4Thought Blog

Growing your McDonald's Franchise Business through Trend Analysis

We’ve all seen the commercials for investment advisors with the memorable disclaimer “past performance does not guarantee future results.” While this may seem intuitively true, this statement underestimates just how incredibly instructive past performance can be.

Full article

lifeguard watching a pool

8 Tax Tips for Students with Summer Jobs

Many students get summer jobs. It’s a great way to earn extra spending money or to save for later. Is your son or daughter working this summer? Pass along these eight great tips from the IRS:

Full article

CEO meeting

CEO Management Succession: 11 Guiding Thoughts

It is difficult to begin to think about management succession for many business owners who need to begin. Consider these 11 guiding thoughts as a starting point:

Full article

Child swimming

A Tax Credit for Summer Child Care: 10 Things to Know

Are your kids attending day camp or enrolled in day care this summer? If so, your costs may qualify for a federal tax credit. Here are 10 things to know about the Child and Dependent Care Credit from the IRS:

Full article

U.S. Manufacturers Should All Be Receiving This Tax Deduction

Made in the U.S.A. is a great mantra, and for many manufacturers it’s an easy one – it makes sense to have your main facility stateside. Well, did you know you can get a tax deduction just for producing products in the United States? The Domestic Production Activities Deduction allows businesses to take deductions on…

Full article

Work Opportunity Tax Credit Transition Relief Extended

The IRS recently extended Work Opportunity Tax Credit transition relief, allowing for more time for McDonald’s Owner/Operators to use this advantageous tax benefit. Employers now have until Sept. 28, 2016 to certify WOTC-qualifying employees all the way back to Jan. 1, 2015. The deadline was originally going to be June 29, 2016.   This is great…

Full article

McDonald's Owner/Operators Can Increase Cash Flow Through Tax Reductions

Sufficient cash flow is incredibly important as a McDonald’s Owner/Operator. It not only provides for smooth daily operations, but your cash flow coverage ratio is closely evaluated by corporate. A great way to increase your cash flow is to reduce your taxes. Many tax benefits available to McDonald’s Owner/Operators were either re-instated or enhanced with…

Full article

Looking to Reduce Health Care Costs? Check Out This Tax Credit for Small Businesses

If you are a small business owner, there is a tax credit that can put money in your pocket. The Small Business Health Care Tax Credit benefits employers that: have fewer than 25 full-time equivalent employees pay an average wage of less than $50,000 a year pay at least half of employee health insurance premiums

Full article

Need a Pickup or Large SUV for Business? Check Out These Tax Breaks

Favorable depreciation rules for business use of “heavy” SUVs, pickups and vans were locked in by the Protecting Americans from Tax Hikes (PATH) Act of 2015. By taking advantage of these rules, you may be able to write off the entire business-use portion of a heavy vehicle’s cost in the first year.

Full article

Tips for Business Owners to Reduce Credit Card Chargebacks

Have you seen a rise in credit card chargebacks since the October 2015 liability shift rules were put in place? 

Full article