Restaurant Bar

HOSPITALITY

In our extraordinary times, we are able to partner with the hospitality industry to help them achieve an increased bottom line and strategically assist with key business decisions.

ACCOUNTING

  • Outsourced accounting assistance

  • QuickBooks assistance by QuickBooks Certified ProAdvisors

  • Preparation of internal financial statements

  • Internal controls implementation

TAX

  • Tax planning strategies

  • Tax preparation for the food and beverage business and the owner(s).

  • Tips credit

  • Cost-savings possibilities when the business and owner(s) personal taxes are prepared collectively

  • All federal, state, and local tax filings

  • Quarterly estimate preparation

  • New partner/ investor tax considerations

  • Multiple restaurant locations and multi-state tax filings

ASSURANCE

  • Preparation of audited, reviewed, or compiled financial statements

  • Assistance with bank loan covenant requirements, lease requirements, and additional assurance requirements

  • Agreed-upon procedures

  • Employee benefit plan audits

CFO ADVISORY

  • Our full-service offering

  • Bring the practice advisory, accounting, financial, and tax expertise directly onto your team - without the full-time expense of highly qualified financial employees

  • Take your growing food and beverage practice to the next level financially by utilizing the expertise of multiple CPAs, allowing us to handle the numerous facets of your business' finances

  • For the owner(s) that utilize our CFO Advisory services, our #1 priority is maximizing value for the owner(s) of the practice

OWNERSHIP ADVISORY

  • Entity selection assistance

  • Ownership structuring

  • Investor assistance

  • New restaurant startup and business considerations

  • Relationships with bankers, attorneys, financial advisors, and insurance agents to help with startup needs

  • Loan negotiation assistance

  • Operating agreement assistance

  • Succession planning

  • Valuation assistance

FINANCIAL ADVISORY

  • Retirement planning, including assistance with setting up plans that maximize tax deferral opportunities for the owner(s)

  • Profitability & expenditure review

  • Financial planning & budgeting

  • Cash flow modeling

  • Lease vs. buy analysis

410-268-6154     |     410-269-5426     |     brandon@nlvw.cpa

60 West Street, Suite 205, Annapolis, MD 21401

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