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 experts help 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 Statements Preparation & Review
- Accounting Services
- 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
- Succession Planning
- Buying & Selling
- Business Valuation
- Retirement Plan Consulting
- Technology Consulting
- Wealth Management
- 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
Key Performance Indicators for the Hospitality Industry
Utilizing benchmarks is the easiest way to determine how well your hospitality company stacks up against others in your industry.
Hospitality Businesses Guide to Local Sales Tax [Minnesota]
As a general rule, local sales tax should be charged to customers on all sales made in a local taxing area.
Things to Consider before Starting a 401(k) Plan in the Hospitality Industry
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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