagerness for business to return to normal, and worriment of what that new normal will look like; all while learning how to successfully navigate the many facets that go into the reopening process. Click the link below for your financial blueprint to reset the table while braving the unknown.

 

 

The Treasury Department has released the Employee Retention Credit designed to encourage businesses to keep employees on their payroll. Tune in to this webinar to learn how the Employee Retention Credit can help your restaurant, while we break down the law, discuss who qualifies, which wages qualify and provide clear-cut examples so you know how your restaurant can most successfully take advantage of the credit!

 

 

Under the CARES Act an employer may delay the payment of employer Social Security taxes for up to two years to increase cash flow. In this webinar, learn about the legislation while understanding the following:

    • How this deferral can help your cash flow
    • How the deferral is tracked & paid
    • Advantages & disadvantages to deferring SS tax payments

 

 

In this FFCRA webinar, our expert Compliance Team discusses the following:

 

    • Where to get employee data for purposes of emergency paid sick leave
    • How emergency paid sick leave is paid out on Payroll
    • The maximum amount of paid sick leave considered for the Payroll Tax Credit
    • Where to get more information about FFCRA

As countless businesses have felt the harsh impact of COVID-19 and are looking for relief, on March 18, 2020 the Families First Coronavirus Response Act (FFCRA) was signed into law by President Donald Trump. Check out the most frequently asked questions about FFCRA and what it means for your restaurant.

In this webinar we discuss the DOL regulations behind FFCRA; the payroll tax credits, federal form 941, and how best to move forward with the following:

 

    • Realize the tax benefits of the paid leave program under the FFCRA
    • Retain as much money in the bank as possible
    • Compensate employees

 

In this webinar, learn the details of PPP to assess how your restaurant can take advantage of the stimulus, while covering the following:

 

    • Who is eligible?
    • Loan Amounts
    • Loan Forgiveness
    • How & When to Apply

 

Read up on the most frequently asked questions regarding what to do next, now that your SBA Loans from The Paycheck Protection Program (PPP) have hit your bank account, including qualifying payroll and utilties expenses, reporting options and more!

 

Staying up to date within the hospitality community is paramount right now when mandates are escalating rapidly, and support efforts are increasing on a daily basis. We understand how important it is, in this difficult and unprecedented time, to have easy-to-access, accurate updates for your state to keep you, your business and your employees safe.

 

Restaurants who hire drivers are experiencing unique challenges in these times. The need to hire up for delivery – and fast! The challenge is how restaurants can hire quickly and hire safely at scale without putting human resources and the public at risk. As people practice social distancing to avoid contracting COVID-19, having the right technology is a must for faster and safer hiring practices.

 

During the Covid-19 Crisis, restaurant owners are working overtime to find a variety of ways in which they can ease the heavy burden of mandated closures. A solid strategy to take into account while navigating the pandemic is working with your landlords to reach rental agreements that work for both parties!

 

As the state and federal government continue to stretch the time for mandated closures of non-essential businesses, and restaurant patrons continue to practice safe social distancing, we’ve seen a handful of creative ideas to help restaurants attract guests, while complying with the government’s orders and keeping the general public safe.

 

In this webinar, we dive into budgeting & how to be strategic during this time so you can reduce expenses now and plan for a better future!

    • Understand HOW a budget would benefit your restaurant
    • Establish a starting place & set realistic targets
    • Review S.M.A.R.T restaurant budgeting tactics
    • Determine budgeting barriers & find solutions to get past them