Restaurants Are Getting Cooked (Talking Tax)
Channel: ThinkTech Hawaii
Date: 2024-01-16

Back GET Assessments on RRF Relief Funds.  The hosts for this show are Mark Coleman and Tom Yamachika.  The guest is Russell Ryan.  

Because of the national impact of the pandemic, various relief programs were enacted by the federal government and helped ease the pain of individuals and businesses throughout the State--for example, Paycheck Protection Program (PPP).  Some programs offered grants, or loans that were forgiven later, which normally result in income to the recipient of those benefits.

In 2021, the federal government granted further relief to affected individuals and businesses, in the Restaurant Revitalization Fund (RRF) program and the Shuttered Venue Operators Grant (SVOG) program.  

In 2023, however, DOTAX targeted restaurants that had received benefits under RRF.  The department said that those benefits were taxable and demanded back GET taxes from the businesses although the restaurants already had spent the money (which they were required to do under the federal program).

The ThinkTech YouTube Playlist for this show is https://www.youtube.com/playlist?list=PLQpkwcNJny6lmEllOKP493URXssFT4N7G

Please visit our ThinkTech website at https://thinktechhawaii.com and see our Think Tech Advisories at https://thinktechadvisories.blogspot.com.

ThinkTech Hawaii streams from 10:00 am to 5:00 pm HST on weekdays.  Check us out any time for great content and great community.

If you have any questions, please send them to: questions@thinktechhawaii.com.

Our vision is to be a leader in shaping a more vital and thriving Hawaii as the foundation for future generations. Our mission is to be the leading digital media platform raising public awareness and promoting civic engagement in Hawaii.

ThinkTech Hawaii is a Hawaii Non-Profit Corporation: 

President and CEO - Jay Fidell
Executive VP and COO - Carol Mon Lee
Production Manager - Hayley Ikeda
Administration Manager - Maria Sabio
Station Manager - Michael Pangilinan
Broadband Provider - Servpac Inc.

Underwriters:
Atherton Family Foundation
Carol Mon Lee
Center for Microbial Oceanography Research and Education
Michael Sklarz
The Cooke Foundation
Hawaii Energy
Hawaii Energy Policy Forum
Hawaiian Electric
Galen Ho of Immersive Worlds
Kamehameha Schools
Roberts S. Toyofuku and Pacific Law Institute
Sharon Y. Moriwaki
Shidler Family Foundation
Sidney Stern Memorial Trust
Volo Foundation
Yuriko J. Sugimura

ThinkTech treats this video as licensed under a creative commons license, and invites the public to view, distribute, disseminate and share it under the terms of that license.

The information in this video is not to be relied upon as legal, medical, accounting or other professional advice. For legal, medical, accounting or any other advice, please consult with your own professionals.

The views and opinions expressed by the hosts and guests in this video are their own and do not necessarily represent the views and opinions of ThinkTech, its management or staff or other organizations with which our hosts and guests are associated.