IRS Reaffirms Penalty Relief

Earlier this week, the Internal Revenue Service (IRS) acknowledged and reaffirmed that taxpayers in certain situations are entitled to penalty relief when they can show reasonable cause and not willful neglect for the failure to pay. The issue, which largely stemmed from the Employee Retention Tax Credit (ERTC) and the ongoing backlog of tax returns,…

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Make an Impact in Washington DC

In the wake of the aforementioned success, this seems a perfect time to implore our franchisee subscribers to attend the Coalition of Franchisee Associations (CFA) Lobby Day in Washington, DC on June 22, 2022. As evidenced by the very favorable results on ERTC penalty relief that we detailed above, the CFA Lobby Day gives franchisees…

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Top Franchise Influencers

We want to recognize and congratulate Coalition of Franchisee Associations (CFA) Chairman (and multi-unit Dunkin’ franchisee) John Motta on his being named one of the Top 175 Franchise Influencers for 2022. The annual compilation of leaders/influencers in the franchise industry by the online magazine 1851Franchise.com is not considered a ranking per se, but rather an…

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Miscellaneous

Calling 2022 a year of transition, the National Restaurant Association (NRA) last week released its 2022 State of the Industry Report. In it, the NRA reported that a full 96% of restaurant operators experienced supply delays or shortages during the past 12 months and project those challenges to continue in 2022. In addition, the report…

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CFA Elects New Leadership

We want to welcome and congratulate the new officers of the Coalition of Franchisee Associations and are happy to report that the new chairman is an active member of DDIFO, franchise owner John Motta. John takes the reins from Keith Miller, a California multi-unit Subway franchisee who has guided the CFA with great skill for…

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IRS Formally Withdraws Section 2704 Regs

As the US Treasury advised would happen a few weeks back, the Internal Revenue Service this week officially withdrew the Section 2704 regulations implemented by the Obama administration last year. Ostensibly, the regulations targeted the process of valuation of business interests for estate or gift tax purposes with an eye of more stringently taxing family…

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AAFD To Honor CFA’s Keith Miller

The American Association of Franchisees and Dealers (AAFD) will be celebrating its 25th Anniversary Franchisee Leadership Summit from April 30 – May 3 at the Indian Wells Resort & Spa in Indian Wells, California. At the event’s Franchising Awards banquet and gala on Tuesday, May 2, the organization will present Coalition of Franchisee Association (CFA)…

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Florida Hearing Set for Tuesday

The delayed public hearing on the Protect Florida Small Business Act, which will restore some semblance of balance to the franchisee-franchisor relationship in Florida is now set for this coming Tuesday, April 4 between 4:00-6:00 PM in the state capitol in Tallahassee. The bill (SB 750) will be heard by the Florida Senate Committee on…

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IRS Changes Hit at Hearing

A public hearing was held last week on the new IRS regulations governing Estate and Gift Tax Exemption, and small business owners and family-owned businesses were out in full force to oppose their proposed tax increases on family gifts. Recall that back in August, the Treasury Department released proposed regulations to dramatically curtail use of…

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