Restaurant & Hospitality Tax & Accounting Services
Specialized Financial Solutions for the Hospitality Industry
Restaurants, hotels, and hospitality businesses face unique financial challenges, from managing cash transactions and tips to controlling food costs and handling seasonal fluctuations. Our specialized services for the hospitality industry provide the expertise needed to improve profitability and manage compliance.
Our Restaurant & Hospitality Services
Hospitality Industry Tax Planning
- Tip reporting and FICA tip credit optimization
- Sales tax compliance and reporting
- Alcohol and beverage tax management
- Fixed asset depreciation strategies
- Work opportunity tax credit (WOTC) qualification
- State-specific hospitality tax incentives
Restaurant Financial Management
- Food and beverage cost analysis
- Prime cost benchmarking and management
- Labor cost optimization
- Menu pricing strategy and analysis
- Inventory management systems
- Cash handling controls and procedures
Operational Accounting
- Point-of-sale system integration
- Daily/weekly flash reporting setup
- Cash flow management for seasonal businesses
- Multi-location financial consolidation
- Franchise accounting and reporting
- Restaurant-specific KPI tracking
Hospitality Business Advisory
- New location financial feasibility studies
- Concept development financial modeling
- Restaurant/hotel valuation services
- Ownership transition planning
- Franchise vs. independent analysis
- Expansion and growth planning
Why Hospitality Businesses Choose Us
- Industry Knowledge: We understand the unique financial aspects of restaurants and hotels
- Operational Focus: We help analyze cost structures to improve thin margins
- Compliance Expertise: We help navigate complex tax requirements specific to hospitality
- Technology Integration: We implement systems that work with your hospitality operations
- Benchmark Analysis: We compare your performance against industry standards
Getting Started
Schedule a consultation to discuss your hospitality business's financial needs and discover how our specialized services can support your success. Our team is ready to help you navigate the financial complexities of the restaurant and hospitality industry.