Event Detail

New Restaurant Revitalization Fund Program

Description:

This a 2-hour live video conference (2 Credits) led by Lucien P. Gauthier, Esq., LL.M., CPA.

Topics include

  • A detailed analysis of Act Section 5003 of the American Rescue Plan Act of 2021 (ARPA, effective 03/11/21) including the definition of “eligible entity,” and its reference to “restaurant, food stand, food truck,” etc.;
  • The definition of “pandemic-related revenue loss” and how to compute “gross receipts” for 2019 minus the “gross receipts” for 2020;
  • The reduction of “pandemic-related revenue loss” for the amount of First Draw and Second Draw PPP loans made in 2020 or 2021;
  • The surprisingly broad definition of “covered period;”
  • The good faith certification that the uncertainty of current economic conditions makes necessary the grant request to support the ongoing operations of the eligible entity;
  • The priority in awarding grants during the initial 21-day period which begins on May 3 (today!);
  • The permitted use of grant funds;
  • And a detailed review of Form 3172 (Restaurant Revitalization Funding Application dated 04/21).

Please join us on 05/06 (Thursday) from 2:00pm-4:15pm for a first look to see how much (if anything) your restaurant clients can apply for pursuant to this new grant program!!!

Zoom Live Video Conference: May 6th, 2-4:15pm ET

Highlights:

Taxes

Objectives:

 

Prerequisites:

 

Designed For:

CPA, EA, Attorney, CFP, or other practitioners with 2 or more years of work experience and some familiarity with the subject matter.

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