What sales tax information must a Bevaris Alliance franchisee provide to the franchisor?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
11. Accounting records
The Franchisee shall:
- (a) maintain records of all sales and Gross Sales Receipts and submit to the Franchisor a statement of them on the Tuesday of each week with the Royalty Fees. Such records and statement shall be in the form approved by the Franchisor and as specified in the Manual;
- (b) keep and maintain complete and accurate accounts and records relating to the Franchisee's Business in QuickBooks Online. All such records shall be full, accurate, up to date and sufficient to ascertain the amount of the Royalty Fees due;
- (c) allow representatives of the Franchisor access to the Franchisee's QuickBooks Online account to investigate the Franchisee's records and take copies of the Franchisee's accounts and records on reasonable notice, during Business Hours during the Term and for a period of 7 years after the termination of this agreement; and
- (d) supply to the Franchisor copies of all sales tax returns and any other financial and fiscal information which the Franchisor may reasonably request.
12. Telephone numbers, email addresses and domain names
12.1 Communication Addresses. In the course of the Franchisee's Business, the Franchisee shall use only telephone numbers, email addresses and domain names specified or approved by the Franchisor (Communication Addresses) and shall not
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, franchisees are required to supply copies of all sales tax returns and any other financial and fiscal information that Bevaris Alliance may reasonably request. This obligation ensures that Bevaris Alliance can monitor the franchisee's compliance with tax laws and accurately assess the franchisee's financial performance.
In addition to providing sales tax returns, Bevaris Alliance franchisees must maintain records of all sales and Gross Sales Receipts and submit a statement of them to the Franchisor on the Tuesday of each week with the Royalty Fees. These records and statements must be in a form approved by Bevaris Alliance and as specified in the Manual. Franchisees must also keep complete and accurate accounts and records relating to their Business in QuickBooks Online, ensuring these records are full, accurate, up to date, and sufficient to ascertain the amount of Royalty Fees due.
Bevaris Alliance also retains the right to access the franchisee's QuickBooks Online account to investigate the franchisee's records and take copies of the accounts and records on reasonable notice, during Business Hours during the Term and for a period of 7 years after the termination of this agreement. This access allows Bevaris Alliance to verify the accuracy of the reported sales and tax information and to ensure compliance with the franchise agreement. All fees due under the franchise agreement are exclusive of sales tax or similar taxes, which shall, where applicable, be paid by the Franchisee at the prevailing rate on the due date for payment or receipt of the relevant invoice from Bevaris Alliance.