Businesses across the globe are facing unprecedented hardships due to the coronavirus (COVID-19) pandemic. While franchise brands are experiencing the struggle as well, one thing that this unique business model benefits from is community.
Minuteman Press International is inviting fellow franchisees across all industries to band together and support local business during this critical time.
As we all struggle with responding to the COVID-19 pandemic, members of the franchise industry have the responsibility to give where and when we can.
This webinar provided a summation of recently passed federal legislation (the FFCRA and CARES Act) that affect lending facilities to businesses, as well as newly formed Human Resources implications for franchise businesses. The panelist discussed the ways that these new laws affect businesses, with a particular focus on family medical leave and paid sick leave provisions, and their eligibility requirements. Additionally, the panelists discussed best practices for dealing with the public health implications of Covid-19 in the workplace.
In this stimulating and health-focused webinar, Greg Nathan, a registered psychologist and IFA member discussed managing the impact of coronavirus on mental and physical health, as well as on business and personal relationships. Mr. Nathan took a step-by-step approach to actions to be taken that improve mental attitudes, routines, and structures to lessen the anxiety produced by the change and uncertainty induced by Covid-19.
Today Robert Cresanti, CEO of the International Franchise Association announced good news surrounding the year long-delayed implementation of the Federal Accounting Standards Board’s (FASB) ASC 606 revenue recognition rules.
This webinar, featuring returning panelists, outlined changes and updates in negotiating between tenants and landlords given Covid-19-related business uncertainty and slowdowns. The panelists detailed the challenges being faced by both tenants, and landlords, and provided a step-by-step for action by tenants, and guidance on how and what to communicate to landlords. The panelists also discussed the opportunities on the other side of the pandemic crisis.
Attorneys from Lathrop GPM outlined types of relevant business insurance that cover franchise businesses, as well as coverage issues that might come into play as businesses seek to claim against losses incurred by the COVID-19 pandemic. The panelists outlined the typical provisions of business insurance, as well as possible exclusions to coverage. The panelists underscored the need to make your claim, document losses, and seek qualified counsel on business insurance.
This webinar discussed IFA’s role in correcting the Qualified Improvement Property (QIP) provision via the recently passed CARES Act, as well as laid out the technical details of the QIP fix and effects for small businesses. Panelists both explained the requirements of what is QIP, as well as how to claim bonus depreciation.
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