Get Ready to Apply for the Restaurant Revitalization Fund
By Ilya Brodetskiy, Ilya Brodetskiy, CPA, MST, Senior Tax Manager In January, Congress passed the American Rescue Plan Act of 2021, landmark legislation designed to help U.S. residents and businesses stay afloat in the midst of the ongoing coronavirus pandemic.
One under-reported element of the plan is the establishment of the $28.6 billion Restaurant Revitalization Fund (RRF), to be administered by the U.S. Small Business Administration (SBA).
This program will offer tax-free...
