NYC Bar, tavern & Nightclub Accounting services

Hospitality industry business tax preparation, tax planning, payroll and bookkeeping services

Back office Financial bookkeeping & Tax Planning For Bar & nightclub operations in NYC

Manhattan and New York City are famous for thriving social scenes- often centered around bars, taverns and nightclubs. We understand the day-to-day struggles of keeping the doors open and competing against large operators in the razor thin profit margin-sensitive industry of hospitality. The assistance of a highly qualified Certified Public Accountant (CPA) is absolutely essential for drinking establishments due to specialized Federal, NY State and Manhattan regulations surrounding reporting and tax requirements. NYC is recognized for being “The City that Never Sleeps” and Scott M. Aber, CPA has decades of experience serving the financial, tax planning and accounting needs of New York City’s bustling pubs, bars, lounges and nightclubs. Scott M. Aber CPA’s hospitality industry practice serves you with advisory, accounting, and tax services to support your growth strategy and to increase controls and profitability through all stages of your business lifecycle.

Scott M. Aber, CPA has seasoned professionals who can offer you esteemed expertise and proficiency to guarantee your sports or neighborhood bar, tavern or nightclub is in compliance with all bookkeeping and reporting requirements. Our services are countless and span from tax preparation to cash and tip reporting to accounting consultations, and everything in between. Also, our clientele range from small startups, emerging-concepts, independents, large multi-unit chains, franchisors and franchisees, celebrity chefs to larger upscale taverns, hotels, lounges and bars. Scott M. Aber, CPA is a full-service business here to make sure your business succeeds, complies with all relevant laws and saves money for your bottom line.

Aber CPA serves other businesses including:

Small business Accounting
Restaurant Accounting
Bar, Tavern, & Nightclub Accounting
Accounting For Dentists
Accounting For Lawyers
Accounting For Tech Companies
Software Development

Testimonial

“Aber CPA has been a trusted partner that has delivered substantial value and tax savings for many years, while sharing their financial business advice. They are also able to understand and successfully respond to Danji’s sales & liquor tax issues.”

Hooni Kim
Owner Chef at Danji

AberCPA has been providing accounting & tax consulting for NYC's hospitality industry for the past 30 years

There is a high probability that your business will be scrutinized and examined by regulators and Scott M. Aber, CPA wants to make sure your business is protected. Our unique cost and financial controls, combined with our ability to operate efficiently with expertise, allow us to offer the following tax and accounting services to all bars, taverns and nightclubs:

Recurring Accounting & Tax services for Bars, Taverns, & Nightclubs

State, Federal and Local Income Tax Planning (1065, 1120, 1120S, etc)
Cash flow Reporting, P&L Income Statement Prep and Balance Sheet Review
Tax Credits – Work Opportunity Tax Credit (WOTC) & Hiring Incentives to Restore Employment (HIRE) Act
Accounting for Losses on Closed Bars, Taverns and Nightclubs
Choosing the Right Entity for Business and Tax Purposes
Accounting for Losses on Closed Bars, Taverns and Nightclubs
State, Federal and Local Sales Tax Planning
Outsourced accounting and bookkeeping

Expertise in

FICA Regulations
IRS Audits and Reviews
UNICAP (Uniform Capitalization) Compliance
Department of Labor Audits and Reviews
Internal Controls Consulting Including Treatment of Meals Provided to Employees
Tip Reporting
Startup costs
Prime cost (cost of goods sold) reporting
QuickBooks Setup And Review
Tracking and adjust cost of goods sold and inventory
Reconciling revenue transactions from POS to financial statements

Outsourced Accounting for bars

A high-level view of our services follows:

Cloud Accounting

Move from legacy back office systems to a full cloud infrastructure, implementing best practice processes, fully integrated into a robust online accounting platform with real-time reporting, providing timely financial reporting.

Automate tasks Increase profits

Automate tedious processes, connects systems and radically streamlines key activities, like invoice processing, sales entry, inventory and purchasing, food cost-tracking, ordering and recipes. Integrate with accounting and POS software.

Weekly Cost of Goods Reporting

We closely monitor your COGS (cost of goods sold) so when the price of goods go up, we can notify you immediately and take action to get your costs back down.

Client portal:

How to use the client portal