4Thought Blog

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Buying a New Restaurant? Borrow Techniques from a Turnaround CFO

Posted by Ryan Moore on Thu, Nov 15, 2018

Growing your business is the primary focus of every entrepreneur. Whether growth occurs by way of increasing sales and cash flows at existing business divisions or via acquisition and expansion, the challenges faced are often strikingly similar.

That being said, let’s examine for a moment the prospects and hurdles one will often face when buying a new restaurant, through the lens of a turnaround CFO.

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Topics: Small business, McDonald's management, Business consulting

Business Succession Planning: How to Start Your Exit Plan

Posted by Concannon Miller on Thu, Nov 8, 2018

The business world is in for a major generational shift – a recent survey found 79% of business owners plan to exit their businesses within the next 10 years.

The survey, conducted by the Business Enterprise Institute and the Conway Center for Family Business, found more surprising statistics. Only 30% of family-owned businesses succeed in transitioning their business to the second generation, and only 10% succeed in making it to the third generation!

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Topics: Succession planning, McDonald's management

The Exit Path: Transfer Ownership of Business to Active Family Members

Posted by Angel Chiariello on Thu, Oct 11, 2018

In many ways, selling to a third party is far easier than selling to a family member – it is usually less emotional, and the focus is entirely on transferring the business.

To sell to a family member, it requires a plan for working with your family, transferring your knowledge and transferring the business. Of course, from our experience, the extra effort is worth it when you are rewarded with seeing your business continue on as a legacy for generations to come.

To accomplish your exit plan, you will need to plan early and communicate openly and often. Both parents and Next Gens must set expectations, and put the plan in writing. If you have an exit planning team, they can help keep you focused on achieving your goals and keep you on track in the process.

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Topics: McDonald's Next Gen, McDonald's management, Succession planning

New Guidance on Taking Advantage of Expanded Bonus Depreciation

Posted by Concannon Miller on Tue, Aug 21, 2018

Federal tax reform through the Tax Cuts and Jobs Act significantly expands bonus depreciation under Section 168(k) of the Internal Revenue Code for both regular tax and alternative minimum tax purposes. Now, the IRS has released proposed regulations that clarify the requirements that businesses must satisfy to claim bonus depreciation deductions.

Although the regs are only proposed at this point, the IRS will allow taxpayers to rely on them for property placed in service after September 27, 2017, for tax years ending on or after September 28, 2017.

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Topics: 2018 Federal Tax Reform, Business tax planning, McDonald's management, Manufacturing, Construction & Real Estate Development

Tax Reform Mostly Increases Depreciation Opportunities for McDonald’s Franchisees

Posted by Steve Bickert on Tue, Jun 26, 2018

Federal tax reform through the Tax Cuts and Jobs Act provides many new tax benefits to McDonald’s Owner/Operators, including some major depreciation changes, most of which are beneficial, as we interpret the tax law changes.

Under the new act, Bonus Depreciation is increased from 50% to 100% for qualifying property. The new provision also expands Bonus Depreciation to include both new and used qualifying assets, assuming they are acquired under an arms-length transaction. Thus, in a sales between operators transaction, the equipment allocation is now eligible for Bonus Depreciation.

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Topics: 2018 Federal Tax Reform, McDonald's management

Tax Reform & McDonald’s Franchisees: The Benefits

Posted by Tony Bragano on Thu, Apr 12, 2018

The Tax Cuts and Jobs Act is massive, but here are a few changes that may benefit McDonald’s franchisees.

Qualified Business Income Deduction

The new 20% Qualified Business Income Deduction (QBI) is one of the biggest tax benefits for small business owners including McDonald’s franchisees in more than 60 years.

Here are the basics:

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Topics: 2018 Federal Tax Reform, McDonald's management

New Federal Budget Agreement Brings Additional Tax Changes

Posted by Concannon Miller on Thu, Feb 15, 2018

money--capitol.jpgThe ink on the Tax Cuts and Jobs Act (TCJA), which swept in a tidal wave of changes to federal tax rules, had been dry for only seven weeks before Congress passed more legislation that could affect many taxpayers. The Bipartisan Budget Act of 2018 (BBA), which President Trump signed into law on February 9, 2018, contains several tax-related provisions that could reduce the amounts some taxpayers owe for the 2017 tax year.

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Topics: Individual tax planning, Business tax planning, McDonald's management

New Tax Law Offers Favorable Tax Breaks to Businesses, Business Owners

Posted by Concannon Miller on Tue, Jan 2, 2018

The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, contains a treasure trove of tax breaks for businesses.

Overall, most companies and business owners will come out ahead under the new tax law, but there are a number of tax breaks that were eliminated or reduced to make room for other beneficial revisions.

Here are the most important changes in the new law that will affect businesses and their owners.

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Topics: Business tax planning, McDonald's management, Manufacturing, 2018 Federal Tax Reform

Business Equipment Tax Breaks Enhanced for McDonald’s Franchisees, Manufacturers, More

Posted by Concannon Miller on Thu, Dec 28, 2017

If your business is buying new equipment in 2018, you’ll be able to benefit in several ways under the new tax reform law, commonly referred to as the “Tax Cuts and Jobs Act” (TCJA), which was signed into law by President Trump on December 22. You even may be able to take advantage of some of the enhancements on your 2017 tax return!

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Topics: Business tax planning, McDonald's management, Manufacturing, 2018 Federal Tax Reform

Your McDonald’s Franchise Investment/Re-Investment – Will It Really Pay Off?

Posted by Ryan Moore on Tue, Apr 11, 2017

The business of owning and operating a McDonald’s restaurant franchise is without a doubt, capital intensive. From the hefty initial investment to the steady stream of re-investments to keep your restaurant operating at peak performance, the amount of capital poured into your business is substantial.

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Topics: McDonald's management

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