Remove Audits Remove Coaching Remove Document Remove Franchising
article thumbnail

Little Known Tax Benefits of Franchising Your Business

MBB Hospitality

Here are some little known tax benefits of franchising to keep in mind. You Can Deduct Franchise Fees. If you are a franchisee, you can deduct the fees such as the initial franchise fee and any annual residuals you pay to license your franchise unit. The IRS has more information under Section 197 Intangibles.

article thumbnail

Top 8 Qualities to Look for in a Hospitality Employee

MBB Hospitality

MBB Management also specializes in restaurant and franchise consulting. Some of the services include franchise development for new franchise programs, strategic planning for franchise growth as well as help with all the legal documentation involved. MBB Management has a well-established client list.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Future of Operational Excellence: A Radical Reimagining of Continuous Improvement and Feedback

Modern Restaurant Management

Brands of all sizes must conduct regular safety and quality audits to ensure all locations are consistently compliant. In these traditionally in-person audits, inspectors often find issues that need to be corrected, and would tell the brand location’s operator what was wrong. The operator would then go correct the problems.

Audits 88
article thumbnail

EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

The EZ application requires fewer calculations and less documentation for eligible borrowers. ” Features include: Ingredient Price Tracker — Monitor item price fluctuations to audit and avoid vendor discrepancies. Document Management & Search — Easily store, search, and access invoices from anywhere.