Since 1984, our CPA team has enjoyed working collaboratively within the hospitality industry, the lifeblood of our economy. Our extensive accounting, tax and advisory experience covers everything from fine dining, single location establishments, quick-service restaurants, and restaurant groups, to franchises, bar/pubs, food trucks, cafes, bakeries, caterers, breweries, brewpubs and distilleries. We pride ourselves on providing hospitality clients with a proactive approach that helps them best manage their operations and improve their bottom line.

Our restaurant benchmarking and industry tools help owners formulate sound budgets and insightful data to help maximize cash flow. We have worked with many start‐up restaurants to help them formulate business plans, budget for build‐out, and ultimately set‐up proper accounting controls to maintain profitable operations. Often we assist our restaurant clients with setting up management companies, key management incentive plans, retirement plans, estate and succession plans, etc.

Some of the restaurants, bars, and brewery services we provide our clients include…

  • Guidance to streamline monthly reporting procedures, internal control review/recommendations
  • QuickBooks set-up, monthly procedure/internal control recommendations and periodic oversight
  • Benchmarking and industry tools to help you manage and better gauge profitability and budgeting
  • FICA tip reporting and compliance
  • Benchmarking and application of key analytics to internal restaurant financial statements
  • Attestation – compilations, reviews, and audits along with consolidated group reporting
  • R&D tax consulting and study reports for the hospitality industry
  • Tax structuring and working with your legal team to best structure the restaurant group (e.g. utilizing a management company etc.)
  • Depreciation Opportunities (i.e. qualified restaurant property, qualified leasehold improvements)
  • Tax projections and personal income tax planning for restaurant owners
  • Assistance with acquisitions or exit strategies, due diligence support and valuation expertise within the hospitality arena
  • Cost segregation resources to maximize depreciation deductions
“I feel that between Newburg and my business, we have a great working relationship which has produced responsive and thorough planning and certainly timely tax filings, something that has not waivered since we choose them nearly 15 years ago. Their expertise in the restaurant industry has been valuable for my company for many items such as compliance, industry benchmarking and tax planning.”
Steve Slesar, Noon Hill Partners, LLC
“While running 3 bar/restaurant locations and constantly thinking of new creative food and drink menu items, it’s good to know that our accounting and tax compliance are in good hands. We have worked with the Newburg team for over 10yrs and they have been an integral part of our financial and advisory team. As restaurant owners, it gives us peace of mind to know that the folks at Newburg are there for us to help navigate this ever-changing environment. Having accounting and tax specialists in this industry is so important. We appreciate the value add they bring to the table.”
Aaron Sanders and Max Toste, Deep Ellum in Allston, Lone Star Taco Bar in Allston & Cambridge
“Newburg CPA has provided exceptional accounting, tax and management advisory services since we commenced our relationship some 15 plus years ago. They were integral advisors assisting with the sale of the Vinny Testa’s chain of Italian restaurants, back in 2002. In addition, they have provided beneficial advisory along with accounting and tax planning with my subsequent acquisitions; Mission Oak Grill in Newburyport, Rosebud Diner in Davis Sq. Somerville, Mission on the Bay in Swampscott, and Burro Bar in Brookline. Newburg CPA are specialists in this industry and continuously provide me with the current updates on tax issues that impact my operations. Their restaurant benchmarking and industry tools help our team formulate sound budgets and insightful data to maximize cash flow and streamline operations.”
Marty Bloom, Mission on the Bay

Accounting and advisory services that add value and build trust.

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