What is the covered period for restaurant Revitalization Fund?

What is the covered period for restaurant Revitalization Fund?

March 11, 2023
Program details This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

When did Restaurant Brands International buy Burger King?

2014
Toronto-based RBI was formed in 2014 with the $12.5 billion merger of Miami-based Burger King Worldwide Inc., then owned by 3G Restaurant Brands Holdings LP, an affiliate of the Brazilian investment company 3G Capital, and Canada-based Tim Hortons Inc.

How is restaurant Revitalization Fund calculated?

The grant amount is calculated by taking your eligible expenses and subtracting the gross receipts. This means that for businesses that opened after 2019 to be eligible for an RRF grant, they must have operated at a loss (negative net profit).

How long does RRF take to process?

The SBA estimates that RRF grants will be disbursed within 14 days after the applicant submits a complete application and all required documentation.

Is PPP money taxable?

Under normal circumstances, forgiven loan amounts are generally taxable for federal income tax purposes, but the CARES Act, under section 1106(i) of the act, expressly excludes the forgiveness of PPP loans from federal gross income, and thus federal income tax.

Can you get PPP and RRF?

Yes. The SBA has stated that RRF applicants who received PPP loans are not ineligible, but that PPP loans received by the RRF applicant will affect the applicant’s funding calculation.

When was Restaurant Brands International founded?

December 9, 2014
Restaurant Brands International/Founded

When did Restaurant Brands International Buy Popeyes?

March 27, 2017
On March 27, 2017, RBI acquired Popeyes Louisiana Kitchen for $1.8 billion.

Are restaurant revitalization funds still available?

The U.S. Small Business Administration (SBA) announced the closure of the Restaurant Revitalization Fund (RRF) after awarding the program’s full $28.6 billion appropriation to more than 100,000 restaurants, bars, and other businesses that provide on-site food and drink.

Does the RRF have to be paid back?

The Restaurant Revitalization Fund (RRF) is a federal program run through the Small Business Association that will provide tax-free grants specifically for the food services industry to help cover any pandemic-related revenue loss. “It is a grant instead of a loan, and you don’t need to pay it back,” he says.

Is the RRF taxable?

Funds received from the RRF are not treated as taxable income, and expenditures paid with these funds are tax deductible.

What is RRF grant?

California restaurants and bars received $5.7 billion in Restaurant Revitalization Fund (“RRF”) grants out of a nationwide total of $28.6 billion. Of the $5.7 billion awarded, over 83% of the grants ($4.5 billion) went to California small hospitality businesses primarily owned by minorities, woman and/or veterans.

Quelle est la date limite de paiement de la rémunération?

La loi ne fixe pas de date limite de paiement du salaire proprement dit, mais cela ne veut pas dire qu’il n’existe pas de règle. L’employeur doit respecter un délai d’un mois entre chaque paie. L’article L3242-1 du code du travail prévoit, dans son alinéa 3, que “ le paiement de la rémunération est effectué une fois par mois”.

Quelle est la date de paiement des salaires?

Le Code du travail n’indique pas de date de paiement des salaires. Cependant, malgré l’absence de date de versement du salaire, il est nécessaire que le paiement soit mensuel. En effet, la législation prévoit que le salarié doit percevoir sa rémunération au moins une fois par mois.

Est-ce que le code du travail ne prévoit pas de date de paiement des salaires?

Quelle est la date de paiement de l’entreprise?

Cette date de paiement est donc déterminée par l’entreprise (par exemple, le 28 du mois ou le 5 du mois suivant). Une fois celle-ci choisie, l’employeur est tenu de respecter cette périodicité.