Building an effective franchise recognition program can be a crucial element in promoting the actions, diligence and planning required for being a successful franchisee.
Requirements and specifications for non-traditional locations will alter from franchise to franchise and location to location.
The strategic-planning process offers a stronger approach to running the business by the numbers.
With the expansion of apprenticeship programs through an executive order, America’s 733,000 franchise businesses are helping close the skills gap, creating more middle-class jobs by drawing back Americans who had previously left the workforce.
The Veteran Entrepreneurs Act would provide veterans with a 25 percent tax credit on the initial franchise fee, which the prospective veteran franchisee can elect to pass to the franchisor in exchange for a discount of equivalent value up front.
Bipartisan Members of Congress Promote Minority Franchise Ownership.
IFA’s advocacy efforts ensured more than 500 franchise brands and thousands of franchise business owners are eligible for a new 20% deduction on qualified business income as part of the new tax law.
Whether a large franchisor company with thousands of locations or an individual franchisee successfully running a single unit, delivering affordable health care is one of the most pressing issues facing franchising.
By supporting a commonsense fix to the technical glitch in the tax law allowing for immediate depreciation on the costs of eligible remodels, renovations, and improvements, IFA seeks to improve the bottom-lines of thousands of franchise businesses throughout the United States.
Tax reform improves the business environment for franchisors, franchisees, and prospective investors. IFA frequently engages with Congress and Department of Treasury officials in addressing tax concerns facing franchise businesses. Most recently, IFA secured $8 billion in federal tax savings for franchise businesses each year as part of the Tax Cuts and Jobs Act.