The Employee Retention Tax Credit (ERTC) is a fully refundable tax credit for employers. Eligible restaurants can now access ERTC for both 2020 and 2021 for eligible employee wages as long as these specific payroll wages and/or group benefits were not directly paid with Paycheck Protection Program (PPP) loan funds. Employers can access up to $5,000 per eligible employee in 2020, and up to $7,000 per eligible employee for each calendar quarter in 2021. Restaurants can now receive up to $33,000 per eligible employee in ERTC across 2020 (up to $5,000) and 2021 ($7,000 for each calendar quarter). To learn more, click here. The National Restaurant Association does caution any restaurant that plans to use ERTC in Q4 of 2021 as Congress may act to no longer allow the credit. You can read more about that by clicking here. If you need help finding someone to help file your paperwork for the ERTC, please contact email@example.com.
Ginsberg’s Expo May 11, 2022
Food Shows are back. Don't miss Ginsberg's Food Show on June 6 in Albany!
Did You Know? Russia is the world’s largest wheat exporter, while Ukraine accounts for a quarter of all grains trade and is the #1 exporter of sunflower oil. April 11, 2022
The Russian War on Ukraine is driving wheat and grain prices up.
Lower Wing Prices March 11, 2022
Rising cold storage supplies of U.S. chicken wings contributed to lower wholesale prices at end of 2021
Vax or Mask mandate lifted February 10, 2022
Mask or Vax rule lifted for restaurants in NY, but not NYC.
Min. Wage Increase December 22, 2021
NY State Minimum Wage is increasing on Dec. 31, 2021.