Restaurant Recovery Update 1.25.21
The Employee Retention Tax Credit Could be Very Valuable to Restaurant Operators

One Boston operator discusses the value of the ERTC provision that Congress recently enhanced in the stimulus bill.
 
"A tremendous amount of attention has been focused on the forgivable loans from the PPP program, it will surely be a lifesaver for my business. But when I looked at the EMPLOYEE RETENTION TAX CREDIT, I discovered that I can recover $19,000 in tax refunds. This is based on 50% of 8 weeks of payroll, $38,000, that I paid my staff in 2020 that I did not get funded and forgiven by PPP funds. I had 2 weekly payrolls in March after 3/12 and before I had to lay everyone off due to the shutdown ordered on 3/16, and then 6 more weekly payrolls after the PPP money had run out in November before the end of 2020. The program continues in 2021, and it gets even better."
 
Click here to read more.

Click here for the form from EF Cost Recovery.
Boston Globe’s Project Takeout is Driving Off-Premise Sales
The Boston Globe recently launched Project Takeout to support the restaurant industry in Massachusetts by driving off premise sales. 

This is a great initiative with an incredible amount of press and momentum behind it. If your restaurant is not listed, we recommend strongly that you add your establishment by using this link.

Equally important, The Boston Globe wants to see your customers supporting your restaurant on social media. When ordering takeout, ask your customers to post a photo of their meal, tag your restaurant, and include hashtag #ProjectTakeout.
In conjunction with this initiative, be sure to have your restaurant registered on the free MRA site www.CarryOutMA.com and review the
Re-invigorate Off-Premise Best Practices section (page 6) of the MRA Restaurant Revitalization Toolkit.
Massachusetts Restaurant Association
160 East Main Street, Suite 2, Westborough, MA 01581
Phone: (508) 303-9905  www.themassrest.org