Expertise in Serving the Restaurant Industry
For a small-to-midsize restaurant operation, trying to keep up with the day-to-day accounting and tax aspects of the business can become overwhelming. We strive to take the burden of our clients’ financial tasks off of them so they can do what they do best – run their restaurant business. HMWC CPAs & Business Advisors provides full support for restaurant clients that need regular assistance, not just annual tax returns or financial statement preparation.
HMWC CPAs & Business Advisors serves single and multi-unit independent restaurants, franchisees and franchisors, providing assistance with whatever their financial needs may be. This includes outsourced accounting, payroll services, sales tax, licenses, permits and royalties, CFO services, software selection and implementation, business formation and planning, and succession planning, as well as financial statement reporting and preparation of income tax returns.
We can also help restaurant owners establish relationships with other professional service providers, as well as vendors/suppliers/business partners, so that our clients have an array of resources on-hand to help their restaurant business achieve its optimal success.
Complete Financial Office Solutions
HMWC CPAs & Business Advisors offers Complete Financial Office Solutions specifically tailored to restaurants. These services include:
Audit & Accounting
- Audits, reviews, and compilations of financial statements, including franchise audits
- Federal reporting requirements
- Bookkeeping and general ledger assistance
- Financial statement analysis
- Payroll/labor distributions
- Bill Payment
- Royalty Calculations
- Franchise Billing
- Financial Analysis
- Rent Calculations
- Permit/License Tracking
- Forms 1099
Sales & Use Tax Returns
- Payroll Processing/Recording
- Payroll Tax Returns
- Annual Tip Reporting
Business Property Statements
- Budgeting & Forecasting
- Cash Management
- Banker Relations
Software Selection & Implementation
Financial Statement Compilations
Income Tax Services
- Tax Planning & Projections
- Tax Return Preparation
- Government Audits
- Lease Audits
We have extensive experience utilizing cloud-based restaurant-specific accounting software that integrates with key restaurant modules such as: Operations, Franchising, Scheduling, Business Analytics, Budgeting, Inventory, Financial Reporting, Food and Recipe Costing, and Catering.
We provide a full range of tax compliance and planning services for corporations, partnerships, not-for-profit entities and individuals, as well as trusts and estates.
Accounting & Audit
These services are aimed at enhancing the consistency and credibility of financial information that is utilized by investors, lenders and management.
- Audits, reviews and compilations
- Interim and pro-forma financial information
- Evaluation and design of internal accounting systems
Pension & Human Resources
As tax consultants and business advisors, we work with our clients and their third party administrators to custom design plans to meet each company’s specific needs.
Estate & Financial Planning
We help with issues such as succession planning, estate planning and gifting programs, retirement planning, and financing children’s education.
Our affiliate Yosemite Capital Management, LLC, provides investment advisory services, capital management and in-depth portfolio planning.
Mergers & Acquisitions
Business owners appreciate our connections and expertise in mergers and acquisitions, corporate finance and bank financing services. These can be critical for the growth and expansion of your business.
Our Restaurants practice is headed by partner Susan Levinstein.