Ask About Our Hospitality & Food Service Tax Planning in New Jersey, New York and Beyond
Restaurants, catering companies, cafes, food distributors, and hospitality groups operate in one of the most challenging industries—thin margins, high turnover, inventory management, and tip reporting all demand precise financial oversight. You need advisory services that understand the daily realities of food service operations.
Navesink Tax & Advisory LLC proudly supports clients across restaurants, catering companies, cafes, food distributors, and hospitality groups.
From tracking cash and card sales to managing payroll for tipped employees and seasonal staff, we provide the tax planning and compliance support that keeps your operation running smoothly year round, even during the busiest summer season and quieter winter months.
Call us today to schedule Hospitality & Food Services tax advisory.
How Does Hospitality & Food Services Tax Advisory Work?
We begin by reviewing your sales records, cost of goods sold, vendor contracts, and employee compensation structures to ensure accurate reporting and identify deduction opportunities often missed in fast paced food service environments. We examine tip pooling arrangements, credit card processing fees, food waste, and equipment depreciation to maximize your tax position.
During our engagement, you can expect proactive guidance on quarterly estimated tax payments, sales tax compliance, liquor license fees, and health permit costs. Navesink Tax & Advisory LLC works with you to structure payroll efficiently, whether you employ line cooks, servers, delivery drivers, or event staff.
For catering companies, we help track event specific costs and revenue, while distributors benefit from our expertise in inventory accounting methods (FIFO vs. LIFO) and freight expense optimization. We also support hospitality groups managing multiple locations with consolidated reporting and inter-location transfer tracking.
Book your consultation today for professional Hospitality & Food Services tax advisory.
Our experience with the food and hospitality sector means we understand the seasonal traffic patterns, local supplier networks, and customer expectations that drive your revenue and influence your cost structure.
What Makes Us Different
How do we ensure quality?
We perform monthly or quarterly reconciliations to catch discrepancies early, avoiding year end surprises and ensuring your books accurately reflect your operations.
Why experience matters?
Seasonal demand patterns can bring peak periods and slower stretches—we build cash flow strategies that help you manage the lean months and maximize the busy seasons.
What's our approach?
We simplify complex tip reporting, payroll tax filings, and sales tax obligations so you spend less time on paperwork and more time serving customers and managing your team.
How do we serve restaurants specifically?
We track labor cost percentages, food cost ratios, and breakage/waste to give you real time insight into profitability, not just tax obligations.
What sets our service apart?
We help you plan for equipment purchases, lease negotiations, and expansion opportunities with tax strategies that preserve capital and support growth.
You'll gain a trusted partner who understands the pace and pressures of the food service world and delivers financial clarity when you need it most. Contact us today to schedule Hospitality & Food Services advisory.