Hospitality and Lodging
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. 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
- Tax planning strategies
- Cost segregation analysis
- Tax credits
Management Advisory Services
- Accounting staff hiring and training
- 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 benchmarking statistics
- Buy-sell agreements & business valuations
- Retirement planning services
- Forensic accounting
- Litigation support
Contact
John T. Pagerly, CPA – Reading, PA
Joel S. Kunkel, CPA – Pittsburgh, PA