Hospitality
Our hospitality client base includes hotels, restaurants, bed and breakfasts, golf courses, breweries and wineries.
minnesota hospitality accounting experts.
Specific provisions in the tax law affect the hospitality industry more than others. Are you aware of the tax savings your hospitality business may be eligible for? Smith Schafer is a recognized leader in providing accounting, auditing and consulting services to the hospitality industry since 1971.
Our experts help businesses thrive in an industry known for high turnover, intense competition, tight controls and high costs. We committed to serving over 100 Minnesota hospitality entities. We take great pride in consulting on various industry specific issues, as well as the broader needs of these businesses and their owners.
specialized hospitality industry services
- Financial Statements Preparation & Review
- Accounting Services
- Proactive Tax Planning
- Multistate Tax Consulting
- Quarterly Corporate Reports
- State & Local Income/Sales Tax
- Risk Assessments & Internal Controls Review
- Bookkeeping & Payroll
- QuickBooks ProAdvisor Services
- Budgeting & Cash Flow Analysis
- Succession Planning
- Buying & Selling
- Business Valuation
- Retirement Plan Consulting
- Technology Consulting
- Wealth Management
- Insurance Coverage Analysis
- Benchmarking & Projections
INDUSTRY INVOLVEMENT
Smith Schafer professionals have serviced and made a strong
Why Hospitality Clients Choose Us
We are here to help you.
Contact us today to schedule a consultation about your Hospitality business.
Hospitality Industry Resources
Tax Rules for Tip Jars
Are the cash amounts distributed to individuals from tip jars classified as tips under the Tax Code and subject to FICA tax? The tax rules for tip jars are complex.
Tax Credits for Restaurants
Are you aware of the tax credits your restaurant may be eligible for?
3 Tips: Succession Planning for Restaurant Owners
Do you know where your restaurant is headed? Do you plan to pass the leadership or management to a different person? Is your restaurant establishment prepared for the unexpected? Every business, large or small, needs to have a succession plan. Building a thriving...