From shifting consumer preferences to innovative new trends, long-term success in the hospitality industry requires a robust business model built on sound accounting principles and a flexible cash flow. Whether you are a small independent or a large national chain, a franchise, or an expansive resort, our team can help you develop strategies to overcome industry uncertainties. Having a dedicated team of experts who are up-to-date on current developments and will serve as a partner in your operational development is a distinct advantage. We will work alongside you to establish an actionable plan to achieve solutions vital to your ongoing success and development. Ultimately, our working relationship will create a stronger business with a clearer financial picture and the ability to adapt to fluctuating industry trends.
Our professionals can help with:
- Wage and hour regulations
- Payroll
- Tip allocation and credits
- Business meal deductibility
- Employee benefit plan audit
- The work opportunity tax credit
- The welfare-to-work tax credit
- Small business health plans
- Cash flow management strategies
- Estate tax repeal
- Internal controls
- Restaurant depreciation
- Increased use of information technology, including internet transactions
- Industry benchmarking
- Cost segregation studies that will identify building and improvement costs for which depreciation can be accelerated