Hospitality Tax Services in Dallas, TX
H&M Tax Group delivers specialized hospitality tax services in Dallas, helping restaurants, hotels, and bars manage payroll, tip reporting, sales tax, franchise tax, and IRS audits with compliance and cost-saving strategies.
Hospitality Tax Services in Dallas
Running a hotel or a restaurant is exciting until you have to manage payroll, navigate ever-changing tax rules, and compliance responsibilities. Behind every night out and hotel stay lies a complex network of taxes that you need to figure out. From tip reporting to managing sales tax and multi-state taxes, hospitality finances are challenging to handle.
At H&M Tax Group, we put our years of expertise to work to provide you with reliable restaurant accounting and tax services. We help hotels, bars, restaurants, catering, and franchises reduce their tax burden, minimize their tax liability, and keep most of their income. Having a professional Dallas restaurant CPA by your side means you will have a financial advisor who knows your industry inside out and will help you stay IRS compliant.
Areas of Expertise
- Independent restaurants and cafes
- Hotel chains
- Bars, lounges, and breweries
- Texas Franchise owners
- Multi-state hospitality groups
Our Comprehensive Hospitality Tax Services
1. Hassle-Free Sales Tax Compliance
Sales tax is one of the trickiest aspects of restaurant and hotel businesses. Our professional CPAs will:
- Calculate, collect, and report sales tax accurately and timely.
- For multi-state businesses, we ensure each outlet is compliant with state tax rules.
- File your tax returns timely to reduce the risk of delays and penalties.
- Perform periodic tax reviews to identify and correct any errors before they result in a hefty penalty.
You run your business, and we will keep you compliant with all tax rules so you never overpay taxes.
2. Payroll Management & Tip Reporting
Failing to report employee tips or delaying the reporting process often leads to IRS audits. Our tax consultants will handle it all by:
- Tracking and reporting employee tips to the IRS to meet their requirements and also the standards of the Department of Labor.
- Our payroll services cater to hourly, seasonal, and tipped staff.
- Managing W-2s, 1099s, and all other tax withholdings so your employees don’t have to face IRS challenges.
H&M Tax Group offers payroll systems designed to reduce administrative stress and improve labor pay management.
3. Reduce the Texas Franchise Tax
If you operate your hotel or restaurant business in multiple states, you are required to pay franchise tax. How can we help?
- We accurately calculate the franchise tax.
- Our team will make financial strategies to reduce your tax burden legally.
- In case your filings or tax returns are questioned, we are here to back you with a strong defense and complete financial documentation.
By staying in compliance with franchise tax rules and minimising tax liability, you can reinvest your money back into the business.
4. Maximize Deductions with Timely Tax Returns
Our team of certified tax consultants in Dallas works closely with you for tax preparation. To reduce tax liability and ensure timely tax returns, we:
- Identify deductions that you qualify for, such as employee benefits, uniforms, or food costs.
- Calculate accurate tax credits to minimize taxable income.
- Prepare federal and state tax returns to stay IRS compliant.
- File your returns before the time to avoid penalties or delays.
With a professional CPA assistant, you will have error-free filing, accurate numbers, and no stress of IRS notices. Moreover, we provide year-round guidance to keep your finances on track.
5. Full IRS Representation to Protect Your Businesses
IRS audits can make you feel stressed if you are unprepared. If something like this happens, you begin searching for “restaurant accountant near me.” With H&M Tax Group, we catch the errors early before they become a liability for your business.
However, even if the IRS audits you, we are the ones talking and handling all the paperwork. We come prepared with all the financial records, bank statements, and everything the IRS asks for.
Take the Stress out of Restaurant Accounting and tax
Hotel and restaurant businesses often face more challenges with increasing IRS requirements, such as:
- Tracking and reporting the tips of employees
- Sales tax rules for food and beverages are constantly changing.
- Complex payroll structure for hourly or seasonal staff.
- If your business is located in more than one state, you need to pay tax according to the specific state tax rules and stay in compliance with the IRS.
There is a huge risk of penalties even if one report is missing or incorrect. With H&M Tax Group by your side, you don’t need to stress yourself. Our certified hotel business tax consultants provide streamlined tax solutions to help you stay compliant so your business thrives.
Let's Simplify Your Restaurant Accounting!
You have worked hard in growing your business; let us handle your finances and navigate tax challenges. With our restaurant accounting services, you will have clarity and confidence that professional help is by your side, no matter how complex the tax situation is.
Schedule your consultation today to see how we can benefit your hospitality business.
