Chicagoland Franchise Accounting, Tax and Consulting Services

Bovard LLC 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

1. We offer the core accounting and tax services you expect.
2. Franchise financial statement preparation,
3. Franchise accounts payable and cash flow planning,
4. Franchise employee benefit and retirement planning,
5. Franchise payroll services,
6. Franchise tax services,
7. Franchise financial planning,
8. Franchise strategic planning, and
9. Franchise 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:

1. Identify and evaluate financing and funding alternatives,
2. Decide when and how to expand your locations,
3. Comply with franchisor covenants, such as mandatory facility upgrades,
4. Fulfill your franchisor's unique reporting requirements,
5. Scrutinize your financial reports from your perspective as a franchise operator (versus the franchise company’s perspective),
6. Optimize tax accounting methods, and
7. 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.