Restaurants

Restaurants

Understanding the nuances of the restaurant industry is essential to delivering exceptional service. In addition to providing traditional tax and assurance services, we frequently consult on private equity needs—whether your business is already backed or is seeking funds to help scale your concept.

When selecting an accounting firm, you’ll consider many factors—technical expertise, industry know-how, reputation, fees. Your ideal service team understand the industry and the issues that affect you, including point-of-sale, leases, and food and beverage inventory controls. At JS Morlu we combine more than a century of accounting experience with industry expertise to deliver a powerful combination of intellectual capital, responsive service, and insight on the business, tax, and regulatory matters vital to your success.

Within the general term “restaurant industry” we also understand that there are specific types of restaurants and other food businesses. Food trucks are not the same as sit down family owned establishments that have been around for generations. It is because of our specific knowledge of every food establishment that we have had success helping restaurants like yours when it comes to things like paying the bills, knowing when to expand, and getting as much money back from the government as possible.

JS Morlu has built a strong team dedicated to the restaurant industry. We know your industry inside and out, thanks to our involvement with industry leaders, associations, and industry-specific training and education. This means we’re up to date with the developments and challenges facing your business every day. It also means we’re able to jump in right away, bringing best practices to the table as well as insight and relevant operational solutions to your questions. This is a distinct advantage over generalist firms that may require time to be brought up to speed before any progress can be made.

Our professionals are intimately familiar with tax laws specific to the restaurant industry, commonly used forms and notices, and day-to-day food service operations. We can answer your questions about tip reporting, food and liquor costs, sales tax audit, and much more. Because we know the industry and are dedicated to consistently educating ourselves on industry trends, our services help clients mitigate tax burden and improve their bottom line.

We can also help you when it comes to business strategy, and to figuring out things like when you can open that new spot, and how much you can afford to spend on paying employees this year.