COVID-19 checklist for restaurant owners
As we continue to monitor the updates regarding the COVID-19 and the impact that it is having in our industry, we at Antares Group have put together a checklist of things that you may want to consider. As you know, circumstances are changing daily. We will continue to monitor the situation and keep you advised about […]
Work Opportunity Tax Credit extended through 2020
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a valuable tax credit known as the Work Opportunity Tax Credit (WOTC). The WOTC was set to expire on December 31, 2019. But a new law passed […]
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 […]
‘A piece of cake:’ Sage Intacct making a difference for business
“A piece of cake.” That’s how one McDonald’s owner/operator has described using Sage Intacct for her 14-store organization in Missouri. Dawn Giarla, who, along with her husband, Chris, have been clients with Antares Group for 20 years, made the switch to Sage Intacct for their organization about six months ago. “It took a little getting […]
Making business improvements before year-end may get you a bonus
Let’s talk bonus depreciation. It’s time for year-end tax planning, and under the Tax Cuts and Jobs Act, qualified new and used property that is acquired and placed in service in your business in 2019 is eligible for 100 percent first-year bonus depreciation. In other words, if you have been thinking about purchasing some equipment […]
Antares Group is ‘top partner’ with Sage Intacct and AICPA
Many accounting firms will talk about technology, but Antares Group is a proven leader with the premier cloud accounting software industry. Because of our firm’s leadership role in the industry, Frank McLaughlin, a partner with Antares Group, will speak alongside representatives from global firms, describing how Antares Group has achieved such a high level of success […]
Don’t let ‘ghost assets’ haunt your bottom line
It’s that time of year to clear away old equipment from your financial statements so you are not haunted by unused and out-of-date equipment that can suck the life out of your bottom line. Unused equipment is commonly referred to as a “ghost asset.” Ghost assets are fixed assets that remain on the financial statement […]
Tax reform can impact quarterly tax payments
Some taxpayers were surprised that their tax refunds this year were not as high as in years past because they had not adjusted their withholdings in response to the Tax Cuts and Jobs Act. The sweeping tax reform law that was passed at the end of 2017 should also prompt those who pay estimated quarterly […]
Disaster relief payments help employees and can save taxes
In the aftermath of Hurricanes Florence and Michael this fall, employers are asking how they can help their employees during these difficult times. One option that employers have is to make disaster relief payments to their employees. A disaster relief payment is any amount paid to or for the benefit of an individual to reimburse […]
Antares Group, Inc. to acquire the Franchise Group of Gray, Gray & Gray, LLP
Antares Group, Inc. will acquire the Franchise Group with Boston-based Gray, Gray & Gray, LLP effective October 1, 2018. The combined group will operate under the Antares Group, Inc. name. The merger of the two firms brings together two leading CPA firms renowned for their work with restaurant franchisees, including McDonald’s owner/operators across the country. […]