Managing A Domino's Is A Long Journey...
This Is Our Learning Center. A Collection Of Tips & Lessons We've Gathered Over Time
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Business Loan Breakdown
Whether you are starting a business, maintaining it, or growing it, you may need a business loan. A business loan is an agreement with another party, typically a bank, to borrow money for a specific purpose with an agreement to repay the amount of the loan with interest over a specified period. Loans are necessary when the costs required to start, maintain, or grow a business are higher than the cash currently available to the business owner. We believe all business owners should be familiar with the principal, interest rate, term, good faith estimate (GFE), and loan covenants of a loan.
September 22, 2020
Retirement Planning – SIMPLE IRA/401(k) & Traditional 401(k)
Retirement planning is the process of determining your retirement income goals and the actions and decisions necessary to achieve those goals. SIMPLE IRA/401(k) and Traditional 401(k) retirement plans defer income and allow employers to make tax deductible contributions. It is never too early to start planning for retirement. You have a lot on your peel, let us at D & S Management Services help you with all your accounting needs.
September 6, 2020
Direct Deposit Procedures
Most employees in the United States are paid with direct deposit because of its cost and convenience benefits to both employers and employees. The direct deposit process starts with the employer establishing direct deposit capabilities with their bank and then paying out payroll via the Internet using the bank's software. No traditional "hard copy" check is written. The direct deposit process can be time consuming and confusing, especially when you’re running Domino’s franchises. You have a lot on your peel, let us at D & S Management Services help you with all your accounting needs.
August 14, 2020
Federal and State Estimated Tax Payments
Estimated tax payments are a method used to pay tax on income that is not subject to withholding. Most business owners, such as Domino’s Franchisees, must make estimated tax payments to cover the profit earned by their business and avoid underpayment penalties and interest. You have a lot on your peel, let us at D & S Management Services handle calculating your estimated tax payments and all you accounting needs.
August 6, 2020
PPP Loan Forgiveness Application Process for Domino’s Franchisees
As the PPP loan’s covered period draws to an end, D & S Management Services looks forward to aiding their clients with their forgiveness application. When requested by your bank or the SBA, it is important to be able to provide proper documentation for the PPP loan money spent on the above outlined covered expenses. As your remote accounting office, we at D & S Management Services have compiled the necessary required documentation. Running a business, such as a Domino’s, during these times is hard enough. You have a lot on your peel, let us at D & S Management Services help you with all your accounting needs.
July 22, 2020
Domino’s Franchisee Business Creation – Entity Formation
We at D & S Management Services Inc have compiled the following 6 steps to help you properly create the foundation for your Domino’s franchise business. A functional entity with its own Federal Employer Identification Number (FEIN) can open a bank account, obtain a loan, purchase property (store), receive payments, pay bills, and employ individuals. We recommend reaching out to D & S Management Services Inc to help you through the process. You have a lot on your peel, let us help you with all your accounting needs.
July 11, 2020
Economic Injury Disaster Loan (EIDL) and EIDL Advance Program
On June 15, 2020 the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. The EIDL program offers U.S. qualified small businesses, such as Domino's franchisees, long-term, low interest assistance of up to $150,000 and/or and EIDL Advance of up to $10,000 of emergency economic relief that does not have to be repaid. Both options under the SBA's EIDL program can be applied for in conjunction. We recommend contacting D & S Management Services Inc to help determine if you are eligible and to help you apply for the loan/advance.
July 2, 2020
Paycheck Protection Program (PPP) Flexibility Act
On Friday, June 5, 2020, the Paycheck Protection Program (PPP) Flexibility Act was signed into law as a standalone legislation designed to ease current PPP forgiveness requirements. The Act directly impacts the use of funds and the time allotted for forgiveness.
June 25, 2020
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