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Restaurant & Hospitality Industry 

The hospitality industry represents a broad array of businesses that share important commonalities. Their reliance on consumers, coupled with their classification as luxury and discretionary, has made this industry especially vulnerable to the recent economic crisis.

Operating a successful restaurant can be overwhelming considering the complexity of tax regulations and paperwork involved. 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. 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.

Sheehan's restaurant practice understands the unique needs and complex issues business owners face within the restaurant and food service industry. Our professionals have years of experience serving this niche — providing tax, accounting and consulting services to clients that range from fine dining establishments and catering to fast food and fast casual concepts. Focused on your reporting, compliance and consulting needs, our partners and staff combine experience as accounting, tax and consulting advisors with in-depth knowledge of the industry to provide timely and proactive guidance and a comprehensive suite of services. 

Beyond our traditional tax and consulting services, one of the specific ways Sheehan can help restaurant clients is:

  • Cost segregation studies to increase tax depreciation through identification of assets with shorter recovery periods

  • Back office accounting and bill paying services

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