Hospitality and Restaurants

A Full Menu of Services

 

Even a casual observation of the “comings & goings” of both local and trendy neighborhood restaurants proves that this industry is one of the riskiest to enter and remain successful.

MichaelSilver restauratuer clients face a complete spectrum of business challenges.  These challenges include marketing; production and cost control; management of spoilage and pilferage; preventing embezzlement; and ensuring customer satisfaction, all of which can make it difficult to run a profitable establishment.

The MichaelSilver Hospitality and Restaurant team has years of experience consulting on a broad range of these specific issues. Our team of professionals provides a full menu of accounting and assurance, tax, and consulting services to restaurant and beverage establishments, to position them for success. Services include:

 

  • Pre-acquisition/Start-up Consulting
  • Cost Segregation Studies
  • Volume and Profit Analysis
  • Inventory/Cost/Employee Theft Controls
  • FICA Tip Credit Optimization
  • Tip Reporting Compliance
  • Management Profitability/Gross Margin Analyses
  • Restaurant/Liquor Industry State and Local Sales and Amusement Tax Reporting
  • Employee Benefits, Requirements, and Planning
  • Financial Reporting for Third Parties
  • Income Tax Compliance

We help our clients position themselves for success in
this extremely competitive industry.

Joseph P. Roznai

Joseph P. Roznai

CPA, CGMA, Partner

Silver Advantage Alerts

Midyear Planning

With Summer well underway, you may have hit the pause button on thinking about your taxes. Here are some midyear planning ideas to consider.

read more