Tax Preparation Services

September 18, 2025

IRS Offer in Compromise & Tax Refunds Explained Clearly

If you’re struggling with tax debt, an IRS Offer in Compromise (OIC) can be a valuable tool to settle your tax liability for less than what you owe. But many taxpayers wonder what happens to their tax refunds when pursuing an OIC. Understanding how the IRS handles refunds during and after an OIC is crucial to managing expectations and planning your finances wisely. This comprehensive guide breaks down everything you need to know about IRS Offers in…

Read More →

Tax Preparation Services

September 15, 2025

How to Get IRS to Accept Your Offer in Compromise

Dealing with the IRS for unpaid taxes can be overwhelming, but an Offer in Compromise (OIC) can be a viable solution for taxpayers who cannot pay their tax debt in full. At QMK Consulting, we specialize in franchise and restaurant accounting and help business owners navigate complex tax matters like the OIC process. This blog post will walk you through how to increase your chances of getting the IRS to accept your Offer in Compromise by understanding what…

Read More →

Tax Preparation Services

September 12, 2025

IRS Offer in Compromise for Self-Employed Taxpayers in 2025

If you’re self-employed, dealing with taxes can feel like a constant uphill battle—especially when it comes to owing money to the IRS. The IRS Offer in Compromise (OIC) might be your way out. It’s a program that lets you settle your tax debt for less than what you owe, but it isn’t as simple as it sounds. For many self-employed folks, who often miss estimated tax payments or have uneven income, the OIC can be a lifeline. But qualifying takes careful…

Read More →

Franchise Solutions

September 8, 2025

Franchise Tax Planning Across States in 2025

Running a franchise in multiple states or countries isn’t for the faint of heart—especially when it comes to taxes. The rules vary widely depending on where you do business. Every jurisdiction has a unique set of requirements to meet, ranging from payroll laws to franchise taxes, sales taxes, and state income taxes. Managing all this without expert guidance can quickly turn into a costly headache. That's why having a solid multi-jurisdiction tax plan isn’t…

Read More →

Franchise Solutions

September 5, 2025

ESG Reporting for Franchises: Why It Matters in 2025

If you've heard a lot about ESG recently but aren't sure how it applies to your franchise, you're not alone. ESG (Environmental, Social, and Governance) is becoming more than just a business concept. In 2025, it’s shaping how businesses operate, attract investors, and connect with customers. And yes, even franchises like yours need to pay attention. Think of ESG as a set of non-financial measures that tell the story of how your business impacts the world…

Read More →

Accounting & Bookkeeping

September 1, 2025

Restaurant Accounting Trends 2025 | Data-Driven & Hybrid Models

Running a restaurant today is no easy feat. With so many moving parts—from managing staff and inventory to keeping an eye on costs—restaurant owners and franchise operators face tight margins and plenty of competition. If there’s one thing today’s successful restaurateurs all have in common, it’s this: they don’t just rely on gut feeling. They use real, data-driven insights to guide their business decisions. That’s where we at QMK Consulting come in. Based…

Read More →

Franchise Solutions

August 29, 2025

Multi-Jurisdictional Franchise Tax Planning & Compliance Tips

Expanding your franchise into multiple states or even across countries is a thrilling achievement. But as someone who has worked closely with franchise owners for years, I know firsthand that it introduces a maze of tax complexities that can catch even the most experienced off guard. When you juggle different sales tax rates, income tax rules, franchise fees, and filing deadlines across jurisdictions, it’s easy to get overwhelmed—and the consequences of…

Read More →

Business Advisory Services

August 25, 2025

Restaurant Crisis Management & Recovery Strategies 2025

In the United States, the restaurant business is a dynamic, always-changing environment. In 2025, it is projected to reach an unprecedented $1 trillion in sales, reflecting both resilience and rapid change. However, with opportunities come undeniable challenges—especially for restaurant owners trying to steer their businesses through crises like pandemics, economic downturns, and supply chain disruptions. At QMK Consulting, a New York City-based accounting…

Read More →

Browse all 260 articles by topic →