Dunkin’ Donuts Independent Franchise Owners (DDIFO) along with the Coalition of Franchisee Associations (CFA) and other franchisee associations have all signed on to support The Small Business Tax Cut Act which was introduced by Majority Leader Eric Cantor. The tax cut bill, if passed, would decrease small business owners’ taxable income and increase bottom lines. Specifically, The Small Business Tax Cut Act would allow franchise owners to deduct 20 percent of their income from taxes, up to 50 percent of their W-2 wages.
Jason Daley writes at Entrepreneur Magazine: Imagine owning a small business for 20 years, pouring all your time, money and sweat into achieving a decent cash flow and a little equity. Then imagine getting a contract in the mail stipulating that if you want to continue doing business, you must replace thousands of dollars of perfectly good equipment, adjust suppliers or prices or make a dozen other changes that could destroy your bottom line. And if you don’t sign, you more or less forfeit your life’s work.
When franchisee association leaders gathered in Washington last month for the 2011 CFA Day Forum, they were witness to an important piece of franchising history. For months leading up to the June 22 meeting, members of the Fair Franchising subcommittee worked to draft a groundbreaking document, the Universal Franchisee Bill of Rights. Before a conference room of approximately 100 people, the document was read publicly for the first time—by none other than Benjamin Franklin.
Blue MauMau — Some of America’s largest franchise groups formally ratified a franchisee bill of rights on Friday, June 3. The intent of the document is to spell out a framework of a mutually beneficial relationship between franchisor and franchisee. Hospitality, restaurant, convenience store, automotive services and scores of other sectors that franchise are anticipated to be eventually impacted by these franchising standards.
Don Sniegowski of BlueMauMau reports that there is a seismic shift under way in how franchisees approach balance in franchisee/franchisor relationships. It is a multi-pronged strategy headed by the three-year-old Coalition of Franchisee Associations (CFA) that utilizes market forces, collective bargaining and possible legislation.
There’s one legislative issue lawmakers on both sides of the aisle overwhelmingly agree on: The onerous 1099 tax-reporting mandate that snuck into the health-care reform bill has to be repealed.
As the 112th Congress begins to address its legislative agenda, government agencies are busy issuing regulations to enforce the new laws passed last year. From health care to ADA enforcement, regulatory agencies are forcing their way to the front of the political stage. This bulletin is brought to you by Misty Chally , the Executive Director of the Coalition of Franchisee Associations (CFA)Please be aware of the following issues affecting franchisees across the country
On January 12th, and as one of its first acts in Congress, the newly-elected U.S. House of Representatives will vote to repeal the health care bill. For the newly elected Members of Congress, this will likely be the first time that they hear from their constituents. Let them know that you would like to repeal the Health Care Bill.
Jim Coen, President of the Dunkin’ Donuts Independent Franchise Owners, has been selected Vice Chair of the Coalition of Franchisee Associations (CFA). Coen will assume the role previously held by Ron Soto of the Meineke Dealers’ Association.
On Thursday, the House of Representatives voted 234-188 to limit the extension of the 2001 and 2003 tax cuts to “middle income” earners – defined as individuals earning under $200,000 or married couples earning less than $250,000 per year. For all others, the tax cuts would expire at the end of the year, resulting in an increase in estate taxes, the alternative minimum tax, capital gains taxes and personal income taxes. Action Alert!
Small Regular - No Sugar Newsletter is weekly email with news and updates - it is like a virtual cup of coffee with DDIFO Executive Director Ed Shanahan
