Accounting Services for the Hospitality Industry
The restaurant and hotel industry can be fiercely competitive and subject to fluctuating demand influenced by tourism trends, weather patterns, and other variables beyond anyone’s control. With thin profit margins, it’s crucial to partner with a tax and accounting firm that understands the unique financial and operational challenges that businesses in this industry face.
Choosing a tax and accounting firm that specializes in hospitality-related businesses is essential to ensure your success. Our team of experts can help with financing options, deal structuring, and revenue forecasting, in addition to addressing industry-specific issues such as state and local government tax incentives, R&D tax credits, and other deductions that can reduce your tax liability. We also have in- depth knowledge of repair regulations, as well as sales and use tax, giving you peace of mind knowing your financial affairs are in good hands.
Our Hospitality Accounting Services
Audits, reviews, and compilations (financial statements)
Cost segregation studies
Operational and profitability reviews
Sales and use tax
Business tax incentives
Payroll issues (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
Family-owned and Independent Restaurants
Leave the Accounting to Us.
Our specialized accounting knowledge has helped numerous hotels, resorts, restaurants, and other hospitality-related businesses thrive and we’re ready to help you too. Your customers deserve top-notch service and so do you.
If you’d like to learn more about our hospitality accounting services, simply fill out the contact form below to get started.