If you’re in the service business, you know that your time and expertise are two of your most precious assets. We understand this, because we’re in the service business, too.
For physicians, dentists, attorneys, law firms, and insurance agencies
Patients and clients rely on their doctors, dentists, attorneys and insurance agents to provide sound advice when they need it most. With patient and client demands, it is difficult to find time to manage your personnel, computer needs, and accounting and tax issues, let alone grow your business for the future. After all, you went to school to learn how to perform surgery, win in the courtroom and recommend the right policies for clients – not apply the latest tax laws to your business.
Of course, we can help you with your financial statements, whether you are required to have a compilation, review or audit. Likewise, Gross Mendelsohn offers you a full-service tax department that prepares federal and state tax returns for professional service firms and their owners (partners, shareholders, principals, etc). We take an integrated approach to accounting, tax and investment management issues, helping ensure the financial aspects of your business and personal lives are in sync.
The real value of working with Gross Mendelsohn, however, lies in our ability to help you manage your practice from a high level and plan for the future. As a professional service firm, we share your goal of growing your practice and finding every way to be more profitable.
Professional service firms have a wide range of unique issues. Do you have a compensation plan for partners and principals, and is it one that will attract talented people to your practice? Likewise, it’s essential that you have a solid partnership agreement in place. It’s important to make the right entity selection for your business. Are your financing needs being met? We regularly introduce clients to banking contacts to help with financing needs.
While it’s important to keep your eye on the pulse of your practice today, it’s equally important to plan for the future. Is your retirement plan the best kind for your business and your people? Have you thought about what will happen after you and/or key partners and principals retire? Developing a succession plan now will help your business stay viable well into the future. Do you have a system in place for managing your investments?
All businesses rely on technology. But is your computer system fine-tuned to keep your practice running smoothly? Gross Mendelsohn’s Technology Solutions Group offers a full range of technology services, including networking and computer system design and implementation. We can help you save time by integrating your systems and building reports that give you real-time information to facilitate better decision-making.
The bottom line? We'll help you watch your bottom line.
The statistics are familiar. Operating a successful restaurant is incredibly difficult. Staying in business for the long-haul is even harder. Intense competition, staffing challenges, and hard-to-predict product costs are among the challenges you face as a restaurateur. With the right CPA firm helping you, you are less likely to fall victim to those grim industry statistics.
Gross Mendelsohn has a proven track record of helping restaurateurs and caterers increase profitability.
Offering advice that helps you control costs, manage inventory effectively and lessen your tax burden, Gross Mendelsohn’s restaurant experts can help.
Whether you have questions about tip reporting, menu pricing, sales tax, or food and beverage costs, chances are we’ve addressed the issue before for one of our many fine dining establishment, casual restaurant, or catering clients. When you work with Gross Mendelsohn’s food and beverage experts, you’ll get reliable accounting, tax preparation and tax planning services, along with advice on operations, budgeting, depreciation, entity selection, financial reporting, accounting software and systems and IT networking.
For restaurant and catering owners, we offer integrated tax planning, estate planning, succession planning, retirement planning, personal financial planning and investment management. Should you need a business valuation for estate or succession planning purposes, our Certified Valuation Analysts can provide one.
Relying on Gross Mendelsohn’s food and beverage industry experts will free up more time for you to focus on your customers, menu and creative talent.