LOS ANGELES, Calif., March 16, 2021 (SEND2PRESS NEWSWIRE) â James Cha, a CPA and a Certified Tax Resolution Specialist from Ace Plus Tax Resolution, underlines the newly enacted restaurant revitalization fund, recent tax challenges the restaurant industry is facing, and tax relief strategies.
Restaurant Revitalization Fund and Grants
Along with small and medium enterprises, the restaurant industry has also been severely impacted by the pandemic. However, the governments have been trying to ensure that tax reliefs are provided to help the restaurant industry. This has been effectively encapsulated in the Restaurant Revitalization Act signed on March 11. Certified Tax Resolution Specialist James from Ace Plus Tax Resolution recommends that ârestaurant owners that are financially struggling must strategize and receive the full benefit of the Restaurant Revitalization Fund.â
eNewsChannels NEWS: James Cha, a CPA and a Certified Tax Resolution Specialist from Ace Plus Tax Resolution, underlines the newly enacted restaurant revitalization fund, recent tax challenges the restaurant industry is facing, and tax relief strategies. :: News from eNewsChannels
By Trent Rice
Mar 9, 2021
WEST DES MOINES, Iowa The head of the Iowa Restaurant Association says there s reason for optimism a full year into the COVID-19 pandemic. We ve had three grant programs, one of which we re expecting checks in-hand from the state of Iowa this week. And over the weekend, The Restaurant Revitalization Act was including the stimulus package passed in the U.S. Senate says Iowa Restaurant Association President Jessica Dunker.
She says many Iowa bars and restaurants also got help from two rounds of federal Payroll Protection Plan payments.
As for those restaurants that didn t make it through the pandemic, Dunker says empty businesses in large cities like Des Moines and Cedar Rapids will likely be taken over by another restaurant. She says that won t be the case in rural parts of Iowa.
Iowa Restaurant Association president optimistic after a year of COVID-19 iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.