In our latest “90 Second Update,” we give an update on the status of the Employee Retention Tax Credit (ERTC). As many of you know well, the ERTC – redesigned with input from the National Restaurant Association – has the potential to be a critical recovery tool for tens of thousands of restaurants. But as we move closer to the end of the year, too many restaurants have yet to see their refund checks from the IRS.
Earlier this month, we wrote the Treasury Department and the IRS with a series of asks to get the ERTC process moving and to protect vulnerable restaurants who will soon be due for January tax payments.
We are meeting with Treasury officials soon and would like to walk in with a petition that demonstrates how important this issue is to our industry. If you have 30 seconds, please review the petition and add your name. If you have more time, we would welcome your story on why the ERTC matters to your restaurant. Simply respond to this email – we’ll remove identifying information and share your perspectives with top government leaders.
Replenishing the Restaurant Revitalization Fund remains another top priority – our update gives the latest. If you haven’t contacted your elected official here in Washington, now’s the time to do so.