Running a successful restaurant is rewarding, but it involves a lot of hard work. You’re not only living your dream of serving up delicious food to the masses – you’re also thinking about your operations, profitability, accounting – maybe you’re even considering expanding your concept across state lines or the world. That’s where our national restaurant group comes in.
You need specialists who can provide services no matter where you’re established or where your next project is taking you. Our restaurant CPAs understand your changing business environment and can tackle the unique issues you face in the restaurant industry while also providing valuable information, insights and tips that speak specifically to your needs as a restaurant owner.
Tax Reform + New Revenue Recognition Guidance for Restaurants
It’s a big year of changes for restaurants. Several high-profile issues are directly impacting your industry: tax reform and the new revenue recognition standard. Both will affect your operations and require you to take another look at your tax planning strategies as well as your accounting and preparation of financial statements.
Our new e-Book hits all the highlights and gives you quick access to the most important information, so you don’t have to sift through 1,000 pages of tax law and FASB guidance. This easy to understand breakdown will help make sure you’re in compliance and taking advantage of tax saving opportunities under tax reform for 2018 and prepare you to implement the new revenue recognition guidance for fiscal 2019.
Our restaurant specialists have worked with all segments and sizes of restaurants across the country including many of the nation’s fastest-growing and most well-respected brands. They work with franchisors, franchisees, breweries and independent restaurant groups that have locations throughout the U.S.
Our professionals are also affiliated with, and actively involved in leading industry organizations including the National Restaurant Association (NRA) and, in our home state of Arizona, the Arizona Restaurant Association (ARA). So, you have support not only through Henry+Horne’s resources but also those of the ARA and the NRA.
From tax consulting and compliance to accounting and assurance services, our professionals can help you increase profits and efficiency while taking advantage of smart tax planning opportunities, making sure you’re in compliance with the new tax law and more. Maybe you’re looking to implement best practices or revamp your internal controls to minimize your fraud risk or optimize profitability. Our team specializes in a number of services that can lighten your load, so you can focus on what’s really important – running your restaurant.
- Audits, Reviews and Compilations
- Accounting Services
- Business Acquisition and Succession Planning
- Compensation Strategies
- Cost Segregation
- Employee Benefit Plan Audits
- Estate Planning
- International Expansion
- IRS/State Audit Representation
- Litigation + Valuation Services
- Multi State Tax Planning
- Pension and Retirement Planning
- Real Estate Consulting
- Tax Consulting + Compliance
- Tip Reporting + Compliance
Our national restaurant team has been helping clients across the country like you for more than 75 years combined. Questions about our restaurant accounting services? Based on your needs, let us help you get in touch with the right professional. Fill out the form to the left to contact Brian, Bradley or Dustin.