With many tax provisions available solely to restaurants and food service businesses, owners need expert guidance to ensure they’re getting the most from the opportunities available to them. Proactive planning and familiarity with tax laws are just two of the ways we help our clients stay successful in these demanding industries.
Because we’ve been assisting restaurant and food service clients for so many years, we are aware of the ins and outs of equipment purchases and depreciation, payroll and labor issues, and how to minimize your tax liability.
In addition to our traditional tax, accounting, consulting and wealth management services, we also provide specialized expertise to restaurant and food service business owners:
Tax Services and Planning
Our goal is to help clients be as tax efficient as possible. This means we help them take advantage of all of the tax deductions and credits they’re entitled to. The key is proactive planning.
Accounting and Bookkeeping
We often serve as a resource to our clients’ internal accounting and bookkeeping team, helping to set up accounting systems, reconcile the books and generate reports. For businesses requiring compiled or reviewed financial statements, we also provide these attest services.
Our guidance can help you make informed decisions in a number of areas:
- Entity choice and business start-up
- Operating agreements and buy-sell agreements
- Bonus and compensation planning
- Payroll preparation and assistance
- Tax credit planning
- Depreciation consulting
- Expansion planning
- Income allocations
- Succession planning