How ROBS 401k Financing Can Unlock Growth for Franchisees
Learn about the basics of ROBS 401k Financing, benefits and challenges of the method, and what franchisees should consider before taking the first step.
7 Best Practices for Franchise Accounting
By Charles Dean Smith, Jr., CPA Strong accounting practices lay a solid foundation for building success as a franchise owner. In this article, the experts [...]
A Glossary of Common Franchise Terms
When considering purchasing a franchise, it’s helpful to first become familiar with various terms and concepts. In this article, we'll outline common franchising terms in four categories.
IRS Flags Phishing and Smishing in 2024 Tax Scams Alert
The IRS warns of phishing and smishing as top threats in its 2024 “Dirty Dozen” tax scams list. These tactics use fraudulent emails or texts posing as the IRS to extract personal and financial data. IRS Commissioner Danny Werfel urges caution, emphasizing the IRS does not initiate contact via email or text for such information.
For Franchises: Strategic Management Tools
In this article, we’ll outline types of strategic management tools for franchises and dive further into the various benefits.
The Future of the Franchise Model
Learn about the future of the franchise model and best practices of successful franchises.
IRS Launches ERC Voluntary Disclosure Program
The IRS launched the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP), providing an opportunity for employers to correct mistaken Employee Retention Credit (ERC) claims penalty-free, with submissions due by March 22, 2024.
Tax Relief for American Families and Workers Act of 2024
On January 31, 2024 the House of Representatives passed the Tax Relief for American Families and Workers Act, providing business tax breaks and expanded child care credits. Learn if you should consider filing an extension for your 2023 individual and business tax return and consult with a professional tax advisor for evaluation.
IRS Announces $1 Billion in Penalty Relief
The IRS has introduced a $1 billion penalty relief program to assist approximately 4.7 million taxpayers who did not receive automated collection reminders during the COVID-19 pandemic.
1099-K Reporting Requirement Delayed for 2023; New, Phased-In Approach for 2024
The IRS delayed implementing new, lower reporting requirements for Form 1099-K in 2023 and announced a phased-in approach for 2024.