BKE ConnectEDocsIntranet
  • Services
    • Business Owner
    • Franchisor Express
    • CPA Express
    • QB ProAdvisor
    • The BKE Commercial
  • Team Center
  • Locations
  • Blog
  • Company
    • Careers
  • Contact Us
  • Franchising
    • eBrochure
    • About BKE
    • Investment
    • Ownership
    • Franchising FAQ
    • Franchise Inquiry Form
  • FAQ

Blog

Home / Blog / Franchises Push for Growth Amid Debt-Deal Uncertainty

Franchises Push for Growth Amid Debt-Deal Uncertainty

Posted on: 01-3-2013 Posted in: News

By: Heesun Wee

Special to CNBC.com

Despite the uncertainty in Washington surrounding tax hikes and spending cuts, some small companies including franchises are benefiting—at least in the short-term—from all the uncertainty and related paperwork.

BookKeeping Express, which helps small businesses with book keeping, data and analytics, is one such growing franchise. “Fiscal cliff” talks “actually is a great thing” for business, said Greg Jones, chief executive of Bookkeeping Express. “We’ve actually seen an uptick.” He made the comments on CNBC’s “Squawk Box” on Monday.

(Read more: Amid ‘Fiscal Cliff’ Stalemate, Main Street Deteriorates)

– Article Continues Below –

Primrose Schools, a private education franchise, is also growing. Primrose Schools has roughly 250 locations across 17 states. Franchise owners are reinvesting in staff, hiring and planning on additional locations.

But amid the debt talks, franchisees overall are uneasy about 2013, Primrose Schools COO Darin Harris said.

“What we’re really seeing is an apprehension of them to go in and invest in additional locations. They’re doing it, we’re growing at record numbers,” Harris said. “But at the same time we’re hearing across our system, apprehension and fear of what is going to impact their business,” he said. (Read more: Small-Business Owner to Politicians: Protect US Jobs)

Meanwhile, the word on the street from consumers and parents is they’re switching to part-time care, he said. “That creates a different scenario for our franchise owners and how they invest in their people, how they hire and the hours that they can provide,” Harris said.

(Read more: Main Street 2012: The Year of Living With Uncertainty)

Operating in ‘Flux’

If Congress and the Obama administration can’t strike a deal, hundreds of billions of dollars in tax increases and spending cuts would begin to kick in Tuesday. For example, a payroll-tax hike would have an immediate impact on paychecks. As another example, many entrepreneurs file taxes as individuals and would be hit if the tax rate on incomes exceeding $250,000 was raised.

Many small-business owners have been holding off on key hiring decisions and big-ticket investments. The broader mood among entrepreneurs is decidedly uncertain. “The small-business community is in flux,” BookKeeping Express CEO Jones said. “They don’t know what to do.”

Optimism among small companies in November, the latest data month available, tumbled, according to the National Federation of Independent Business. Their small business optimism index reading of 87.5 last month is the 10th lowest in the survey’s 37-year history. (Read more: Small Business Optimism Tanks, Owners Lose ‘Hope’)

  • Popular Posts
  • Related Posts
  • 9 Tips for Improving your Bookkeeping in 2013
    9 Tips for Improving your Bookkeeping in 2013
  • Outsourcing Frees Small Business Owners to Focus
    Outsourcing Frees Small Business Owners to Focus
  • Pay Attention! Last-Minute Tax Tips for Small-Business Owners
    Pay Attention! Last-Minute Tax Tips for Small-Business Owners
  • How to Ease the Burden of Tax Preparation
    How to Ease the Burden of Tax Preparation
  • Business Taxes: Ease Tax Prep Burden, Avoid Audit, and Claim More Deductions
    Business Taxes: Ease Tax Prep Burden, Avoid Audit, and Claim More Deductions

Leave a Reply

Click here to cancel reply.

Contact Info

877-525-5337
moc/sserpxegnipeekkoob//ofni

I wanted to thank you all for the bookkeeping services you have provided to my two companies. You all do excellent work. I’m so pleased that I was referred to you for my bookkeeping requirements.

Your work is cost effective, professional, accurate, concise and done in a timely manner. The automation of a virtual bookkeeping is very convenient and can be used by anyone, or company almost in any place!

We look forward to a continued working relationship for 2012 and future years.
Testimonial from a real BKE customer


Want to get in touch? Fill out this form to contact us.

Interested in joining BKE?

Learn more!

Recent News

  • Outsourcing Frees Small Business Owners to Focus
    04-5-2013
  • Pay Attention! Last-Minute Tax Tips for Small-Business Owners
    04-4-2013
  • How to Ease the Burden of Tax Preparation
    04-1-2013

We turn better bookkeeping into better business

© 2011 BookKeeping Express. All Rights Reserved
Powered by: UNITY
  • Company
  • Services
  • Team Center
  • Franchising
  • Locations
  • Contact Us
    • Inquiry
TwitterStumbleUponRedditDiggdel.icio.usFacebookLinkedIn