John Mollica on Franchise QB Podcast: Episode 9
John Mollica on Franchise QB Podcast: Episode 9
All posts by: My Franchise CPAs
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 […]
SSBCI State Small Business Credit Initiative
FROM THE NEWS: $10b in SSCBI Funding is Now Being Distributed to Business Owners Introducing the State Small Business Credit Initiative and How it can Help You In 2010, the federal government created the Small Business Job Act. The Small Business Credit Initiative (SSBCI) is an integral part of this program. Designed to aid on […]
How To Get Out Of A Franchise Agreement
How To Get Out Of A Franchise Agreement Franchisees should always have an exit plan in place to sell their franchise. Whether they did a great job, prepared well for retirement, and are ready to retire, or they made some mistakes and need to make an exit, franchisees eventually need to return their holdings to […]
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 […]
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 […]
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 […]
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 […]
How to Save on Business Taxes in 2022 and Beyond
How to Save on Business Taxes in 2022 and Beyond It’s that time of year again – tax season. If you have a small business, there may be tax loopholes that you were not aware of that can save you money this tax season! There are ways to invest business profits to lessen your taxable […]
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 […]