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The Bottom Line Costs of:X 1 BKX 10 BKs NLRB Regulations (persuader rule) $417$4,170 Min. Wage Increase$44,460$444,600 Affordable Care Act$37,860$378,600.

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Presentation on theme: "The Bottom Line Costs of:X 1 BKX 10 BKs NLRB Regulations (persuader rule) $417$4,170 Min. Wage Increase$44,460$444,600 Affordable Care Act$37,860$378,600."— Presentation transcript:

1 The Bottom Line Costs of:X 1 BKX 10 BKs NLRB Regulations (persuader rule) $417$4,170 Min. Wage Increase$44,460$444,600 Affordable Care Act$37,860$378,600 Renewable Fuel Standards $18,190$181,900 Paid Sick Leave$11,312$113,120 Menu Board Labeling$1,100$11,000 I-9 Reporting Penalties$1,100$11,000 Fair Pay Act - Per Lawsuit$300,000$3 Million Min. Estimated Costs:$414,439$4,144,390 DO THE MATH! How Legislation Can HURT Your Bottom Line

2 DO THE MATH! How Legislation Can HELP Your Bottom Line The Bottom Line Costs of:X 1 BK X 10 BKs WOTC Tax Credit$2,400$24,000 15 Year Building Depreciation $9,897$98,970 Employer Mandate Repeal$37,860$378,600 Expiration of ethanol Subsidies $18,190$181,900 Elimination of I-9 penalties$1,100$11,000 179 Expensing Extension$375,000 Min. Estimated Savings:$444,447.00$1,069,470.00 ** From November 2012-October 2013, the average net profit per BURGER KING® Restaurant was $77,000. This is a 42% decrease in average net profits in 2007 (as represented by those restaurants submitting data the P&L benchmark report by Restaurant Services Inc.)

3 Sources NLRB Regulations (persuader/advice rule) = www.Manhattan-institute.orgwww.Manhattan-institute.org The Manhattan Institute postulates that familiarization costs for an enterprise with 5 or more employees spending up to four hours at $104.33 per hour will total approximately $417 in paperwork burdens per establishment. Min. Wage Increase = Based on 10 minimum wage workers, employed an average of 30 hours per week. Based on 2013 Harkin/DeLauro bill which would raise minimum wage from $7.25 to $10.10/hour by 2015. (10 employees x 30 hours per week x 52 weeks = 15,600 hours x $2.85/hour increase = $44,460) Affordable Care Act/Employer Mandate Repeal = assuming compliance w/15 employees participating, ave. salary $10/hr, policy premium $4,500 Renewable Fuel Standards/Expiration of Ethanol Subsidies = NCCR, PriceWaterhouseCoopers study, http://www.nccr.net/flipbook/index.html#/0http://www.nccr.net/flipbook/index.html#/0.

4 Sources Paid Sick Leave = RollCall, Authored by Rep. DeLauro, Harkin Proposals by Rep. DeLauro and Sen. Harkin would allow 1 hour of paid sick leave for every 30 hours worked. This could potentially equate to 56 hours, or 7 days of paid sick leave per year. At a wage of $10.10 per hour with 20 employees, this could cost each restaurant $11,312 per year Menu Board Labeling – Department of HHS Notice of Proposed Rulemaking March 2011 estimate per establishment. www.fda.gov/.../Food/IngredientsPackagingLabeling/UCM249276.pdf www.fda.gov/.../Food/IngredientsPackagingLabeling/UCM249276.pdf I-9 Penalties – Based on maximum penalties for 3 offenses per year for failing to comply with Form I-9 requirements. http://www.uscis.gov/portal/site/uscis/menuitem.eb1d4c2a3e5b9ac89243c6a7543f6d1a/?vgnextoid=92082d73a2d3821 0VgnVCM100000082ca60aRCRD&vgnextchannel=92082d73a2d38210VgnVCM100000082ca60aRCRD Fair Pay Act - Per Lawsuit = The CPA Journal; Average Cost to Settle a Discrimination Lawsuit; http://nysscpa.org/printversions/cpaj/2005/405/p12.htm http://nysscpa.org/printversions/cpaj/2005/405/p12.htm

5 Sources Building Depreciation - information provided by Polaris Government Relations Group WOTC Tax Credit –allows businesses to claim a work opportunity tax credit equal to 40 percent of the first $6,000 of wages paid to new hires of one of eight targeted groups. See American Tax Payer Relief Act of 2012 179 Expensing – Businesses can currently write-off up to $500,000 of qualified capital expenditures. This was increased from $125,000 prior to the initial stimulus act in 2007. With the increased caps extended, business owners can expense an additional $375,000 per year. http://www.section179.org/http://www.section179.org/


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