Franchises

Make Calculated Decisions

The biggest benefit of hiring our accounting services is that it can help your franchise to make smart business decisions based on actual data. We offer a seamless financial solution so you can continue to focus on the issues that matter most such as offering adequate support to your franchise. And because GTA Accounting Professional Corporation has massive experience partnering with multinationals and franchises, we bring our best foot forward in accounting and taxation matters. You can trust us to offer you any additional guidance or strategic planning expertise that you may need to run a successful franchise.

Expanding your Business outside Canada?

As a franchiser, you give another party a license to use your trademark, brand and operating methods. This license is bound by a contract and is usually fixed-term in nature. You then get profit by taking a franchise fee from the business and also royalties. The franchisee on the other hand, also benefits by using a brand that has a proven business model as well as a support system unlike startups which have no structures and need to work their way up.

For you to be able to set up a franchise, you should:

  • Run a successful brand with a concept that can be replicated
  • Be able to identify franchisees who are willing to sell your goods and services and follow your business model
  • Provide a list of procedures that are consistent across different franchises
  • Show strong leadership skills
  • Provide a suitable corporate culture that can be replicated elsewhere

Different Fees

There are different fees that are paid to franchises depending on their contractual agreement. In most cases, the franchisee is required to pay royalties which are based on their revenues. To calculate the revenue, the franchisee will consider all their gross sales and a percentage of this will be the royalty. The royalty will be determined by the business model. This is where our accounting professionals come in. We’ll help ensure that you get the most of your franchise by making sure royalty payments are properly calculated and all expenses taken into account. We’ll help you provide consistent and reliable financial reports to your franchiser.

GTA Accounting Professional Corporation can provide your franchise with the following services:

  • Accounting
  • Consulting
  • Taxation matters
  • Bookkeeping
  • Payroll
  • Inventory and labor costs

GTA Accounting Professional Corporation offers accurate and timely solutions for franchises. We have experienced accountants who understand the unique needs of franchises- beginning with the need to spend more time on making sure the core functions are in full working order. Whether you need help streamlining day to day sales and other financial transactions or you need us to handle bookkeeping, payroll and taxation services, our team is more than capable to serve you.

Get in Touch with GTA Accounting Professional Corporation

GTA Accounting Professional Corporation offers reliable financial solutions for franchises all over Toronto. We’ve helped numerous businesses and individuals to set up franchises according to law and simplify their operations allowing the owners to make smarter decisions. Get in touch with a reliable tax

We are not your typical auditing firm that only performs the usual procedures without offering you solutions. We view audits as an opportunity to offer our clients great recommendations that are practical and efficient for the business. Our auditors understand that tax regulations are constantly changing and are ready to offer you the best solutions to resolve even the most complex issues. We offer free consultation to discuss your options and ensure we are in a position to offer you high quality work. Talk to us today if you need to find out more about out tax audit services.

Are You Struggling With Your Personal or Corporate Taxes?

Are You Struggling With Your Personal or Corporate Taxes?