All posts by: My Franchise CPAs

by in BLOG, FRANCHISE ADVICE, FRANCHISE CERTIFICATIONS

Introduction to 8(a) Certification and How to Qualify

  Introduction to 8(a) Certification and How to Qualify Our last article covered The details of the SSBCI, a fund for minority and low income business owners. Today’s article will cover 8(a) certifications – another valuable tool for minority business owners to advance their goals and build their careers. The 8(a) certification for minority owned […]

by in BLOG, FRANCHISE ADVICE, FRANCHISE FORMATIONS, FRANCHISE TIPS, FRANCHISEES

What You Need in a Franchise Disclosure Document… (and why it is important!)

What is an FDD (Franchise Disclosure Document)? Opening a franchise is a challenge! You may already know the key elements, but the paperwork itself can be quite a lot. Let’s talk about the Franchise Disclosure Document, so that you know the details of that document and how to streamline your franchise into reality! An FDD […]

by in BLOG, FINANCIAL TIPS, FRANCHISE TIPS, SMALL BUSINESS

Inflation in Business: How to Cope as a Franchise Owner

How to Reduce Inflation in Business: Survive Inflation with these Tips! Inflation is an economic situation that materializes when the price of goods and services rises over a sustained period. Consequently, the purchasing power of a country’s currency is reduced.  What happens during inflation? Businesses typically raise prices, accept lesser margins, or reduce production costs […]

by in BLOG, SMALL BUSINESS, TAX ADVICE, TAX PLANNING, TAX TIPS

Section 179 Deduction: Property You Can Deduct!

  Section 179 Deduction: Property you can deduct! As a business owner, you want to maximize your earnings by claiming all possible tax deductions. Taxes are complicated, and they’re considerably more complicated for small-business owners, freelancers, and people with side hustles — especially now, as filers consider the tax implications of small-business assistance programs and […]

by in BLOG, BOOKKEEPING, SMALL BUSINESS

How to Automate Payroll

How to Automate Payroll Accelerate Your Franchise Business With Payroll Automation! All franchised businesses have one thing in common – they need to pay their employees efficiently, accurately, and reliably. No matter how strong your franchisee’s business brand, your company is nothing without the assistance of your key staff. Inaccurate or error-prone payroll or the […]

by in BLOG, FRANCHISE ADVICE, SMALL BUSINESS

Should You Hire W2 Employees, or 1099 Subcontractors?

  Should You Hire W2 Employees or 1099 Subcontractors? When running a business, every entrepreneur must decide whether to hire employees. Once your business grows to the point where hired help is necessary, the choice becomes whether to hire W2 employees or 1099 independent contractors. This decision is important because these types of employees operate […]

    Skip to content