At least it seems to be in Portland Oregon! The city is set to advance an initiative to the November ballot that would impose a one percent gross receipts surcharge on businesses with more than $1 billion in national revenue and over $500,000 revenue within the city. The city council is currently debating whether to…
Read More »Still on the loose, Democratic Socialist Senator and former democratic presidential candidate Bernie Sanders filed legislation last week that would require employers with at least 500 employees to reimburse the government for the cost of government assistance programs (such as food stamps, public housing, and the like) on which their workers may rely. The bill,…
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The more things change the more they stay the same. That’s the theme when it comes to a couple of critical federal regulations that have the potential to have a big impact on the bottom line of the quick service industry. Victory celebrations over the rollback of the joint-employer rule turned out to be short-lived,…
Read More »No, there won’t be any there, but the subject will certainly be discussed in detail and it couldn’t be more timely – each day we read of businessmen, politicians and others losing their jobs or livelihoods because of harassment allegations. At the annual Northeast Regional Meeting on Tuesday, March 13, 2018 at the Sheraton Needham…
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Good old 2017 ended with a bang, with the Trump Administration making good on its promises to axe a controversial ruling that Dunkin’ and other franchise owners have argued undermines the very foundations of franchising. The National Labor Relations Board has dumped the Obama-era joint-employer rule, which had sowed confusion and stirred fears of unionization…
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There is always a certain amount of fear and trepidation about the unknown. Think back to 1999 as we approached the turn of the millennium and the catastrophes that were forecast to accompany Y2K, as it was then known. To hear some tell it back then, computers were going to think the year was 1900,…
Read More »The New York State Department of Taxation and Finance has submitted recommendations to Governor Andrew Cuomo to change the state tax code in order to minimize the impact that the federal Tax Cuts and Jobs Act (TCJA) will have on wealthy New Yorkers. The TCJA caps state and local tax deductions (SALT) at $10,000 per…
Read More »And for the record, the new federal tax reform law, which doubles the exemption from the federal estate tax for the next 8 years, after which the higher threshold sunsets. But in New Jersey, outgoing Governor Chris Christie succeeded in eliminating the state tax on inheritances completely back when he signed a tax overhaul bill…
Read More »As we’re all no doubt aware, the tax reform debate is THE top issue being discussed currently in the Nation’s Capital. Yesterday, the US House advanced its tax reform legislation and sent it to the US Senate by a vote of 227 – 205. The bill as approved by the House represents a tax cut…
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Sure, the franchise world is tough, but measuring success isn’t all that complicated, according to Don Fox, chief executive of Firehouse Subs. “Growth is not an option,” Fox told Dunkin’s franchise owners gathered at the DDIFO National Conference, held this year at Foxwoods Resort Casino on Oct. 30-31. “In business as in most things in…
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