Specialized Accounting Services for the Hospitality Industry
The hospitality industry is highly competitive and subject to seasonal and external factors such as tourism trends and weather, leading many restaurants and hotels to operate on thin margins.
Understanding Your Financial and Operational Challenges
Navigating the financial landscape of the hospitality industry requires expertise in its unique challenges. From financing assistance to deal structuring and revenue projections, it’s crucial to work with a tax and accounting firm that comprehends the specific needs of hospitality businesses.
Benefits of Specialized Hospitality Accounting Professionals
When you partner with accounting and tax experts specialized in hospitality, you gain more than general business accounting services. We address industry-specific issues such as state and local tax incentives, R&D tax credits, and deductions to minimize your tax liability. Our expertise includes knowledge of repair regulations and sales and use tax complexities.
Our Hospitality Accounting Services Include:
- Internal controls
- Audits, reviews, and compilations (financial statements)
- Cost segregation studies
- Operational and profitability reviews
- Sales and use tax compliance
- Business tax incentives
- Payroll issues (including tip reporting)
- Cash flow forecasting and revenue projections
- Financing assistance options
- Mergers and acquisitions
- Business and real estate valuations
- Succession planning and exit strategies
Our Hospitality Clients:
- Hotels and hotel developers
- Golf resorts
- Entertainment facilities
- Country clubs
- Restaurant franchises
- Family-owned and independent restaurants
- Race tracks
- Wineries
Focus on Excellence, Leave the Accounting to Us
Our specialized accounting expertise has supported numerous hotels, resorts, restaurants, and other hospitality businesses in thriving. We are ready to assist you in achieving your financial goals. Your customers deserve the best service, and so do you.