Growth through balance
The success of a hotel or resort hinges on maintaining a balance between customer acquisition and per key profitability. Mastering those two pillars will always be the core of stability for your business, but their solutions are constantly evolving. In order for your company to survive and thrive, you must develop an advantage over your competition by finding the right team and acquiring the right resources. As tax law changes, you need someone in your corner to guide you through decisions such as entity structuring. Having a great hospitality accounting firm by your side can reduce the time and stress associated with your finances, letting you focus on filling rooms and providing an excellent customer experience.
sharpening Your competitive edge
Your guests will never know just how much goes on behind the scenes to ensure their satisfaction, but we do, and our team of hospitality accountants constantly strive to use that understanding to help our clients prepare financially for the unforeseen struggles ahead. We make it a priority to learn every facet of your company's operations, helping you identify areas for improvement and mitigate potential fraud issues. That holistic insight, paired with an ever-developing mastery of the hospitality industry, also allows us to take our service beyond compliance to become a dependable resource to your decision-making team.
In addition to tax preparation, assurance, and other common accounting services for hotels and resorts, we supplement our relationships with advisory services including, but not limited to:
- Assessing financing alternatives
- Consulting for mergers and acquisitions
- Cost segregation studies
- Entity structuring
- Franchise royalty compliance
- Insurance and retirement plan consulting
- Lease/buy decision support
- Operational reviews
- Profitability analysis
- Tax credit consulting