Restaurants

Feeding a healthy bottom line for restauranteurs

Regardless of whether you’re a franchisee, franchisor or standalone, independent restaurant owner, owning a restaurant is complex. Shifting dynamics in the industry have brought about poor growth, rising costs and a shortage of qualified labor.

From managing and controlling inventory, analyzing data from your point of sale (POS) system to identify issues and opportunities, dealing with a multitude of employee issues, or staying in compliance with sales and other tax compliance and reporting requirements, finding the path to a healthy bottom line can be quite challenging.

Whether you’re operating a single location, multi-location or multi-state restaurant, balancing everything you need to get done is a challenge. The right principal on your team can be instrumental in your continued success. Customized solutions are within reach, including integration and cloud solutions for making the best decisions based on the data you already have across your platforms. Another example is inventory control and management for ordering and maintaining supplies while decreasing waste and driving up profits.

Undoubtedly, there are many dynamics at play for quick-service (QSR), fast-casual, and full-service restaurants. Don’t ‘86’ the available opportunities to adapt and position yourself for continued financial success.

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A RESTAURANTER’S PERSPECTIVE…

“Our company has received excellent service in all aspects of the business.”

James Hamlin – Kobe Steak House of Japan, Wichita, KS

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Solutions for Restaurants

Agreed Upon Procedures, Review and Compilations

Services for providing insight into the accuracy and validity of your restaurant’s accounting and financial information to discover and correct issues, install controls, assist with financial decision making and respond to 3rd party financial information requests.

Learn more about agreed upon procedures and reviews and compilations.

Business Advisory and Consulting

For restaurants seeking guidance in areas in areas such as strategic planning, growth opportunities, business transformations, or selling, merging or transitioning their businesses in response to new situations.

Learn more about business advisory and consulting services.

Outsourced Accounting

For restaurants seeking to make managing their business easier via outsourcing back-office accounting functions like:

Payroll
Accounts payable
Accounts receivable
Analyzing areas for automation
Implementing cloud-based solutions
Training staff on new software and procedures

Learn more about outsourced payroll and accounting options.

Tax Planning and Compliance for Businesses

Tax minimization strategies and tactics at the corporate level with a focus on capturing relevant federal and State of Kansas incentives, credits and deductions for restaurants.

Learn more about tax planning and compliance for businesses.

Tax Planning and Compliance for Individuals

Tax minimization strategies and tactics for restaurant owners with a focus on opportunities under the new Tax Cut and Jobs Act and recent changes to State of Kansas tax requirements. We also help with tax strategies related to succession planning and exiting the business.

Learn more about tax planning and compliance for individuals.

Technology

For restaurants seeking technology support to help streamline and enhance their business operations while securing valuable data from bad actors and cyber threats.

Learn more about technology services.

Wealth Management

We help restaurant owners and their families develop and implement customized strategies for achieving long-term goals, strengthening your financial security and maintaining your quality of life.

Learn more about wealth management services.

RESTAURANT INSIGHTS

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Proposed Increase for Exempt Employees Minimum Salaries