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Steve Bickert

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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: McDonald's management, 2017 Federal Tax Reform

The Next Gen Transition: How McDonald’s Franchisees Can Save Taxes and Maintain Cash Flow

Posted by Steve Bickert on Tue, Nov 8, 2016

When McDonald’s Owner/Operators consider retirement – especially if there is a Next Gen involved – it is advantageous to begin the process as early as possible.

The longer the time frame, the more options you have. Selling or gifting the entire business all in one year can result in unnecessary tax implications. If you have the ability to transfer over the course of time, you are provided with many more options.

We’ve been advising McDonald’s Owner/Operators on Next Gen transitions for decades, and have well-tested strategies to make the transition as easy – and as profitable – as possible.

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Topics: McDonald's management

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