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White Law Office, Co. > Posts tagged "covid-19"

Department of Health Guidelines for Re-Opening Restaurants and Bars

Department of Health Guidelines for Re-Opening Restaurants and Bars

As dine-in services for Ohio’s restaurants and bars re-open, here are some thoughts about the Ohio Department of Health guidelines for in-restaurant dining. For more information, please see coronavirus.ohio.gov or call your local health department. HEALTHY COOKS AND WAITERS. Increased employee monitoring and training are mandated. Bar and restaurant managers have the responsibility to assure on a daily basis that employees are healthy when they report to work and are monitored throughout their shift if they get sick. MASKED WAITERS. With very few exceptions, restaurant and bar workers must be masked. MASKED DINERS. While masks for diners is recommended, except when eating, diner masks are not required. CLEAN, CLEAN, CLEAN. Health Department regulations have historically required regular cleaning of food preparation and dining areas. With the coronavirus regulations, cleaning requirements are now on steroids. Included in the cleaning requirements is a daily deep clean of the entire establishment and, of course, more frequent hand washing and sanitizing by all staff. SPACE. Besides masks and any smells from frequent cleaning, the major thing patrons will notice is increased spacing between tables. Unless physically separated by a barrier, restaurant tables are required to observe the six feet of social distancing. This will also affect the number of people who can gather around a bar while watching sporting events. For many small establishments, this is going to drastically affect the number of customers who can be seated during mealtime. This will, in turn, affect whether the bar or restaurant is profitable. DEMISE OF SALAD AND BUFFET BARS. While restaurants...

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Should my Church (or other Religious Institution) Apply for Federal Loans offered during this Pandemic?

should my church apply for federal loans

By now, you are likely familiar with the SBA’s loans for hard-hit businesses during this national pandemic. All organizations have been impacted in some way by the coronavirus, including non-profit organizations. It is of some relief to hear that non-profit organization can also apply for governmental relief that is available under the CARES Act, such as the Paycheck Protection Program (although it is currently out of funds and no longer taking new applications) and the Economic Injury Disaster Loan Emergency Advance. Through a set of FAQ’s, the Small Business Administration made clear not only that faith-based organizations are eligible to receive financial assistance under the CARES Act, but also attempted to provide some protection from concerns regarding the impact on religious institutions receiving a federal loan. However, these assurances must be taken cautiously. Positives There are several clarifications that these FAQ’s provide that are encouraging for religious institutions, namely: Religious institutions are included in those eligible for the Paycheck Protection program, regardless of whether they provide “secular social services.”There are no special qualifications for religious institutions receiving these funds. The same limitations that apply to other recipients of these loans apply, including that forgiveness will cover non-payroll costs only up to 25% of the total loan. Loans can be applied to pastoral salaries.Organizations retain their autonomy and ability to make decisions, including the right to define the responsibilities of membership and select individuals to perform work (but see the caution below).Non-discrimination provisions, which are an inevitable part of federal grants, are intended to be...

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Practical COVID-19 Finance Tips from a CFO

Fear and uncertainty are what most people are dealing with emotionally and financially these days.  Control over many aspects of life has been taken away or changed.  There are not a lot of options at this point, other than to abide by directives from the government and do our part.  Your financial situation may have changed, and you could be wondering what to do now, or maybe it hasn’t changed and you’re wondering if your emergency reserves will hold up. If you’re one of the many that has found themselves unemployed, look to see if Fannie Mae or Freddy Mac own your loan.  You can possibly get your payments deferred for up to 12 months.  If they do not own your loan, talk to your lender to see what your options would be. Ideally, you should have enough in cash reserves to last several months.  However, reality is that many Americans do not.  Below is a list of a few practical things to help build up cash reserves during this time:  Hit pause on your goals to make sure you’ve got enough in reserves.  Reallocate dollars you were putting towards these goals into your cash reserves.Pay minimum payments on everything in order to build up cash reserves.Research to see if you can put your student loans on deferment if you get to the point where you need to.Cancel unnecessary subscriptions.Look at ways to lower your fixed expenses.Eat lessShop for better insurance, cell, and internet rates Many people go into panic mode and make decisions...

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