qbteachmt
Level 15
04-11-2022
05:00 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It's a janitorial franchise. Geez, one of the fees is for Technology and one is for Accounting. That means they should be presenting some financial reports to the tax preparer.
You have to know how some of these fees apply (translate their name into real business tax return terminology), such as is "business protection plan" an Insurance policy? Someone signed the paperwork and should have an idea. Finders Fee might be a Commission for every client sent to your taxpayer, so you would need to watch for 1099-Misc requirements, for example.
Other than being Franchise, a business is just a business
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers