No Tax Audit Without Hotel & Hospitality Consulting

The hospitality industry is considered a high-risk sector by tax authorities. Even entrepreneurs who maintain proper accounting and bookkeeping can be subject to a tax audit. In practice, it is common for auditors to question the entire accounting system of a business.

Tax authorities increasingly use specialized software and probabilistic methods to verify the accuracy and plausibility of accounting figures. In this process, reported numbers may sometimes deviate from statistical norms.

Key Focus Areas in Hospitality Audits:

• Revenue manipulation
• Compliance of cash register accounting
• Cost calculation and full financing
• Entrepreneur’s standard of living and withdrawals

A critical part of the audit is the variance analysis: The figures of the audited business are compared with those of a “normal” operation, as defined by auditor benchmarks.

Due to the unique characteristics of each hospitality business and the specialized industry knowledge required, our hotel and hospitality consultants provide targeted support to companies in defending and explaining their figures to auditors.

Immediate Advisory Support

Our consulting is particularly valuable before an auditor’s assessment becomes a risk – or if issues have already arisen (“the problem has already occurred”). With our support, businesses can navigate audits confidently, minimize risks, and ensure compliance with financial regulations.