Franchise accounting is a unique field. For a small franchisee the accounting can be complex.
Typically a franchise to pay a monthly royalty to the franchisor which is usually due in the following month creating a payable.
Start Up Fees
The fee to purchase the rights to the franchise are deductible over the life of the franchise agreement.
Marketing and Advertising
A benefit of buying into a franchise is that you buy into marketing power. Often this comes in the form of an additional monthly expense paid to the franchise. These fees a treated similar to royalties for accounting purposes.
Franchise Accounting, and Tax Support Services
- Franchise accounting
- Tax return preparation
- Tax planning
- Tax advantage strategies for your franchise
- Individual income tax return preparation and planning
- Payroll tax preparation
- Payroll processing
- Retirement planning advisory
Franchise Locations Currently Served