Independent Joe #46 October/ November 2017

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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Inside House Tax Reform

Speaking of the work of the CFA, they sent out a summary recently of the key provisions contained in the House Tax Reform proposal, The Tax Cut and Jobs Act. Currently being marked up in the House Ways & Means Committee, the legislation provides for a reduction in tax brackets from 7 to 4 with…

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Miscellaneous

The 2018 State Business Tax Climate Index by the Tax Foundation was released last week with few surprises in either the top or bottom 10 states in the listing. Less regulation-oriented states populate the 10 most business-friendly while the more progressive “pick up the rear”. Wyoming tops the list, followed by South Dakota and Alaska.…

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The Tide Turns

The Cook County soda tax is going the way of 1917 national predecessor, repealed! The effort first got its real momentum a few weeks ago and then a budget deal was reached last week that cut the tax from the county budget. Tuesday, the County Finance Committee endorsed the repeal effort by a vote of…

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Disaster Relief Signed Into Law

Last Friday, President Trump signed into law the Disaster Relief and Airport and Airway Expansion Act of 2017. Don’t let the airport references in the title fool you, the significance of this bill for small business owners is the relief it provides for those whose businesses were devastated by recent Hurricanes Harvey and Irma. The…

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Revenge ON the Machines

No, we didn’t use the wrong preposition, city officials in San Francisco are indeed targeting the machines, or more specifically those who use machines instead of employees. The idea of hitting employers that utilize technology and automation (read: robots) with additional taxes for making their businesses more efficient (at the cost of employee jobs) first…

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Advancing Tax Reform

President Trump has raised the prospect of significant tax reform and pushed the Congress to focus on passing tax reform measures quickly. Anticipating the release of a tax reform bill and working to advance the tax priorities of franchisees across the country, the Job Creators Network (JCN) and the Asian American Hotel Owners Association (AAHOA)…

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Soda Tax Limbo

Speaking of being in limbo, retailers in Cook County, Illinois are between the proverbial rock and the hard place as relates the county imposed tax on sugary drinks. As we advised last week, the FDA has said that collecting the tax and then giving it back as a refund violates the federal food stamp program…

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