Restaurant, Bar & Brewery

Restaurant, Bar & Brewery

Helping master the recipe for your success. With over 55 years of roots in the Indianapolis area, we have the knowledge and expertise to help your restaurant, bar or brewery flourish. Somerset has developed relationships with industry bankers, lawyers and other service providers and are ready to provide you with unparalleled business advice. When it comes to reaching your business goals, our team has the experience, resources and desire to help you succeed.

Your craft is serious business, and if you want to be successful in the increasingly competitive industry, our knowledge can be your advantage. Whether you’re a new business with a dream or an established business looking to expand your horizons, we can help. Let us focus on the books so you can focus on your craft.

Somerset CPAs experienced team of professionals has a wealth of knowledge to meet the needs of restaurants, bars and breweries.

SERVICES

  • Labor: Nonexempt overtime rules, minimum wage increases
  • Regulations: Affordable Care Act compliance
  • Commodity fluctuations
  • Sales trends: traffic count, menu price increases
  • Cyber security and PCI compliance
  • Data mining and loyalty programs
  • Tax regulations: FICA tip credit, repairs and maintenance, remodel
  • Gift card compliance
  • Growth challenges and exit strategies
  • Market valuations
  • Incentive compensation plans
  • Core services – audit/tax compliance
  • Repairs and maintenance study
  • Cost segregation study
  • Safe harbor remodel study
  • Unclaimed property (e.g. gift card) compliance/strategy
  • Benchmark studies
  • Research & Development tax credits
  • Identify startup capital resources
  • Outsourced CFO services
  • Outsourced accounting and bookkeeping services
  • Budgets, forecasts and cash management

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