Blog

Need some more background? Check out Income Wreck-ognition: Part I and Part II. and Part III: Survey Maximizing Income Recognition with Your Outside Auditors The adoption of the new income recognition standards will affect most franchisors as they pursue their 2019 audit in time to issue their FDD in 2020. The effort to maximize income recognition is not an all-or-nothing game. Based on our experience, auditors are all over the

I wanted to give you an update on what’s going on in California related to AB-5. The background appears below.  As things stand now, AB-5 goes into effect Jan. 1, 2020, but IFA believes that a franchise exemption is possible. Based on the criticism of several industry sectors, when the California Legislature reconvenes in January 2020, the bill’s sponsor, Assemblywoman Gonzalez has stated that she will introduce a follow-up to AB-5 to address