Automobile & Truck Dealerships

Our dedicated team serves the unique needs of small- to medium-sized, privately-held automobile and truck dealerships.

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Auto Dealership

Professional Services

We have the experience and expertise needed to help address many of the operational and financial challenges faced by professional service firms. We also partner with attorneys to provide a range of value added services designed to help them serve their clients.

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Professional Services

Manufacturing & Distribution

We assist a broad range of manufacturing and distribution entities with their unique financial requirements. We maintain the highest quality standards in our compliance work and focus on bottom line results, strategic planning, and asset protection.

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Manufacturing & Distribution

International Services

Our team of international consultants, tax professionals, and accountants have helped clients from over 30 countries expand into the US. We have also helped numerous US businesses expand outside our borders.

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International Services
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Tax Planning & Consulting, State & Local Tax, Estates, Gifts, and Trusts, and more...

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Audits, Reviews, Compilations, Bookkeeping & Payroll, and more...

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Business Advisory Services, Mergers & Acquistions, Commercial Lease Negotiation, and more...

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Learn More about Michael Silver & Company CPA's business valuation services.

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Hospitality & Restaurants

Hospitality & Restaurants

Even a casual observation of the "comings & goings" of both local and trendy neighborhood restaurants proves that this industry is one of the riskiest to enter and remain successful. 

Restaurateurs face a complete spectrum of business challenges, very similar to a manufacturer and a service provider.   These challenges include marketing; production and cost control; management of spoilage and pilferage; preventing embezzlement; and ensuring customer satisfaction, all of which can make it difficult to run a profitable establishment. 

Our firm's Hospitality and Restaurant team has years of experience advising and consulting on a broad range of these specific issues.   Michael Silver & Company CPAs provides the full range of accounting & audit, tax, and consulting services to restaurant and beverage establishments, including:

  • Pre-acquisition/start-up consulting
  • Cost segregation studies to maximize depreciation deductions for acquired and constructed facilities
  • Menu pricing models
  • Volume and profit analysis
  • Inventory/cost/employee theft controls
  • FICA tip credit optimization
  • Tip reporting compliance
  • Management profitability/gross margin analyses
  • Restaurant/liquor industry state and local sales & amusement tax reporting
  • Employee benefits, requirements and planning
  • Financial reporting for third parties
  • Income tax compliance
Eric Larson

Eric Larson, CPA — Partner

Eric's career has spanned several decades in public accounting, private industry, and as an owner/operator of several food industry businesses. He owned and operated a continental restaurant and night club in Chicago with partners, both of which earned notoriety and critical acclaim and participated as a vendor in the Taste of Chicago. After leaving the restaurant business, Eric continued his involvement with the Taste for several years, this time as part of event management, running the ticket sales and cash collections operations.

Eric and his partners also acquired two wholesale distributors to the food industry, which they merged, grew and later sold. As a CPA, his food industry experience has helped him in representing numerous restaurants and restaurant associations, providing traditional accounting and tax services, as well as profit/cost and menu pricing consulting, internal control reviews, and forensic reconstructions of income for litigation support projects.

Please contact us via email, or call Eric Larson at 847-213-2108 to discuss how to benefit from our services.