The competitive, seasonal nature of the hospitality industry can make for a challenging environment for sustained profitability as well as for managing the myriad of taxes and government regulations.
At Dembo Jones, we develop a complete understanding of how your business operates and then work with you to build a realistic financial plan with the budgets, forecasts, and internal controls to prioritize consistent cash flow and maximize future opportunities. This can include monitoring food, beverage, and labor costs, as well as margin analysis and theft-prevention measures.
Hospitality businesses employ a wide variety of staff, often with high turnover. Dembo Jones has the expertise to navigate the taxation issues surrounding worker classification, tip reporting, and social security credits to minimize your tax liability. We also assist clients with gift card reporting and securing liquor licenses.
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