The hospitality industry faces increased competition, higher costs, uncontrollable economic influences and abundance of weather variables. Cost management and controls, budgets, projections, capital asset management, and operational efficiencies are vital for a hospitality business to remain successful.
PCA looks for ways to help increase efficiency and profitability, and can help establish financial goals and implement plans to attain them. Our teams’ experience includes restaurants, hotels, inns, spas, golf courses, and other recreational facilities.
Services we provide to the hospitality industry include:
- Financial statement audits, reviews, and compilations
- Tax compliance
- Tax credits and incentives
- Debt and cash flow analysis
- Financial projections
- Budgeting and profit planning
- Assistance with timely loan negotiations
- Assistance with employee benefit plans
- Operational development and expansion
- Gift and member card reporting
- Management of fixed asset depreciation and cost segregation
Maine’s scenic views and its variety of recreational options give the hospitality industry an opportunity to offer quality services to local residents and visitors from away. PCA has the experience to assist with comprehensive advisory and support services to help make positive decisions for continued improvements and continued growth.