CPA Practice

DECEMBER 19, 2023

A delay allows business owners to specify a future effective date on their registration forms, granting them control over when their company officially becomes a legal entity. In a delayed filing, the business controls when the company officially becomes a legal entity. Let’s look at both options.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

CPA Practice

MAY 10, 2024

Suzanne Konstance will succeed Dubey as General Manager of Wolters Kluwer Legal & Regulatory U.S, part of the company’s Legal & Regulatory division, effective May 1. She has a wide range of SALT experience including income and franchise, sales and use, provisions, compliance, M&A and transactions work, and audits.

Tennessee 64

Tennessee audit New York income tax 64

TaxConnex

JULY 15, 2022

Several recent court cases show how tricky the legal system can be for online sellers managing sales tax obligations. that an out-of-state travel agent that used independent travel consultants in the state was doing business in Wisconsin and is responsible for the Wisconsin franchise tax. Lack of energy. has ruled ?that

Wisconsin 157

Wisconsin Louisiana Washington Arizona 157

PYMNTS

JULY 17, 2018

Employees hit with costs to make purchases with their payroll cards, withdraw cash at ATMs, check balances and other everyday banking needs are fighting back against those fees, and introducing new conversations about the legal language of “lawful money,” employee protections and beyond.

Legal 40

Legal payroll Georgia Alabama 40

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. This provides an efficient legal system for companies, with results that are often predictable when compared to courts in other states. There is a Delaware franchise tax as well as a gross receipts tax on companies.

Delaware 52

Delaware Nevada Tax Sales 52

xendoo

SEPTEMBER 13, 2021

As franchisors work to sell franchises, one question they will always be asked is, “how much money can I make?”. The answer to this question can be found within one section of the Franchise Disclosure Document: Item 19. While a franchise may be profitable as a whole, individual success can vary. What is Item 19? .

bookkeeping 52

bookkeeping bookkeeping services accounting software Legal 52

Withum

OCTOBER 12, 2022

Over the past 7 months, Ford dealers have been on a rollercoaster ride tied to the comments of Ford’s CEO, Jim Farley, who has made a habit of voicing plans and theories on automotive retail that are inconsistent with logic, in some cases, and inconsistent with franchise laws in nearly all cases. Contact Us.

Legal 52

Legal Retail New York California 52

CPA Practice

FEBRUARY 8, 2024

She found a different franchise operator that was not identified owed the city $584,000 for four years ending in 2020, the suit said. Among other highlights, the lawsuit said her review of one unnamed franchisee showed the city was owed more than $3 million in uncollected fees.

audit 59

audit Account accountant accounted 59

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. When Delaware first established the Court of Chancery in 1792, it sought to provide a legal “remedy” for corporate entities not found in the common law for the rest of us. The Delaware franchise tax.

Delaware 64

Delaware Wyoming Nevada Oregon 64

SMBAccountant

OCTOBER 21, 2020

Bad Debt – both actual and estimated losses from uncollectible accounts receivable including collection costs and legal costs are not allowed. Taxes – federal income and excess profit taxes are disallowed, but state and local taxes including property, franchise, and income taxes are allowed.

Government 100

Government general ledger Account accountant 100

xendoo

APRIL 14, 2021

As we’ve seen, there are a ton of fantastic, low-cost franchise opportunities out there that will give you a lot of advantages in starting up your new business. But as much as a good franchise can boost your chances of success, there is one threat to your new franchise which will always be present—your business competition.

bookkeeping 90

bookkeeping Technology financial statements Legal 90

xendoo

APRIL 27, 2021

As a fitness franchise owner, you know very well the challenges of getting new members through the door, even in the best of times. Major gym franchises like Gold’s Gym have filed for bankruptcy protection, and others may soon follow. So what’s the best way to boost customer loyalty at your gym franchise? Referral Rewards.

Start-ups 52

Start-ups bookkeeping Legal Tax 52

Withum

MARCH 3, 2022

Since the OEMs have been so successful in skirting franchise laws with online EV sales, they’re now trying it for their standard vehicle line-up. Attorneys around the country are working to bolster franchise laws by defining what it means to be a dealer, but that window is closing fast.

Manufacturing 52

Manufacturing Legal Sales Gaming 52

Shay CPA

DECEMBER 27, 2023

You might need to pay the current calendar year’s franchise tax before you can officially close up shop, for example. Submit your final tax filings Some states (including Delaware) require you to get fully paid up on your taxes before you can dissolve your corporation. Acting fast might save you from being subject to 2024 taxes.

general ledger 52

general ledger Delaware Tax payroll 52

Going Concern

JANUARY 4, 2024

Glenn provides strategic input to executive leadership, manages the firm’s legal department, and oversees a wide variety of legal matters. In addition to 20 partners, the firm also added five managing directors and one executive director: Sharon Glenn (Seattle, Wash., General Counsel). Shane Griffiths (Seattle, Wash.,

Real Estate 59

Real Estate Hospitality Construction audit 59

CPA Practice

APRIL 17, 2023

She mainly ran the franchises through partnerships and S corporations. In the late-1990s, the CPA ran into legal trouble with her business partner, NFL Hall of Famer Nick Buoniconti. But those tax breaks have expired. Facts of the new case: A well-known CPA operated 15 Fuddruckers restaurants from 1983 through 2011. million in 2014.

CPA 52

CPA tax return income tax Tax 52

inDinero Accounting

OCTOBER 16, 2023

Legal Documents While the legal business documents required can vary between SBA lenders, it’s wise to organize your business documentation so that you are prepared to provide copies of any and all business structuring or legal documents.

tax return 95

tax return Real Estate Non-Profits income tax 95

Cherry Bekaert

AUGUST 25, 2023

Auto Dealership 1 Auto Dealership 1 is a franchised group of six automotive dealerships headquartered in Pennsylvania. They are part of a group of companies that include four other dealerships with more than 400 full-time employees before the pandemic.

Pennsylvania 97

Pennsylvania Government tax return Tax 97

Shay CPA

FEBRUARY 28, 2024

D&O [Founder Shield], liability, workers’ comp) Legal & Professional (e.g., Delaware Franchise Taxes) Training/education Utilities (e.g., . — for a more in-depth look, check out this blog) Dues and subscriptions (e.g., Loom, Linkedin, Amazon Prime) Employee benefits (e.g., Guideline 401k) Equipment/machinery (e.g.,

Tax 52

Tax CPA bookkeeping tax preparation 52

Withum

FEBRUARY 9, 2024

According to Forbes, the average value of sports franchises has increased over 250% since 2000. Passive Activity Losses Currently these types of investments are considered safe due to their continued growth and appreciation. Contact Us For more information on this topic, contact our Professional Sports Services Team.

Sports 52

Sports Non-Profits Tax income tax 52

PYMNTS

MAY 2, 2019

As PYMNTS covered in February, UMB Financial Corporation teamed up with Bottomline Technologies to integrate an accounts payable management offering for corporate customers.

Technology 43

Technology Spend Management Solutions accounts payable Legal 43

PYMNTS

MARCH 14, 2016

In its attempt to prove that it is not , at a corporate level, responsible for the hiring and pay decisions made at the 90 percent of its 14,000 domestic locations that are franchised, McDonald’s has had to deal with the exposure of a number of operational practices that, as the AP story intones, do not necessarily put the company in the best light.

New York 40

New York Legal Sales Retail 40

Snyder

FEBRUARY 7, 2023

Professional service Legal and professional fees Though accounting, legal, and consulting services help a lot with business development, they’re very expensive. Professional service fees Any legal, accounting and bookkeeping services fees that are needed for your business are also deductible. What is a 100% tax deduction?

Tax 98

Tax business tax Real Estate Legal 98

PYMNTS

JULY 17, 2019

National Football League franchise the Oakland Raiders has been named in a lawsuit amid allegations of non-payment for construction on the team’s new stadium in Las Vegas. According to the publication, the legal dispute has not compromised construction on the stadium, with the project expected to be complete next month.

Construction 41

Construction accounts payable Legal Gaming 41

MyIRSRelief

APRIL 22, 2024

Failing to file tax returns can lead to penalties and potential legal issues. What should I do if I receive a notice of audit from the IRS or California Franchise Tax Board (FTB)? How Can I Resolve Unfiled Tax Returns in Corona, CA? Consult with a Tax Professional: Get help to understand your tax obligations and potential penalties.

Tax 130

Tax payroll tax tax return payroll 130

PYMNTS

APRIL 8, 2019

His job includes oversight of the payment card network’s legal affairs, public policy, corporate governance and compliance. “He He is also responsible for Mastercard’s franchise, corporate security, privacy, and global inclusion teams,” the statement reads. Murphy has served on the group’s board of trustees since 2015.

Healthcare 49

Healthcare New York Legal Government 49

PYMNTS

APRIL 12, 2019

“Executives at some small banks say they feel like they are becoming franchises of the core providers because they are so reliant on their technology.” Some companies have begun to initiate legal action, turn to smaller FinTech competitors, or contract negotiations to address the issues they’re facing, reports noted.

Technology 49

Technology New Jersey B2B Legal 49

LyfeAccounting

JULY 6, 2021

Leases and contracts – you want to learn who the business is legally tied to. Consider if you want to buy a business or open a franchise. Buying a franchise is somewhat similar to buying a business but the main difference is buying a franchise gives you less control.

Non-Profits 52

Non-Profits accounting and finance Sales Finance 52

LyfeAccounting

JULY 27, 2021

For example, if one property losses a lawsuit against a tenant then only that property or that LLC is going to be responsible for the legal damages. That’s why keeping track will be easier while at the same time exposing you to less legal risk. Less legal risk. More legal risk. Owning 5 or more properties.

Real Estate 52

Real Estate Legal accounting and finance Start-ups 52

Basis 365

APRIL 4, 2022

Therefore, prioritizing new employees over legal responsibilities can become detrimental if those tasks get pushed to the back burner for the sake of time restrictions. The Break-Even Point Of course, the beauty of hiring the right employee is knowing that their work will ultimately benefit your franchise in the long run.

Construction 75

Construction Legal Tax Account 75

PYMNTS

MAY 4, 2019

That honor fell to Ray Kroc — who made the idea famous when he opened the first McDonald’s franchise in Chicago eight years later. The concept was invented by a Guatemalan McDonald’s franchise operator, Yolanda Fernández de Cofiño, in the mid-70s. and leading the field when it came to introducing mobile order-ahead to the market.

Missouri 53

Missouri Colorado Legal New York 53

PYMNTS

OCTOBER 26, 2017

McDonald’s franchise owners in Pennsylvania have settled a lawsuit filed in 2015 over their use of payroll cards, news reports on Wednesday (Oct. Legal action surrounding payroll cards and their fees is taking place in New York state. overruled efforts by the defendants to dismiss the case.

payroll 46

payroll Pennsylvania New York Legal 46

PYMNTS

SEPTEMBER 17, 2020

DraftKings already has similar arrangements with three NBA franchises: the Boston Celtics, Indiana Pacers and Philadelphia 76ers. The Pacers and 76ers’ partnerships cover both fantasy sports and sports betting since both Indiana and Pennsylvania have legalized sports gambling, according to sportsbook publication Sporttechie.

Gambling 67

Gambling Sports Indiana Nevada 67

Shay CPA

DECEMBER 7, 2022

State franchise and income tax accounts. When you’re winding down your company, it’s important to continue to rely on a trusted legal and tax advisor to make your transition as seamless as possible. . Workers’ compensation. Disability insurance. Sales tax accounts. We can help.

tax accountant 59

tax accountant Tax tax return Account 59

Shay CPA

FEBRUARY 15, 2023

D&O [Founder Shield], liability, workers’ comp) Legal & Professional (e.g., Delaware Franchise Taxes) Training/education Utilities (e.g., . — for a more in-depth look, check out this blog ) Dues and subscriptions (e.g., Loom, Linkedin, Amazon Prime) Employee benefits (e.g., Guideline 401k) Equipment/machinery (e.g.,

Tax 52

Tax CPA bookkeeping tax preparation 52

PYMNTS

JULY 24, 2018

Legal action emerged in Pennsylvania in the form of a class action lawsuit, filed in 2015 against McDonald’s franchise owners. Reports noted that employers in the state will need to review their payroll policies in preparation for the potential regulations.

payroll 40

payroll New York Alabama Georgia 40

PYMNTS

AUGUST 8, 2017

Though small-scale public offerings have existed legally for some time (via Regulation A) they have historically been a high-complexity vehicle with a low $5-million ceiling that few companies ever bother to make use of. It will, however, be a franchise-only operation.

Construction 47

Construction Start-ups Legal Maine 47