Accounting Services for the Hospitality Industry
The hospitality sector is known for its competitive and cyclical nature, with many establishments operating on slim margins. Factors such as tourism trends, weather, and other uncontrollable variables can significantly impact your business.
From assistance with financing options to structuring “the deal” and projecting revenues, it’s vital to partner with a tax and accounting firm that truly understands the unique financial and operational challenges faced by businesses in the hospitality industry.
Why Choose Specialized Hospitality Accountants?
When you work with accounting and tax professionals who specialize in hospitality-related businesses, you gain access to expertise that goes beyond general business accounting. We also handle:
- Industry-Specific Tax Strategies: Minimize your tax burden and maximize profits with state and local incentives, R&D tax credits, and specialized deductions.
- Regulatory Compliance: Stay on top of complex repair regulations and sales & use tax requirements.
Our Hospitality Accounting Services
- Internal controls
- 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:
We proudly serve a wide range of hospitality businesses, including:
- Hotels and Hotel Developers
- Golf Resorts
- Entertainment Facilities
- Country Clubs
- Restaurant Franchises
- Family-owned and Independent Restaurants
- Race Tracks
- Wineries
Focus on Your Guests, 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 do the same for you. Your customers deserve top-notch service and so do you.
Ready to Discuss Your Needs?
Contact us today to learn more about our specialized accounting services. Simply fill out the contact form below to get started.