Soluna Bar and Lounge came to us earlier this year looking for a turnkey solution to streamline their back end accounting and tax. The managing member was finding it increasingly difficult to spend time on accounting, payroll, tax, and other related matters- he just didn't have the time.
"I am busy 24/7 just growing the restaurant and managing day to day operations. I simply don't want to manage three different service providers; the bookkeeper, payroll service provider, and the tax accountant on top of the day to day." - Rene Denis, managing member of Soluna Bar and Lounge.
We hear this sentiment quite often. We provided them with our turnkey accounting solution which gave them a greater level of service and actually ended up saving them money. Rene and the GM while maintaining full control and authority over their accounting and finance, now have a capable team at CAC to help run their business.
What we did for Soluna Bar and Lounge*:
- We took over the accounting. We set them up on our client portal with folders for accounting, payroll, tax, and other matters. With a user id and password, these folders are accessible from anywhere there is web access. Soluna's general manager uploads everything from daily invoices and payables to tax notices. We handled the rest.
- We took over the payroll. Our payroll services are the latest in technology. The GM prints a report from the POS system, uploads the information, we handle the rest. More so, each employee has their own account with a user id and password, they can view their paystub and year to date information anytime from anywhere. Payroll is now paperless.
- We took over the LLC tax reporting and compliance. We handle LLC tax issues and provide consultation throughout the year as requested by Soluna.
- We provide best management practices. We know restaurants. We have benchmarks. We know best practices. We can help.
Rene and the GM at Soluna now have a qualified team at CAC. Chris Stanley manages all aspects of the account with the oversight of Jay R Shah, CPA. "Its a lot easier to pick up the phone or send an email to someone that knows how to get things done." - Rene
Go visit Soluna Bar and Lounge, ask for Rene, the first drink is on us !
If you would like us to take a look at your operations, please contact Jay at jay@CalAccounting.com.
* These are general descriptions of the service provided to Soluna Bar and Lounge. Actual services may vary and are governed by a written contract and may change over the course of the relationship. CAC is an advisor to the management of the company and provides advice upon request. CAC does not have any authority to act on behalf of the management.
