Services Hospitality Expertise - We are the Leaders Publications Our International Connections Our Commitment to Effective Client Services How We Can Serve You

We provide a full range of accounting, auditing, tax, and financial planning services in a manner that is most effective for our clients.  To accomplish this efficiency, we assign a team of experts from several departments to each engagement.  Such a multi-disciplined approach assures you that we have a thorough understanding of your operations, an insight into your business environment, as well as specialist knowledge.  Your primary contact is an experienced PKF executive with overall responsibility for our services.

Auditing and Accounting Services

PKF performs a full range of public accounting services.  These include audit examinations of financial statements, compilations, reviews, and periodic and special audits as required by individuals, partnerships, or corporations.

We use the most advanced audit techniques that are complementary to thorough planning and coordination.  The result:  each audit is efficient, cost-effective, and tailored to your specific needs.

At the end of each audit, we present a Management Letter that acts as a guide to more efficient and profitable operations.  This Management Letter is based upon the consideration of your organization's internal control structure, as required by generally accepted auditing standards (GAAP).

We provide a complete auditing and accounting service to meet each client's specific needs.  Through our commitment to innovation, responsiveness and quality, we strive to produce practical recommendations for improving our client's business operations.

Tax Advisory Services

In addition to our income tax preparation service, we provide financial, tax consulting and planning services.  Our tax department assists clients in planning for such matters as reorganizations, acquisitions and spin-offs.  We monitor developments at the Internal Revenue Service (IRS), the Treasury Department, and the Congress, providing clients with timely tax counsel to ensure that opportunities for tax savings are not lost.  We are staffed with professionals qualified to represent clients before the Treasury Department and to deal with revenue agents on their behalf.

Today, management can afford to make very few decisions without considering the related tax consequences.  Decisions to merge or consolidate, buy or sell, form foreign subsidiaries or operate foreign divisions are but a few examples of matters that must be carefully studied.  We regularly assist clients in making the thorough investigations and evaluations of these and other  issues, which provides the only sound basis for such decisions.

We assist you with personal financial planning to ensure that present and future financial goals are realistically achieved.  Subsequently, we can design a workable financial plan which considers every facet of your personal finances, including income and estate tax planning, investment planning, insurance risk analysis, cash-flow management, and retirement planning.

Other Industries Served

While hospitality and not-for-profit organizations comprise a large portion of our business, PKF provides a wide range of services for many industries including manufacturing, retail operations, construction, professional service, transportation, public utilities, and publicly traded companies.

Management Consulting and Advisory Services

Through member firms of PKF Worldwide, experienced management consultants provide a variety of specialized services, including financial feasibility studies, market studies, real estate appraisals and food and beverage studies.  Clients can count on results-oriented professionals to work with them in the operations, management, and finance aspects of their companies.

Our knowledge of and commitment to the Hospitality and Not-for-Profit industries distinguishes us from other accounting firms.  PKF is widely recognized as one of the leading specialists in  Hospitality and Not-for-Profits.  No other firm has as much of its volume or resources dedicated to these two industries.  No other firm, we believe, will bring you staff with the same level of commitment to these industries.  In addition, our expertise stems from our work with key Hospitality industry organizations.  We perform services for the Hotel Council of San Francisco and the Club Managers Memorial Scholarship and Education Foundation of San Francisco and Northern California.

• Northern California Clubs in Town & Country:  An annual statistical survey of club operations in Northern California. Clients and contributing non-client clubs receive special copies, enabling them to compare their own operations with averages for the region.

• Clubs in Town and Country:  An annual statistical analysis containing statistics for nearly 300 private and public clubs in the United States and Canada.

• Federal Taxes and the Private Club:  It is an unfortunate paradox that taxation should be such an important subject to clubs apparently exempt from tax under section 501(c)7.  Attacks on the extent of the exemption seem to be more and more frequent and our technical tax memoranda which are issued whenever the need exists, are designed to keep you abreast of latest developments.

• Tax Scanner:  A monthly newsletter detailing recent tax legislation and advising readers on tax consequences.

• Trends in the Hotel Industry - USA:  An annual statistical study of financial operations for hotels, motels, and resorts, published annually since 1937.  Aggregate results from more than 3,000 properties are included in the latest issue.  See http://www.pkfc.com

• Quarterly Trends in the Hotel Industry - USA:  A quarterly publication of hotel trends in occupancy, room rates and RevPAR for hotels in over 40  major U. S. cities.  PKF's annual forecast of the hotel business is unveiled annually in the mid-year issue. See http://www.pkfc.com

• Monthly Trends in the Hotel Industry - USA:  Rate, occupancy and market mix results for major U.S. cities and regions.  See http://www.pkfc.com

Over the years, the U.S. network of PKF professionals have been instrumental in designing and implementing the Uniform System of Accounts for Clubs, the Uniform System of Accounts for Hotels, and the Uniform System of Accounts for Restaurants, which have become standards in the hospitality industry.  In addition, a number of textbooks on hotel operations have been written and/or edited by members of PKF and are in general use both in academic programs and in institutional applications.

We are a member firm of the International Association of PKF Worldwide.  The Association, formed in 1969, ensures that clients with international locations receive the same high level of quality services under the PKF banner.  Member firms are located in over 250 cities around the globe and are independently owned and operated.

At PKF, client-centered engagement management is neither a theoretical concept nor the latest marketing phrase.  It is the guiding principle we instill in every employee and which underlies all aspects of our professional practice.  Every professional - from the director responsible for the engagement to the staff member assigned to work on it - brings stringent quality control procedures and uncompromising independence and objectivity to each engagement.  More than anything else, our client-centered approach is a resource clients can count on for time-efficient, useful engagements.

Our Commitment to Continuing Professional Education

The directors of PKF are certified public accountants with outstanding expertise and wide-ranging industry specialization.  The majority of our professional staff are licensed CPAs and many have advanced degrees in accountancy and business management.

To ensure that our professional staff maintains the highest level of expertise and a cutting-edge knowledge of client industry needs and requirements, PKF participates in many in-house and outside training programs.  The Firm is a registered sponsor of Continuing Professional Education (CPE) programs with the Boards of Accountancy in the states in which it practices, and we scrupulously monitor staff CPE compliance.

PKF has recently participated in an audit productivity and improvement program conducted by Audit Watch, Inc.  This program enhances our ability to provide new and innovative audit procedures that will increase audit efficiency and result in issuing reports quicker and reduce unnecessary burdens on our clients.

Professional and Our Code of Conduct

Professionalism in the accounting profession means integrity, objectivity and independence.  It also means adhering to professional standards and applicable laws and regulations, demonstrating the will to maintain or improve the quality of our services, and withstanding all pressures to compromise our principles, standards and quality.

For audits particularly, professionalism demands that we understand the public interest and dedicate our efforts to protecting it.  We must do this because we are in the unique position of public trust due to the public interest in audited financial statements.  The public is also interest in how the Firm performs accounting, tax and related services.  Therefore, no client or Firm consideration should interfere with our professional commitment to the public interest.

In keeping within the parameters of professionalism, then, PKF demands integrity, objectivity, competence, and due care from all personnel in conducting our engagements.  We maintain the highest standards of ethical conduct and integrity as mandated by the AICPA and other professional bodies.  Moreover, we require independence in all engagements, where it is mandated by law, regulation, or professional requirement.  Additionally, we make every effort to ensure that personnel assigned to engagements have the professional and specialized knowledge needed to perform their responsibilities, recognizing that managers and other reviewers can complement that knowledge.

PKF has established policies and procedures which we believe ensure that our client receive the best possible service; our engagements are properly planned and executed; our decisions are based on substance, not form; significant matters receive consultation on the practice level, and the public interest is always foremost in our thoughts.

Furthermore, since accounting standards cannot deal with all possible situations, we will always urge our clients to adopt the accounting and reporting policies that we believe are the most appropriate.  We also expect our directors and professionals to identify and resolve all important issues related to an engagement.

As a member of the SEC Practice Section of the AICPA, PKF is required to undergo a triennial review of its professional practice by its peers.  This review ensures that we meet the objectives of the AICPA's quality control standards.  Additionally, each director and every certified member of our professional staff also are individual members of the AICPA and our respective State CPA societies.

Our dedicated professionals in nearly 250 cities around the world stand ready to assist you.  In each office, we provide accounting and tax services of the highest quality.  Our global network of offices allows us to offer worldwide resources and expertise specially tailored to your industry.  Most importantly is our commitment to providing reliable service and thoughtful, yet innovative, advice to each client.  Uniquely equipped to serve you, PKF is around the corner -- and around the world.