Accounting Services for the Hospitality Industry
Competitive and cyclical in nature, many restaurants and hotels operate on a slim margin subject to the whims of tourism trends, weather, and other factors beyond anyone’s control.
It’s vital to use a tax and accounting firm that understands the financial and operational challenges faced by businesses in the hospitality industry.
When you hire an accounting and tax professional that specializes in hospitality-related businesses, you get more than a general business accounting firm. I also handle industry-specific issues that arise such as state and local government tax incentives, R&D tax credits and other deductions that reduce your tax liability, and in-depth knowledge of repair regulations, as well as sales and use tax.
Hospitality Accounting Services
- Tax Return Preparation
- Cash flow forecasting and revenue projections
- Financing assistance options