Categories
News

The Inspection Boys Join the Loyalty Brands Family

Buying or selling a home can be very stressful and in some cases full of surprises.  One monumental Criteria is completing a home inspection.  The Inspection Boys have been created to educate home buyers about their potential future home and deliver a comprehensive inspection report. To grow their franchise opportunity faster, the Inspection Boys are partnering with Loyalty Brands. With Loyalty Brands experience behind them and The Inspection Boys home inspection knowledge it presented a perfect duo to become the top home inspection company. Founded in 2008 by serial entrepreneur John Hewitt, Loyalty Brands is a consortium of franchise brands with synergistic similarities that can work together to create a portfolio of franchise concepts they can work together or separately to give future franchises the ability to expand their offerings or focus on one specific industry. 

Founded in 2017 The Inspection Boys is an experienced and affordable home inspection company that has protected both home buyers and sellers.  A home inspection by the Inspection Boys is not simply performed to report deficiencies, damage, and defects. A buyer needs quality information to make a good decision.  They advocate to help people understand the fiscal and physical impact of any damage and defects they discover. 

According to John Hewitt, CEO and Founder of Loyalty Brands, “It felt right when we met this team, Matthew Rivera, Robert Aglialoro and Brigitte Malik, I just knew they would fit into the culture of Loyalty Brands.  We look for expertise, integrity and most of all people understand and help us create a world class organization.

The Inspection Boys are a franchise organization currently supporting 7 franchisees but looking to grow fast.

Loyalty Brands is a team of people who have worked together for many years with several different brands, two of which are some of the largest retail operations in the United States, Jackson Hewitt, and Liberty Tax.  Franchise sales and growth is their expertise, and they plan on bringing their successes to the Inspection Boys.  

About the Inspection Boys

The Inspection Boys have developed a system that make life easy for franchisees.  Everyone can do home inspections, but a successful home inspection business is much more than that.  It is all about the connections and relationships you will develop with homeowners, and real estate agents, that separates a successful and profitable business from a “pushing-through” kind of a company. To learn more about the Inspection Boys please visit: theinspectionboys.com.

About Loyalty Brands

Headquartered in Virginia Beach, Virginia, Loyalty Brands is an umbrella franchise company founded in 2018 by serial entrepreneur John Hewitt.  The Loyalty Brands consist of business brokerage, small business accounting, tax preparation and added services, networking, and bartering.  The company maintains a community first outlook, meaning that involvement in local communities and giving back is a core value. The multi-brand concept involves businesses that are synergistic and compatible, so potential franchisees could possibly own one or more of the brands for additional customer acquisition and co-marketing opportunities. To learn more about Loyalty Brands, please visit https://loyaltybrands.com/

Categories
News

What To Know

Tax Refund Interest Payments

IF YOU RECEIVED A refund check from the IRS for filing your 2019 federal income tax returns, and you also received a stimulus check earlier this year, you may soon be three for three.

Why Haven’t I Received a Stimulus Check?

That is, you may soon get the interest you are owed for receiving your federal tax refund later than usual. So if your interest on this interest is piqued, here are some answers to questions about when and how this money may arrive.

I might get a check for the interest owed to me for my tax refund? Why is this happening?

It’s related to the pandemic. You may get a tax refund interest payment check if your refund check came to you after April 15, which may well be the case. As you are probably well aware, the normal April 15 tax deadline was extended to July 15 due to the pandemic and its lockdowns.

What’s the worst that can happen if I forget to report a small direct deposit from the IRS?

Rafael Alvarez, CEO of ATAX, a national tax preparation and business services franchise says that if the IRS discovers that you didn’t report your IRS refund interest money and recalculates your taxes, if the money you made that year increases, as unlikely as it sounds, you could wind up in a higher tax bracket. And then suddenly you owe more taxes than you thought you did, and you receive a letter from the IRS, asking you to pay up.

Alvarez is one of those better-be-safe-than-sorry people. “I prefer to report everything rather than leave it out,” he says.

What do I need to know about reporting my IRS refund interest money on my federal taxes?

In January, you’ll receive Form 1099-INT from the IRS, assuming your interest is at least $10. File that form when you submit your federal taxes. If your direct deposit or check for your interest is less than $10 (and you don’t receive a Form 1099-INT), write a note or put a reminder on your phone to let you know that you need to report this money.

Categories
News

Why Starting A Business During COVID-19 Makes Sense

There is no denying that there have been some significant changes over the past few months. For a lot of business owners, they have needed to shut shop due to social distancing rules. There are even some companies facing permanent closure because of the financial hit they have taken over the past few months. Because of this, it may seem ludicrous to discuss starting a business at this moment in time. However, in this blog post, we are going to reveal why now is the best time to start a business. There are, in fact, many reasons why 2020 marks the perfect opportunity for start-ups to get up and running. So, let’s take a look…

You don’t have a safety net

You may think that this is a negative. The truth is that not having a safety net will help you to be more successful. As an entrepreneur, you are always going to face bumps and hurdles along the way. But this is what being an entrepreneur is all about. If you wanted the easy route, you would not have considered starting your own business. The safety net is taken away from you, and this is something that should make you more committed and more focused. 

COVID-19 is sparking innovation

COVID-19 is resulting in innovative ideas, which is something you may be able to capitalize on. For example, our sudden reliance on home deliveries could spark innovation in self-driving cars and delivery drones. We have seen a lot of new businesses crop up based on the fact that our way of life has changed. For example, you may have noticed companies selling Zoom party boxes. Zoom is the video calling app that enables you to add a large number of people to the call. A lot of people have been having Zoom parties because they are unable to have parties in person. One innovative person decided to capitalize on this by selling Zoom party hampers. You could take advantage of these new ideas by delving into the world of business sales and purchases. Our First Choice Business Broker is a great franchise opportunity to help business owners sell or buy businesses.

Competition is not as fierce right now

In an economic downturn, you don’t have to race against ten other well-funded competitors in the market. There is going to be less competition over the coming years. This gives you the perfect opportunity to thrive. For example, consider the travel industry. I’m sure no one is thinking about starting a travel business right now. This is primarily due to the social distancing rules and travel restrictions. So, if you were to start a travel business at present, competition would be incredibly low. No one else is going to be thinking about starting this sort of company at the moment. That is precisely why it is the perfect time for someone to take the reins and launch a travel business.

We are searching for change

It is also worth thinking about the fact that during a social or economic crisis, we are open to change. Experimentation is at the heart and soul of entrepreneurship. Yet, markets are often not as receptive when it comes to change. Even so, in times of crisis, like the current COVID-19, there is an exception because we are searching for change. We accept that we are all building a new normal and that this is going to mean finding new ways to have fun, work, and live. The best business ideas during COVID-19 are those that cater to this new normal in some way or another. Think about how things are changing due to COVID-19, not only from a health and safety standpoint but the economy. We are likely to see tax changes over the coming years, for instance. So ATAX represents an excellent franchise to get involved in, offering Latino tax services and related Hispanic support. You can also check out Loyalty Business Services for a small business accounting franchise. These services are going to be relied on more than ever due to the coronavirus. 

Marketing is cheaper at the moment

We have already seen advertising prices reduce dramatically during COVID-19. This means that you have an excellent opportunity to build your brand for less. Look for cheap opportunities on platforms such as Twitch, which are hugely popular at the moment. Stay away from the big-name advertising platforms. Yes, ultimately, you want to master Google and Facebook. But, the big companies are already spending a fortune on Google. Because of this, rapidly getting to the top is not workable in most cases. Plus, if you don’t have the funds for marketing yet, organic marketing is a great approach during a recession. This means you are going to be getting people to come to your company naturally over time or via word of mouth. This is instead of paying for links.

Some industries are thriving at present

One of the main reasons why you should consider starting a business at the moment is because some industries are thriving at the moment. This includes the market for household essentials, groceries, and the medical sector. It is something for you to think about while you are in lockdown. You can cultivate ideas into something new by discovering current inefficiencies in the market. You don’t have to reinvent the wheel. It is about taking what you see in the market at the moment and applying it to your next business venture in a unique way.

What have you got to lose?

If you always wanted to start your own company, but you have been scared to leave your job and take the plunge, now is your chance. You may be in a position whereby this decision has been made for you. If you have lost your job, this could be the ideal opportunity for you to pursue something you have always wanted to. The same applies if you aren’t going to be returning to your job for the foreseeable future because of the current social distancing rules

So there you have it: an insight into the different reasons why it makes sense to launch a business in 2020. You may think that it is all doom and gloom at the moment. However, it is crucial to understand that it is also a period of opportunity. Certain industries are thriving at the moment, and our usual way of living has also changed. When something like this happens, it allows us to enter the market uniquely and cater to a need that perhaps was not there before. One of the easiest ways to do this is with a franchise, as you already have a proven business model that is ready to go. We have a significant number of opportunities available for anyone who is looking to start a business in 2020, so make sure you check them out and please do not hesitate to get in touch with us if you have any questions. 

Categories
News

Welcome Aboard!

Ken Leese – Moorestown, NJ

ATAX and LOYALTY BUSINESS SERVICES is lucky to have this dynamic partner set his stake in the great state of New Jersey.

Please welcome aboard our newest power – Area Representative, Ken Leese of Moorestown, New Jersey! Ken is not only hardworking and dedicated but eager and willing to learn.

Prior to becoming a proud Area Representative owner, Ken was a former Jackson Hewitt franchisee, leaving there in 2017 and then became the owner of The Tax Authority.

The combination of Ken’s talent and desire, created an intriguing opportunity with ATAX & Loyalty Business Services. Ken sited, “the opportunity to help both homeowners and business owners with their tax preparation, payroll and compliance issues,” as the leading reason Ken took his first steps on his ATAX & Loyalty Business Services journey.

Long term, Ken wants to continue to gain product knowledge, not only with our current offerings, but keeping up with the latest trends. Financially, Ken plans to achieve a net profit of at least $500,000 in 5 years. Ultimately, Ken is determined to be able to serve customers in every city in his territories! Those are very ambitious goals, but Ken is an ambitious business man and we have no doubt he will succeed!

When Ken is not working so hard or LEARNING so much, Ken enjoys spending quality time with his family traveling, playing tennis and loves to fish!

We look forward to your success!  Welcome, Ken Leese!

Categories
News

The Taxman

Having Put Thousands in Business, John Hewitt Sets His Sights on an Under served Market

A legend in both industries, Hewitt has put thousands of people in business with his franchised tax concepts, Jackson Hewitt and Liberty Tax Service. He successfully launched, built and sold both companies and is focusing on a third tax preparation franchise, ATAX, which is geared to lower income populations in Hispanic communities.

By using the same formula and philosophy that led to the rapid growth of his first two brands, Hewitt plans to build ATAX to be a giant in the industry that could eclipse both Liberty Tax and Jackson Hewitt.  “I took Liberty Tax from zero to 4,000 units in 15 years, making it the fastest-growing major tax preparation company in history,” he says.  “With ATAX, there is tremendous opportunity to go even further.”

SECRET SAUCE

So what’s Hewitt’s secret?  It’s a simple concept, but one that he says a lot of other franchises just don’t get.  “I always desire what’s best for the other person,” Hewitt says.  “I am fanatically committed to making franchise successful and happy.  Changing lives is my number-one driving force.”

No one could argue that Hewitt is driven.  After 51 years in business, you would think that he’d slow down, but he is just gearing up to build an empire with Loyalty Brands, the umbrella franchise company, which included ATAX, and consists of business brokerage, small business accounting, tax preparation, plus networking and bartering franchises.  One of his newest brands is Loyalty Business Services, a tax, payroll, compliance and small business advisory franchise.