Does Christian Brothers Automotive provide tax filings as part of its accounting and administrative services?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
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- 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, Christian Brothers Automotive provides certain tax filing services as part of its accounting and administrative services. The standard accounting and administrative services, which cost $550 per month, include preparation of monthly financial reports, bank statement reconciliation, payroll processing, and general ledger postings.
In addition to the standard services, Christian Brothers Automotive offers additional tax filing services for monthly sales and use tax filings and annual personal property tax renditions. The fees for these additional services are $25.00 per month for sales and use tax filings and $75.00 per year for personal property tax renditions. These fees are subject to change at Christian Brothers Automotive's discretion.
For a Christian Brothers Automotive franchisee, this means they can opt to have Christian Brothers Automotive handle specific tax filings for an additional cost on top of the base $550 monthly fee. This could be beneficial for franchisees who prefer to outsource these tasks rather than handle them internally or hire a separate tax professional. However, franchisees should be aware that these fees can be increased at any time by Christian Brothers Automotive.