Pressure on profit margins.
From commodity pricing issues to new IRS regulations to the Affordable Care Act, the restaurant industry must account for the cost and impact of numerous new changes and challenges. As businesses adapt to these new circumstances, they face increasing pressure on margins and profitability.
BDO is one of very few CPA firms in the U.S. with a robust and dedicated Restaurant Practice. Our professionals serve hundreds of clients across the country, including franchisors, franchisees, public companies, and independents. We also serve all segments – quick service (QSR), fast casual, casual dining, pizza, fine dining, and emerging chains. From menu engineering to capital structure, our professionals draw on extensive knowledge of best practices in order to help our clients drive profitability and growth. In addition to a full array of tax and assurance services, we also provide a wide range of advisory services, including internal control reviews, benchmarking studies, and repairs and maintenance studies.
Additionally, BDO organizes roundtables and conferences for finance and accounting professionals in the restaurant industry several times a year. Our Restaurant CFO Bootcamp® is regularly attended by top restaurant executives including CEOs, CFOs, and controllers, bringing together a variety of speakers and thought leaders to discuss financial management issues unique to the industry.
Second Course Reviews
From identifying valuable tax opportunities to maintaining GAAP compliance, it pays to get a second opinion. BDO offers prospective clients a complimentary review of previous tax returns and other financial statements to identify mistakes and missed opportunities, with no obligation to change accounting firms.
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