• IndustriesFranchise Owners Hospitality & Restaurants Individuals & Families McDonald’s®Full Service Solutions Next Gen Financial Training McDonald’s National Lender Rates Not For Profits Professional Service Companies Small Business Owners
• McDonald’s®Full Service Solutions Next Gen Financial Training McDonald’s National Lender Rates
• Next Gen Financial Training
• McDonald’s National Lender Rates
• ServicesAccounting Audit Business Consulting Business Valuations Chief Financial Officer Advisory Estate Taxes Sales Tax Compliance Taxes 401k Audits

• Chief Financial Officer Advisory
• ResourcesCOVID-19 Resource Center Tax Guide Financial Tools “I am fortunate that my family chose FRSCPA as their accountants in 2002 Their unwavering support and reliability with accounting and tax matters has allowed me to focus on operations and to become a successful Next Gen It is important to rely on your team and FRSCPA is a team to have in your corner ” “We have the utmost confidence and trust in our advisors at FRSCPA We rest easy knowing they are taking care of us, and that is great peace of mind at the end of the day If you are looking for the best, look no further than FRSCPA ” “I consider your firm to be a top notch analytical organization with heart You have been great to work with since 1998, and I will always be grateful ” I value the conversations with my CPA I look at the P&L and restaurant performance matrix to coach my team But I have never really had cash flow conversations with any prior CPA until now The most direction and honest feedback I have ever had in 19 years has been from you and your firm! “FRSCPA handles my monthly accounting, taxes and planning as well as any consulting advice I need I would highly recommend this firm to any owner/operator looking to build a long-term relationship with their accountant ”

Estate & Trust Advisory

OTHER SERVICES WE OFFER

FRS provides timely and accurate p & l’s to its operators for a competitive monthly per store fee Our monthly services include recording of financial transactions and accruals into General Ledger, bank reconciliations and electronic transmission of your p & l’s to McDonald’s Corporation For more information please contact our home office at 800-457-1120

FRS provides the NFS ratios to our monthly clients upon request for a nominal fee FRS knows the importance of these ratios and what they can mean relative to your cash flow and debt positions Our staff will assist in helping you reach your goals by analyzing your company’s position and make the appropriate recommendations Please contact your Team Captain at FRS for additional information

Restaurant Valuations Maybe you want to sell a store or want to gift stock to your son or daughter Perhaps you need estate planning, or are in the midst of buy/sell negotiations In order to determine the value of your stores, your CPA will provide you with a valuation of your restaurant(s) Our experienced partners can assist you with these necessary tools that can help determine the worth of your business For more information, please contact our home office for assistance

Often times, operators are presented with the option of new stores or rebuilds opportunities As such, pro formas are needed FRS has experienced staff members who can provide you with assistance We will go over the pro formas with you and guide you in your decision making process

FRS places a high emphasis on tax planning for your benefit Our goal is to minimize your taxes by taking a proactive approach Each year, your Team Captain and their team work on tax projections for you to determine where you will stand by year-end and to make sure you are penalty proofed We will determine if you need to pay additional tax to Federal and State taxing authorities prior to 12/31 in an effort to minimize your April 15th tax bill Our close, personal attention to your business and tax situation is something we take very seriously

Employee Benefit Plan Audits Employee benefit plans are categorized by the Department of Labor as small or large The number of eligible participants as of the first day of the plan year is the determining factor as to whether a plan is considered to be a large plan This factor is reassessed every year as of the beginning of the plan year

A special ERISA rule exists that referred to as the 80-120 Rule Stated simply, plans with up to 120 eligible participants as of the beginning of the plan year that were classified as a small plan in the prior year may continue to file as a small plan Once the plan exceeds 120 eligible participants as of the beginning of the plan year, the plan classified as a large plan and an audit is required In addition, in the plan’s year of formation, the 80-120 rule cannot be applied and an audit is required if the number of eligible participants at the origination of the plan exceeds 100, then an audit is required

Audits Of The Following Types Of Plans:

• Profit sharing / 401k
• Employee Stock Option Plans (ESOP) Forensic Accounting, Litigation Support & Expert Witness Services Our experts are highly trained and experienced in providing an analysis of financial records in conjunction with dispute resolutions, as well as fraud and theft investigation Our damage measurement methods can determine the extent of financial loss and illegal accounting practices

Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques FRSCPA has experienced partners and staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages

Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court Our level of competence allows us the opportunity to function as expert witnesses in such cases