Please be aware that there are major economic relief and stimulus packages in progress at both the Federal and Local levels. We have worked closely with industry leadership at the local level to ensure that the relief will be immediate and meaningful and will provide substantial protections to the employees that are the heart of our industry.
We are aware that many of our restaurant groups are actively implementing swift changes to their labor scheduling and operational planning, in response to current declines in business, and we urge you to take a long view of the crisis, where possible. This does not mean you should not adjust your shifts for the next week to match current business levels, but we believe that in non-hotel restaurants you should wait until mid week, when all of the new tools are available, to make longer term plans.
We are constantly monitoring the situation and will provide you with further guidance over the coming days as we collate aggregate sales trend data and the new laws go into effect. As always, clients can reach out to me by phone at any time to talk through things.
Regards -
Matt Hetrick, CPA
President and Owner of CPA Eats