As a key financial partner to our hospitality clients, it is our responsibility to understand the critical issues that exist within their segment. Some of those issues include:
- Financial pressures associated with seasonal cash flow
- Investment trends
- Capacity issues
- Sensitivity to travel conditions
- Role of internet hotel bookings and increased website usage
- Natural disasters and health threats
- Franchise and foreign operations
Our service mix is constantly expanding to meet the changing needs of a diverse client base. This makes us an excellent resource and partner to both start-up and well-established hospitality industry businesses and organizations. In addition to traditional accounting, auditing and tax services, we offer services specific to the hospitality industry such as those services listed to the left. Specialty consulting services are the fastest-growing portion of our business portfolio, as clients turn to us for actionable insight and wisdom to help them succeed.
Hospitality Services Portfolio
Financial:
- Forecasted/projected financial statements
- Monthly financial reporting and analysis
- Assistance in obtaining financing through banks or public development funds
- Accounting system design
Tax:
- Estate planning
- IRS, state and local audits
- Preparation of financial statements and income tax returns
- Tax planning strategies
- Cost segregation analysis
- Tax credits
Management Advisory Services:
- Accounting staff hiring and training
- Assistance in selecting a point of sale (POS) cash register system
- Systems of control to deter theft
- Results-oriented evaluations of operations such as inventory controls, menu pricing and tip reporting and allocation
- Access to industry statistics (benchmarking)
- Buy-sell agreements & business valuations
- Retirement planning services
- Forensic accounting
- Litigation support