Chicagoland Franchise Accounting, Tax and Consulting Services
Bovard CPA Group serves the financial accounting, tax and consulting needs of Chicagoland franchise operators.
Franchising is a dynamic business sector that allows entrepreneurial people to achieve the American dream of owning a business. Our professionals understand both the opportunities and challenges of being an owner operator of a franchise.
Franchise companies (franchisors) typically provide the tools you need to get started and operate day-to-day, like proven business practices, a known brand name, established products/services, marketing support, training and a market with profit potential.
However, they may not equip you to easily meet their financial requirements, like financial reporting, performance information, and many do not provide financing support to franchisees.
That’s where we come in. We work with both start-up and established franchise operators to help them grow and prosper in a lucrative, but demanding environment. We have extensive experience with franchising, both in the consumer and business-to-business segments.
Our core accounting and tax services
- Core Accounting
- Financial statement preparation,
- Accounts payable and cash flow planning,
- Employee benefit and retirement planning,
- Payroll Services,
- Tax Services,
- Financial Planning,
- Strategic Planning
- Business Valuation.
Specialized franchise accounting, tax and consulting services
We also offer specialized services to assist you, the franchise operator, manage your businesses. We can help you:
- Identify and evaluate financing and funding alternatives,
- Decide when and how to expand your locations,
- Comply with franchisor covenants, such as mandatory facility upgrades,
- Fulfill your franchisor’s unique reporting requirements,
- Scrutinize your financial reports from your perspective as a franchise operator (versus the franchise company’s perspective),
- Optimize tax accounting methods, and
- Generally help you protect your business interests as your franchise business consultant and advocate.
If you have one or more franchise operations, or are considering acquiring a franchise, we’re confident we can help you. Contact us today so we can learn together about our respective businesses, services and operations.