factual

What additional tax filing services does Christian Brothers Automotive offer, and what are the fees for these services?

Christian_Brothers_Automotive Franchise · 2025 FDD

Answer from 2025 FDD Document

    1. CBAC provides each store with accounting and administrative services which will include preparation of monthly financial reports, a reconciliation of all bank statements, all payroll processing, posting of sales activity to the general ledger, posting of payroll activity to the general ledger, hosting the financial management software, obtaining and filing of bank statements, calculation and posting of depreciation, booking monthly accruals, reconciliation of credit card payments and allocations, reconciliation of all debt balances, analysis of all general ledger accounts for proper category postings, weekly sales reports of all franchises, quarterly profit and loss statements and Gross Profit Margin reports for all franchises, year-end adjustments to inventory, analysis of gross profit margin between the point of sale software and the financial software, and general tax information and filings. The fee for these services is currently $550 per month. CBAC offers additional tax filing services for monthly sales and use tax filings and annual personal property tax renditions; and the fees for these services are $25.00 per month and $75.00 per year respectively. Additionally, as indicated above, CBAC provides IT support services for a fee of $200 per month. The fees for all of these services may be increased in the future, in the sole discretion of CBAC.

Source: Item 6 — OTHER FEES (FDD pages 17–25)

What This Means (2025 FDD)

According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, in addition to providing general tax information and filings as part of their accounting and administrative services, Christian Brothers Automotive offers franchisees additional tax filing services. These include assistance with monthly sales and use tax filings, as well as annual personal property tax renditions.

For these additional services, Christian Brothers Automotive charges franchisees $25.00 per month for the monthly sales and use tax filings. The fee for the annual personal property tax renditions is $75.00 per year. These fees are separate from the $550 per month fee for the standard accounting and administrative services.

It's important to note that Christian Brothers Automotive retains the right to increase these fees at their discretion in the future. Prospective franchisees should factor these costs into their financial projections and be aware that these service fees are subject to change.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.