Taxes Are Inevitable...

Stress from Taxes Is Not

The Largo Group staff has more than 40 years of experience in tax accounting.

It’s our expertise. Let us be your partner in your restaurant.

How It Works

The Largo Group charges a flat monthly fee for restaurant accounting based on the size of your business, the state you live in and your number of employees. Every month, your receive the following restaurant accounting services:

Weekly

  • Restaurant financial analysis including cash flow and the restaurant profit and loss statement
  • Weekly payroll processing
  • Enter daily sales per POS system
  • Post all credit card, cash and A/R activity
  • Reconcile undeposited cash/checks
  • Post bank account activity in QuickBooks on a weekly basis
  • Reconcile all other third-party delivery service activity
  • Review food vendor invoices weekly to ensure all invoices have been properly recorded in the QuickBooks file, and reconcile payments posted to bank account
  • Review bill-payment schedule and cash flow with ownership
  • Send ownership a preliminary weekly summary for each location, with revenue and prime cost trends when applicable
  • Process payroll for all entities and locations, including the entry of new-hire information and processing of all terminations
  • A review of the QuickBooks file, including reconciliation of all bank and credit card statements when needed
  • An updated outstanding checklist, to improve accuracy of outstanding payables total

Monthly

  • Restaurant bookkeeping

  • Account reconciliation
  • Sales tax filing
  • Check-in call for cash flow and trends analysis

Yearly

  • Proactive end-of-year tax planning
  • W-2s for every employee and 1099s if needed
  • Fully-prepared tax returns
  • Tax plan for the new year

Bonus

  • Restaurant coaching that focuses on lowering food and labor costs
  • No billable hours; call us when you have a question and need help
  • No hidden fees or extra costs at tax time
  • Individual tax returns done for lower cost

Why It Matters

Payroll
Hand off payroll and know it’s done. It’s seamless. All you have to do is enter the hours and approve the payroll report we send back.

We handle all new-hire and termination paperwork, too.

Sales Tax Filing
Our sales tax expert provides full support to our restaurant clients and understands the laws in every state. We are so confident in our knowledge, that once we start filing for you, we stand between you and the state in case of an audit.

Your assigned accountant works with you every month, walking you through your financial statements so you can make adjustments on the fly instead of looking back at your year and realizing you lost

Monthly Snapshot
Instead of waiting until April – four months into a new year! – your accountant meets with you monthly to provide you with a snapshot of where your business is at the moment. Review the information that is important to you, get a trend analysis, a cash flow analysis, review your restaurant profit and loss statement, get help with projections and 100% verification of all balances and expenses.

Tax Returns
In addition to giving you the insight to be flexible and make adjustments on a monthly basis, the other goal of the monthly work is to feed into the final tax return. When you work on your books monthly, review your financial statements, make adjustments along the way and plan for your tax obligations throughout the year, there are no surprises. Plus, all your dollars are allotted to benefit the business rather than the government.

CONTACT US TODAY!

The Largo Group team is ready to help you in your business. Our approach to accounting is designed to set you up for success and reduce your stress. PLUS, all new clients receive a free a review of tax returns from the last two years. This $1,000 value evaluation is free to new clients and is likely to uncover a realization of anywhere from $3,000–$10,000.

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