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HOSPITALITY

Providing the comfort and service your and your business need.

ELO CPAs & Advisors is fully equipped to provide a full suite of business services (consulting, tax, audit & client accounting services) to hotels, restaurants, and entertainment venues. Our client base includes many local, state, regional and national small business owners and management groups. We take great pride in advising and supporting our clients on various industry specific issues as well as the broader needs of the hospitality industry.

 

The hospitality industry is highly competitive and cyclical in nature especially in these current unstable times. You need the right business services advisor to make the most of your investment and opportunity. Because we strive to be your trusted advisor, we expand our focus beyond your every day needs. We assist our hospitality clients in growing their businesses.

Our depth of knowledge and breadth of experience comes from both sides of the table - industry and public accounting & advisory experience.  We have the knowledge, the experience and the resources to help you reach your goals. 

We work with a variety of hospitality including:

  • Motels and Hotels

  • Bed and Breakfast

  • Hunting Lodges

  • Restaurants

  • Management Companies

  • Resorts

Our Services:
Performance & Profitability
  • Cost analysis

  • Cash flow analysis

  • Full operational analysis

Strategy & Management
  • Strategic planning

  • Estate planning

  • M&A consulting

  • Succession planning and exit alternatives

  • Business valuations

Tax Planning & Preparation
  • Tax preparation for owners

  • Business tax preparation

  • Tax strategy, planning and research

  • Entity structure analysis

  • Tax credits and incentives

  • Cost segregation studies and related services

  • State sales and use tax

Compliance & Assurance
  • Financial statement services – audits, reviews, compilations

  • Multi-state tax compliance

  • Employee benefit plan audits

  • Agreed upon procedures

Client Accounting Services & Other Outsourced Services
  • Outsourced accounting and bookkeeping

  • Payroll

  • Accounting consulting and support for QuickBooks

  • Accounting software recommendations and support

Frequently Asked Questions

How to calculate a break even point for a hotel?


With experience that is wide-ranging in a variety of hotel types and locations, ELO can support you in your current operations or when evaluating opportunities to purchase or start a hospitality business.




What deductions and credits are available for new construction?


Tax credits are good to investigate before building. For example, a tax credit for geothermal may just make it worth installing as it may save enough by the credit and energy savings to pay for the efficiencies. However, energy type credits are continuously changing so you need to check ahead on which ones are in place.





Contact Jamie

for more information

As audit partner, Jamie Eldeen oversees the audit and attest department for the firm to include oversight of the firm’s quality control.  He works with a variety of organizations, helping them succeed by providing industry expertise and business planning strategies, as well as assisting with tax, accounting and financial statement needs.

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