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Greetings!
Welcome to the December issue of Whalen & Company's
E-Newsletter for owner/operators of McDonald's restaurants. You are receiving this newsletter because you are a client of our firm. We have also invited other owner/operators in Ohio and Pennsylvania to be newsletter subscribers as well as McDonald's corporate staff members, and bankers and other businesspersons serving McDonald's franchise owners.
The newsletters are sent quarterly. Topics relate to accounting and reporting, tax savings strategies and planning, restaurant valuations, and retirement and succession planning. There is also information about our clients, Ronald McDonald House Charities, McDonald's history and culture, and our staff.
If you have suggestions for future stories, send us a note by clicking here.
The partners and members of the firm extend their best wishes to you for the holiday season and New Year.
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Next Generation Planning
$5 Million Gift Allowance
Due to Expire at the End of 2012
For many owner/operators of McDonald's restaurants, their business is a family endeavor. They build their business with the goal of eventually passing the ownership
of their restaurants from
themselves to the next generation.
Click here to learn why you should consider using part or all of your gift tax exemption this coming year.
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InvestOhio May Be Good
for You and Your Business
 Owner/operators who are planning capital projects or ongoing reinvestment in any of their restaurants should consider taking advantage of the state's new InvestOhio program, which is designed to encourage investors to infuse capital into the state's small businesses.
To learn more about this program and what you must do to qualify, click here. |
State Offers Businesses Tax Amnesty
to Raise Awareness about Tax Use
Many business owners throughout the state, including McDonald's operators, have received information from the Ohio Department of Taxation (ODT) encouraging them to take advantage of the state's first use-tax amnesty. It's an opportunity for McDonald's owners to solve a tax problem they may not even know they have.
For details about the use tax and the new amnesty program, click here.
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Client Profile
Alan Herzog - An Accountant
Who Thrives on the Challenges of Store Ownership 
A decision to take a position in the accounting department at McDonald's headquarters in Chicago almost 35 years ago led Alan Herzog to a career with the company and ownership of four stores in the Dayton area.
Read more about how Alan's field work with owner/operators as a regional controller and accounting center supervisor influenced his decision to become a store owner and helped prepare him for the role.
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New Legislation Promotes
Hiring Veterans
Legislation recently enacted by Congress and signed into law by the president gives McDonald's owner/operators another opportunity to show their support for veterans of the country's armed forces while gaining an expanded jobs credit.
To find out about how to qualify for the jobs credit for employing out-of-work veterans, click here.
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RMHC NEWS
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Partner Richard Crabtree joined approximately 280 owner/operators, regional office staff, service providers and other individual and corporate supporters of the Ronald McDonald House Charities of Central Ohio at the Sporting Clays Tournament on October 7-8. The successful event, held at Mad River Sportsman's Club, raised sufficient funds to provide more than 1,100 nights at the Columbus Ronald McDonald House for seriously ill children and their families.
The house serves nearly 3,000 children and their families each year, providing 1,664,400 hours of service for moms, dads, brothers, sisters and other family members of children being treated at Nationwide Children's Hospital and other hospitals in central Ohio so they can be close to the children they love.
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Whalen & Company, CPAs has been assisting McDonald's owner/operators for more than 20 years, and we're lovin' it today. Over those years we have built relationships with owner/operators based on our understanding of their business, our service and mutual respect and trust. We provide our clients with monthly accounting and reporting, bill paying, tax planning and filing, and specialized services, including restaurant valuations and succession planning.
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McDONALD'S MOMENTS
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In 1963, McDonald's introduced a clown who loved to play and be silly. Willard Scott, a local radio personality who had played Bozo the Clown on a Washington D.C. television station, appeared in three separate television spots featuring the character. Ronald McDonald quickly became one of the most recognized children's figures in the world.
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STAFF PROFILE
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Lisa Kuhn
Staff Accountant Lisa Kuhn works with four McDonald's clients providing accounting and sales tax services. She has been with the firm since 2006 and has nearly 30 years of accounting experience, many of those years providing accounting and tax services to small business clients.
Click here to learn more about Lisa and her working relationship with clients. |
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FOOD FOR THOUGHT
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"There can be no greater motivator for an organization's leadership than to spend quality time closest to the customers and staff members who interact with them everyday. The rewards are threefold. Executives benefit because they learn on the frontline. Staff members benefit by learning to exemplify behaviors. And the customers benefit because their overall experience usually improves by the leadership's presence."
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WHALEN & COMPANY TEAM McDONALD'S
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Lisa Shuneson, CPA, PFS, Partner
Richard Crabtree, CPA, PFS, Partner
Laura Wojciechowski, CPA, EA, PFS, Partner
Bruce Berry, CPA, Director
Steve Wenzlick, CPA, CVA, Staff Manager, Accounting Department
Karen Botti, CPA, Staff Manager, Tax Services
Kumar Patel, CPA, PFS, Senior Lead Accountant
Teri Curtin, CPA, Staff Accountant
Lisa Kuhn, Staff Accountant
Jeannette Reitmajer, Staff Accountant
Emily Stevens, Staff Accountant
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