Our hospitality client base includes hotels, restaurants, bed and breakfasts, golf courses, breweries and wineries.
minnesota hospitality accounting experts.
Specific provisions in the tax law affect the hospitality industry more than others. Are you aware of the tax savings your hospitality business may be eligible for? Smith Schafer is a recognized leader in providing accounting, auditing and consulting services to the hospitality industry since 1971.
Our Hospitality Expert Group helps businesses thrive in an industry known for high turnover, intense competition, tight controls and high costs. We committed to serving over 100 Minnesota hospitality entities. We take great pride in consulting on various industry specific issues, as well as the broader needs of these businesses and their owners.
specialized hospitality industry services
Financial Statement Preparation & Review
Proactive Tax Planning
Multistate Tax Consulting
Quarterly Corporate Reports
State & Local Income/Sales Tax
Risk Assessments & Internal Controls Review
Bookkeeping & Payroll
QuickBooks ProAdvisor Services
Budgeting & Cash Flow Analysis
Buying & Selling
Retirement Plan Consulting
Insurance Coverage Analysis
Benchmarking & Projections
Smith Schafer professionals have serviced and made a strong
Why Hospitality Clients Choose Us
“We have been using Smith Schafer services for over 20 years. It is very helpful when they know you and your companies and are able to help sort through the advantages of how to do your taxes for the different entities you may have.”
– D&R Star
“Smith Schafer is easy to work with. They explain things in terms I can understand. I completely trust their work.”
– Harbor View Cafe
KEY PERFORMANCE INDICATORS FOR THE HOSPITALITY INDUSTRY
Click the button below to download the benchmarks regarding three major subgroups in the hospitality industry:
- Hotels & Lodging
- Golf Courses
We are here to help you.
Contact us today to schedule a consultation about your Hospitality business.
Hospitality Industry Resources
Reading Time: < 1 minute Utilizing benchmarks is the easiest way to determine how well your hospitality company stacks up against others in your industry.
Reading Time: 2 minutes As a general rule, local sales tax should be charged to customers on all sales made in a local taxing area.
Reading Time: 4 minutes Unemployment is at or near a record low. Hospitality business owners are looking for new tools to attract and retain a robust workforce.
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