Plante Moran can help franchise businesses build one success after another
Recent data predict a slow recovery for the nation’s franchising industry. Economic forecasts indicate only marginal increases in the number of jobs, revenues, and the number of establishments. As a result, it is more important than ever for franchisors and franchisees to adjust their strategies for the new market conditions.
Understanding the issues facing the industry is very important, because a successful enterprise must have a vision. With a vision and sound strategic objectives, an enterprise will be in a better position to maximize opportunities and successfully respond to challenges in this new marketplace.
Franchisors and franchisees can depend on the experience and insights of our multidisciplinary team of business advisors, accountants, and tax professionals to help them navigate through these challenging times and achieve their strategic objectives.
Operational effectiveness can spell success
Success in the marketplace is measured by operational effectiveness and development of efficient strategies throughout a franchise’s life cycle.
Financial statements and tax returns provide insights into successful business operations; however, behind the numbers is where effective strategies can maximize cash flow and minimize costs. This is where convincing stories of your operational fitness and financial health begin.
Our team has developed a menu of proven solutions and strategies customized for the franchise industry. A sample of our unique, value driven solutions include: employee benefits consulting, succession planning, contingency planning, strategic planning, loss prevention, royalty audits, real estate advisory, and business valuation.
For instance, when it comes to understanding how the new healthcare legislation impacts your business, you can depend on our employee benefits consultants. They can help you determine if your enterprise qualifies for sliding scale tax credits to help pay for healthcare coverage for your employees. They can also help you anticipate changes that will go into effect in the next few years as a result of the reform bill. For instance, they can help you determine if you will be required to offer coverage and/or be subject to penalty.
Full menu of services for the franchise industry
Because of the depth of Plante Moran resources, our team can draw on a tax department that continually monitors legislative, regulatory, and precedent setting developments. Our tax specialists are well versed in cost segregation studies, nexus, and work opportunity credits. And when you are deciding how to structure your business, they can help you model various entity options to decide which one best fits your goals.
You can also rely on our technology consultants to help you protect your customer information and comply with the requirements of the payment card industry including PCI DSS compliance.
At Plante & Moran, we are committed to your success and these are just a few ways you will benefit from the depth of our franchise industry team.
Your success; our priority
Because Plante Moran makes client success a priority, our professionals are always looking for creative ways to anticipate and analyze the issues facing the franchising industry in order to help you optimize your profits. You can count on us to not only use our unique abilities to lend perspective to challenging issues, but to offer solutions and strategies to further your success.
Strategy begins with building on the past, acknowledging the present, and looking toward the future. Let our industry experts help write your story of marketplace success. When you enter into a relationship with us, you will see and feel an immediate difference.