Hospitality Accounting Services
BlumShapiro works with a wide array of clients in the hospitality industry, including hospitality management companies, investment companies, franchised and locally owned hotels, conference centers, marinas, country clubs, restaurants and travel and tourism-related businesses.
Our bench of experts knows the key issues and unique challenges affecting the hospitality industry. Our team members work together with each client to understand the unique nature of each business’ needs. From purchase and sale to building and construction to day-to-day operations, we understand the nuances of complex and changing partnerships.
We advise our clients on the related tax rules to minimize their liabilities and maximize cash flow. We leverage the latest accounting rules and pronouncements every step of the way and stay abreast of the trends that impact the hospitality industry.
We also have particular expertise in the areas of business valuation and cost segregation for the hospitality industry. Establishing the worth of a company requires a multi-disciplinary examination of the business, coupled with professional judgment that comes from training and experience. An accurate and defensible assessment of the value of a business involves the application of standards, formulas and pertinent financial, tax, economic and industry data. Our cost segregation specialists employ comprehensive tax planning strategies to reduce taxes through accelerated depreciation tax deductions.
As the largest regional business advisory firm based in New England, and a top 60 firm in the United States, BlumShapiro has the experience and resources to give your business the edge to stay ahead of the competition.
Our comprehensive service offerings allow us to help you implement proven strategies so you can make accurate and informed business decisions:
Accounting and Auditing
- Financial Statement Audits, Reviews and Compilations
- Employee Benefit Plan Audits
- Internal Controls
- Cash Flow Analysis
- Agreed-Upon Procedures
- Preparation of Federal, State and Local Tax Returns
- Cost Segregation Studies
- Succession Planning
- Estate and Financial Planning
- Business Valuation
- Fraud Risk Assessments
- Litigation Support
- Financial Systems Solutions
- Operational Reviews
Contact our Hospitality Services Team for more information: