One of the nation’s pre-eminent pro small business legal firms, Lake Law, has stepped to the plate to help small businesses continue their recovery from the challenges of the Pandemic.The Lake Law team has created a simple portal to help restaurant and foodservice operators access funds from the Employee Retention Tax Credit (ERTC).
“The beauty of this program is that the funds are in fact a payment from the government and require absolutely no payback of any kind,” noted Lake Law’s Lee Melchionni.
The ERTC program was created with an understanding that the nations’ small businesses and restaurants are dealing with multiple obstacles including from supply chain issues to insuring the safety of their returning workforce and patrons. “These adjustments to the pandemic forced restaurant and small business owners to adapt their management habits – and likely their finances too,” Melchionni added.
Many small business owners took advantage of the Paycheck Protection Program (PPP) to help keep their businesses afloat during the shut-down. However, the lesser-known Employee Retention Tax Credit (ERTC) is an initiative with similar benefits (no-payback of funds).
In March of 2020, under the Federal Cares act, the government developed the ERTC to help small businesses finance...
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