8/7/20
The Slice gives you all the news you can use. Each issue will include any COVID-19 updates, reopening information, legislative news, and other relevant items for our readers. Please let us know if you'd like to see anything in particular or have other feedback - just email marketing@vrlta.org.
Government Affairs
NRA Action Alert - Protect Restaurants from Surprise Tax Liabilities!
 
Did you know that restaurant operators who had Payroll Protection Program (PPP) loans forgiven may lose some key tax deductions, creating a surprise tax liability? And that the majority of restaurants might not be eligible for a new round of PPP funding?  These two critical issues are why you need to take action now.
 
As Congress tries to move towards agreement on a final COVID relief package, plans have emerged for a new round of PPP funding that would require businesses to demonstrate a 50% loss of revenue.  According to recently released data, 55% of restaurants that are losing money would not be eligible for this new funding! Congress must fix the legislation to ensure that more restaurants—the hardest hit businesses by the COVID-19 pandemic—are eligible. When Congress created PPP, its intent was for business expenses paid by PPP to be tax deductible. However, guidance from the IRS says that expenses paid for with a forgiven loan are now taxable.

Take action now to help protect restaurants from surprise tax liabilities! 
 
Restaurants across the country may soon face surprise tax liability when they can least afford it.  Some restaurants have indicated that this surprise tax liability could be the final factor that causes them to close. Congress must make business expenses paid for by PPP tax deductible. Congress needs to hear from restaurants now. 
Upcoming Events
Don't Miss It - VRLTA Webinar: The Three Ps of a Successful To-Go Alcohol Program

Join us on August 11, from 10:30 - 11:30 a.m. for a MEMBERS ONLY webinar designed to help you find ways to maximize your to-go alcohol sales and add to your bottom line. The Zoom access information will be emailed to registrants on Monday.
Mark Your Calendar...

  • VRLTA Webinar: The Three Ps of a Successful To-Go Alcohol Program - August 11, 10:30 - 11:30 a.m.- See above for more info - registration open now!
  • Ordinary Awards - September 29 - Current plans include an in-person luncheon and awards ceremony. Tickets on sale soon!
  • VA1 Tourism Summit - November 16 - Join us for a one-day, currently in-person event, in Richmond, at the Omni. Registration opens next week!
Don't Delay on Recognizing Someone Extraordinary - the Ordinary Awards Nominations Close Soon!

The Ordinary Awards may look different this year (currently, the plan is to host an in-person luncheon instead of a dinner and reception, and we'll be taking all of the necessary safety precautions), but we don't want to miss out on recognizing the amazing people and businesses that make up the hospitality and tourism industries.

Please take a few minutes to NOMINATE an outstanding person or organization. This year, we have 20 categories, including - NEW! - Hospitality Hero categories for individuals and organizations.

The event is scheduled for Tuesday, September 29, again at the Hilton Richmond Hotel & Spa in Short Pump. Tickets will be on sale soon. If you're interested in being a sponsor, reach out to your Membership Director, Kristen Karrfalt or Brittany Blythe.
VA1 Tourism Summit - November 16 in Richmond!

The 2020 VA1 Tourism Summit is still on, although in a modified format. We'll gather for a one-day event in Richmond, but it will be jam-packed with amazing speakers and content focused on

  • travel in the time of COVID-19;
  • "back to business" strategies;
  • diversity, equity, and inclusion;
  • and more relevant and timely topics.

The event will follow all guidelines for safety and distancing, and adhere to current federal, state, and locally-mandated protocols. We continue to monitor the situation and will adjust plans as necessary. Learn more at www.va1tourismsummit.org. Registration is NOW OPEN!
Education & Training
ServSafe: Classes Available NOW!

Many of VRLTA's preferred ServSafe training partners are again offering in-person classes. Click here to see the entire upcoming schedule. Partners' classes are filling quickly, so register today!
AHLA Safe Stay Course for Hotel Staff

To further expand the hotel industry's Safe Stay initiative, the American Hotel & Lodging Association (AHLA) is offering COVID-19 Precautions for Hotels, an online course developed in partnership with the American Hotel & Lodging Educational Institute (AHLEI) and created to help hotels train their staffs on the enhanced safety and cleanliness guidelines.
More News You Can Use
VRLTA Partner BMI Offers Suggestions on Bringing Live Music Back

Below, find ideas from BMI from a webinar they recently did. We are considering putting together a similar session - take our one question poll below and let us know if you're interested. Thank you!
Would you be interested in a webinar about ways to bring live music back to your venue?
Yes
No
Optum Perks Now Available!

Perhaps now more than ever, it's important to save and help employees save.

Optum Perks is a FREE prescription drug savings program, available to VRLTA members and others. The Optum Perks™ prescription drug savings program may help you save on the medications you need to live a healthier life. Just show your card or coupon to the pharmacist each time you fill a prescription.

Learn more today at perks.optum.com/hospitalityrx!