Industries | Restaurants & Food Services
Our clients value the insights we bring beyond the traditional tax and accounting services.
We understand how competitive the food service industry is and how difficult it is to succeed in this environment. Ciuni & Panichi’s expertise enables us to advise you on how to build and maintain your business.
Our clients include many independently owned and operated restaurants. We also work with chain and franchise restaurants, caterers, specialty markets and food stores, as well as wholesale and retail bakers.
We provide a wide range of services to the food service industry, including:
Audit and Accounting Services
- Audit
- Review
- Compilation reports
- Employee benefit plan audit
- Inventory test counts
- Internal auditing/agreed-upon procedures
- Accounting department policies and procedures
- Study of the accounts payable processing and determining cost effective operations
- Study of cash application and handling process
- Development and implementation of internal control policies and systems and standard accounting procedures
- Fraud audits
- Bookkeeping
Tax Compliance and Consulting
- Corporate tax compliance and planning
- Federal, state, and local tax minimization strategies
- Personal property tax returns
- Multi-state tax compliance
- Quarterly federal and state estimates
- FICA Tip Credit calculation and reporting
- Consultation regarding cost segregation studies
- Client representation before IRS, DOL , states (sales, use, and income taxes) and tax assessment negotiations
- State (sales and use, income taxes) tax audit assistance
- Employee Benefits
- Review of employee benefit plans to improve their operating efficiency and level of compliance
- Employee benefit design, compliance, and reporting
- Form 5500 preparation and review
Consulting Services
- Business financing
- Lease negotiation
- Employee bonus program development
- Operational and organizational assessments
- Strategic and growth planning
- Team motivation and leadership training
- Resource allocation planning and implementation
- Organizational development and training
- Human resource assistance
- Family business counseling
- Succession planning
- Valuations of the business
For more information, contact us today. Or, you can connect with any of the individuals highlighted on this page.
