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 […]
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 […]
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It’s that time of year to clear away old equipment from your financial statements so you are not haunted by unused and out-of-date equipment that can suck the life out of your bottom line.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 […]
5 ways to protect against ‘chargebacks’ due to credit card fraud
Customer and merchant alike battle credit card fraud. The consumer can try to recoup his or her money after detecting a fraudulent or errant transaction. The business owner, though, can take steps before the transaction occurs to ensure that he won’t face a chargeback from a disputed transaction. A chargeback occurs when a customer makes […]
You’ve frozen your credit but you need a loan. Now what?
There’s bad news about the Equifax security breach, and then there’s more bad news, particularly for those looking at pursuing financing loans in the near future. The bad news is the most obvious: As a result of a security breach at Equifax, one of the big three credit bureaus, personal information of 143 million Americans […]
2017 NBMOA Convention
The cost of convenience: Audits required for high-volume credit card transactions
As more customers pay with credit cards, restaurant owner/operators will face tighter scrutiny – and higher costs each year. Ownership entities that have more than 1 million credit card transactions a year must comply with the Payment Card Industry Data Security Standard (PCI DDS) that, among other things, requires an annual audit. The purpose of […]
Sparkmon & Associates offers IT solutions to fit all needs
Sparkmon & Associates, CPAs, offers a wide range of accounting and back office services, but it also offers its clients comprehensive IT services. The Technology Team at Sparkmon & Associates does more than just keep the electronic infrastructure at the firm up to date and running smoothly. It also works with Sparkmon clients to meet […]
Take steps to protect against credit card ‘chargebacks’
There are many victims in credit card fraud, but McDonald’s owner/operators have a tool they can use to try to recoup money lost in the event someone claims their stolen credit card was used to purchase food at their restaurants. The owner of the stolen credit card is not the only victim in this kind […]
Managing a McDonald’s Major Remodel Program
It’s not so much a question of “if” as it is “when” to embark on a major remodel program at your business. With its Vision 2020 well underway, McDonald’s is aiming to have 85 percent of all restaurants modernized and updated with the latest look and latest technology by the end of 2018 to fulfill […]