There’s no 9-to-5 in your business. It’s long hours, tight margins and, often, as much a lifelong passion as a for-profit enterprise.
Channeling that passion into a lucrative business—one that fully realizes its potential—generally requires more: the expertise of trusted advisors in business, finance, accounting and tax, among others.
That’s where we can help.
Do you have the necessary controls in place to minimize shortages and outright fraud in cash and in your product inventory? Have you negotiated the most favorable leases and rental agreements, or did you leave money on the table? Should you buy or lease that expensive piece of equipment you’re considering?
Have you structured your business to minimize the financial risks, as well as the taxes? Are your recordkeeping systems designed to provide the information you need to simply and effectively manage your budget and cash flow, while providing you with the reporting you need for optimal decision-making?
Are you correctly tracking, allocating and reporting tips and sales taxes? What if you could accelerate depreciation deductions and therefore reduce cash outlays for federal taxes in the early years of your business—or after completing that expensive remodel—as a result of a cost segregation study?
We can help you with the decisions and the business structures and practices that often mean the difference between a profitable business and a struggling or even losing endeavor.
We’ve served businesses in the Northwest’s hospitality community for more than two decades. Our clients include restaurants, hotels, clubs, bars and other hospitality facilities.