Navigating to a new day: Antares Group hosts virtual financial symposium
It’s a new day in this post-COVID world. Much has changed in the past several months, and we want to shed light on some topics that are most relevant to you and your business. To help you navigate through this ever-evolving environment, Antares Group is hosting a virtual financial symposium specifically for McDonald’s owner/operators. This symposium […]
IRS Free File is good option for many employees
Younger taxpayers who want to get a head start on filing their taxes can take advantage of IRS Free File. IRS Free File, which will open to taxpayers on Monday, Jan. 27, is available for taxpayers with modest incomes – less than $69,000 – making it the ideal solution for hourly employees and those still […]
Are you spending enough on advertising?
As the year-end approaches, McDonald’s owner/operators need to be sure they have spent enough throughout the year on advertising efforts. With the launch of BBV2020 in 2018, the spending requirement for owner/operators was reduced from 4 percent of annual sales to 3.2 percent of sales. Between the national advertising spending through OPNAD of 2 percent […]
Using credit cards for food, paper costs does not add up
Purchases of food and paper is a significant and ongoing expense for restaurant owners, so it is natural that McDonald’s owner/operators would be looking for alternative ways to pay for the product without compromising cash flow. American Express offers a program that at first glance would appear to offer some valuable perks. For instance, it […]
Submit current W-9s to avoid backup withholding
“The only constant in life is change.” This quote has been attributed to Greek philosopher Heraclitus, and between the sales and purchases of restaurants, transfers of ownership to Next Gens and spinoffs creating new organizations, most McDonald’s owner/operators would probably agree. Amidst all this change, it is important to make sure nothing falls through the […]
Stay organized with solid record retention plan
Organization guru Marie Kondo can offer tips for decluttering your home, and we have suggestions for keeping your important financial records in order. The first part of the year is a good time for McDonald’s owner/operators to run a cash sheet on QsrSoft for the previous year. Having this information on hand is important because […]
Former McDonald’s Finance Director Brad Rendall joins Antares Group, Inc.
Antares Group Inc. is pleased to announce that Brad Rendall has joined the firm. Brad started with Antares Group, Inc. November 12, and will be working with owner/operators providing financial counsel and advice about their financial health and financial position, as well as providing them with in-depth financial analysis. Brad has more than 20 years […]
‘Drafting error’ in tax law could impact bonus depreciation rules
McDonald’s Corp. is a part of a coalition of restaurants and retailers that has appealed to Congress to fix a “drafting error” in the Tax Cuts and Jobs Act that is deterring some business owners from investing in their stores. According to Reuters, the coalition states that lawmakers intended to change the tax reform law […]