As a leader in the car wash industry, you know first-hand how important it is to keep a close eye on your financial records and overall financial health. It’s essential that you have the ability to collect accurate and timely financial information that will allow you to make informed decisions, manage cash flow, and plan …
Why Outsourcing Your Accounting and Finance Team Can Benefit Your Business Read More »
By Jennifer Syx | Team Leader, Car Wash Division | Apple Growth Partners The word is out: the car wash industry is a lucrative investment, and the market is primed to continue to expand in the near future. Whether through acquisition or new builds, car washes are an excellent purchase for those who know the …
By Brandon Fredericks, CPA| Principal | Industry Specialty AGP Advisory, Audit & Assurance The rapid growth of the carwash industry has made it a promising investment for those interested in owning a business. The opportunities will continue to grow as the industry expands — the global car wash services market is anticipated to grow when …
6 Things To Consider Before Purchasing a Car Wash Read More »
Investing in our communities is a core credo at Apple Growth Partners. Last evening, I proudly began my second term as a judge, supporter, and raving fan of Stark Tank, a play on the now-famous “Shark Tank” television show. This event has evolved into a series, garnering statewide attention and admiration among those in educational …
It’s the number which needs no formal introduction, and it’s an elephant in the boardroom of every business in America whether acknowledged or not. No strategic plan, economic forecast, or growth projection is complete without cognizance of how a $31 trillion national debt service will muscle its way throughout the US economy. The goal of this article is to raise awareness of how incremental national debt impacts private businesses and explain why a pain-free past of borrowing is no indicator of future consequences from more borrowing. Finally, there are some pointers at the end of the article to help business owners consider how to handle asset valuation changes caused by a national debt crisis.
A multi-part series on the importance of succession planning and key considerations for business owners
Owning and operating a restaurant can have significant perks, with a side of complexities. Mainly, understanding and forecasting taxes for restaurants, which can cause headaches among other responsibilities. Proactive tax planning is a must and should be completed prior to 12/31 of the calendar year to identify opportunities. Tax rules often change; best practice recommends business owners should understand the rules as stated currently, while being aware of potential future changes.
Owning and operating a restaurant can have significant perks, with a side of complexities. Mainly, understanding and forecasting taxes for restaurants, which can cause headaches among other responsibilities. Proactive tax planning is a must and should be completed prior to 12/31 of the calendar year to identify opportunities. Tax rules often change; best practice recommends business owners should understand the rules as stated currently, while being aware of potential future changes.
Under the Fair Labor Standards Act (FLSA), most restaurant employees are classified as non-exempt and entitled to overtime pay of 1 and ½ times their regular rate of pay. Calculating overtime pay can be challenging, especially for tipped employees.
With the current issues surrounding inflation, here are key steps for restaurants to manage the costs of food.
