At Laney Boteler and Killinger, we possess knowledge of many difference industries and we have a diverse range of clients that we serve. There are some industries in which we have accumulated an exceptional depth of knowledge and expertise. The following is a brief summary of these industries:
Senior Living Industry
At Laney, Boteler and Killinger, we have several professionals with extensive knowledge in the Senior Living industry. In particular, we know how to provide a full range of tax and accounting services that are beneficial to continuing care retirement communities (CCRC’s), nursing homes, assisted living and retirement communities. Our professionals have invested years building knowledge regarding industry specific tax and accounting issues such as accounting for lifetime lease fees, third party reimbursements, revenue structure optimization, senior living industry regulation, and financing alternatives.
Restaurant Industry
At Laney, Boteler and Killinger, we have several professionals with extensive knowledge in the Restaurant industry. Our clients include several Atlanta area restaurant franchises. Whether your company operates in the casual dining, fine dining or quick serve categories, we can help. We have several professionals available to assist your company with both tax and accounting issues. We are familiar with several aspects that pertain specifically to the restaurant industry to include decisions regarding cash vs. accrual accounting decisions for your restaurant operations, accounting software selection, expense analysis, tip reporting, gift card accounting issues, employee vs. independent contractor classification issues, budgeting, financing alternatives.
Social and Business Clubs
At Laney, Boteler and Killinger, we have several professionals with extensive knowledge in working with both Social and Business Clubs. Whether your Club operates as a for-profit venture or non-profit organization we can help. We have extensive knowledge in tax and accounting issues that related specifically to both business and social clubs to include non-member use of club assets, treatment of member fees, capital expansion/project assistance, expense analysis and financing alternatives.
Construction industry
At Laney, Boteler and Killinger, we have several professionals with extensive knowledge in the Construction industry. Whether you are a general contractor of a sub-contractor, we have accumulated many years of experience assisting companies that operate within this industry. Specifically, we can help from both tax and accounting aspects to include helping you meet a reporting requirement as set forth in your bonding activities, cost allocations to specific contracts, or labor classification issues, choosing an appropriate method of accounting for your construction contracts whether it be percentage of completion, completed contract or other methods,.
Lodging industry
At Laney, Boteler and Killinger, we have several professionals with extensive knowledge in the Lodging industry. Our professionals have dedicated many years providing both tax and accounting services to the lodging industry. Whether your company operates a motel or a full service hotel, we have the expertise to provide a full range of tax and accounting services to this industry. We are familiar with accounting issues that are specific to this industry to include both front office and back office accounting issues as well as expense analysis and financing alternatives.
Governmental and Single-Audit Requirements
At Laney, Boteler and Killinger, we have several professionals with extensive knowledge in working with local municipal agencies or organizations that are subject to single audit requirements. If your organization receives grants from the Federal government, your organization may be required to undergo a financial statement audit by an independent CPA. In general this reporting requirement goes beyond the traditional financial statement audit that you may be familiar with to include specific reporting to the Federal government on the receipt and disbursement of the grant money. We can assist your organization with this audit requirement as well as other accounting and tax issues your organization may be dealing with.
Laney, Boteler & Killinger is a member of the Governmental Audit Quality Center. The Center, sponsored by the American Institute of CPA’s, is designed to help CPAs better meet the challenges of performing quality governmental audits and its primary purpose is to promote the importance of quality governmental audits and the value of such audits to purchases of governmental audit services.
Retirement plan audits
In general, if your company’s retirement plan, such as a 401(k) plan, reaches a point in which it has 100 or more participants in the plan in any given year, you may be required to have the plan audited by an independent CPA. At Laney, Boteler and Killinger, we have several professionals that possess the knowledge to audit your retirement plan. We can perform both a full scope and limited scope audit of your retirement plan.
Laney, Boteler & Killinger is a member of the Employee Benefit Plan Audit Quality Center. The Center, sponsored by the American Institute of CPA’s, is designed to help CPAs better meet the challenges of performing quality ERISA employee retirement plan audits and its primary purpose is to promote the importance of quality ERISA employee retirement plan audits and the value of such audits to purchases of ERISA employee retirement plan audit services.
Franchise
If you are a franchisor, you may be aware of a requirement by the Federal Trade Commission (FTC) that, after an initial period of time, your franchise operations should be audited by an independent CPA. This audit report is generally included as an exhibit in your Franchise Disclosure Documents (FDD), and filed annually. At Laney, Boteler and Killinger, we have several professionals with extensive knowledge geared specifically toward meeting this FTC requirement. Our professionals have dedicated many years providing both tax and accounting services to various franchisors. We are knowledgeable regarding specific tax and accounting issues that are common to most franchisors, to include accounting for advance deposits received from franchisees and other revenue recognition issues that related to development fees, franchise fees, royalty and license fees
Non-Profit Industry
At Laney, Boteler and Killinger, we have several professionals with extensive knowledge in working with various non-profit organizations. Our professionals have dedicated many years providing both tax and accounting services to non-profits. We are familiar with specific tax and accounting issues such as the application of Statement of Financial Accounting Standards No. 117 to your organization, accounting for promises to give and other support issues, unrelated business income tax issues, Form 990 preparation and a host of other specific issues.
