Client Profile
| Annual Revenue: | $455 million | | Industry: | Hospitality & Entertainment | | Entity Type: | Public | | Footprint: | National | |
Issue
A restaurant chain with locations across the country was spending significant internal resources on compiling sale and use tax returns and food and beverage returns. The restaurant needed additional capacity to focus on to tax collections, location registrations, researching of taxability issues and franchisee needs.
Solution
CBIZ supports the restaurant chain’s internal tax department by assisting with the monthly returns. Our state and local tax team files and remits payments for roughly 180 to 220 state and local tax returns as well as food and beverage tax returns each month. We also provide analysis of the sales we are reporting to proactively identify when a possible rate issue exists. This provides the restaurant chain additional opportunities to manage compliance concerns before they become larger issues. Our analysis also helps prevent erroneous sales and use tax payments.
Outcome
The assistance we provide frees up valuable internal resources and reduces compliance risks from late or incorrect monthly returns. As the restaurant chain’s needs evolve, we are there to assist, taking on additional returns and meeting their deadlines.
Timely, Efficient Expertise
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CBIZ MHM is the brand name for CBIZ MHM, LLC, a national professional services company providing tax, financial advisory and consulting services to individuals, tax-exempt organizations and a wide range of publicly-traded and privately-held companies. CBIZ MHM, LLC is a fully owned subsidiary of CBIZ, Inc. (NYSE: CBZ).