MGO CPA

Solution Category: Industry

Hospitality

Experienced accounting and consulting professionals at your service

In the competitive hospitality sector, working with a seasoned accounting and consulting firm can transform your business. Our team can help you enhance your revenue streams and keep your expenses in check, fostering robust financial health.  

From hotels to restaurants (fast food to fine dining) and everything in between, we offer customized solutions to help your hospitality company maximize margins in areas such as inventory management and staffing. Our experienced professionals make navigating the complexities of tax benefits less daunting, while also helping you identify and mitigate potential risks from market volatility or regulatory changes. 

For businesses considering expansion, our consulting services provide comprehensive support throughout the transaction — offering due diligence and integration strategies to position you for success. 

Scalable resources to help you serve

Outsourced Accounting
  • Accounting services 
  • Accounting system setup 
  • Credit card processing 
  • Financial reporting 
  • Tax credits & incentives 
  • General ledger & payroll management 
  • Monthly reconciliations 
  • Transaction processing 
Outsourced Staffing, Controller, & CFO Services
  • Best practice implementation 
  • Budgeting & forecasting for strategic planning  
  • Cash management & forecasting  
  • Consolidation, external, & board reporting 
  • Financial guidance & leadership  
  • Interim controllership services 
Audit and M&A Preparation
  • Audit readiness and support 
  • Accounting standard implementation 
  • Operational business changes 
  • Public financial statement preparation 
  • Support for acquisitions, integrations, & reporting 
  • Specialized accounting and reporting needs 
Internal Controls Assessment & Implementation
  • Internal controls, policies & processes 
  • Entity-wide risk assessment 
  • Gap analysis 
  • Special project management 

Solutions Built for You

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Tax Services

Keeping up with tax obligations isn’t just an onerous inevitability, it is an opportunity to gain competitive advantage and shape the path to the life you deserve. We leverage insight from leaders in key tax specialties to deliver practical and nuanced guidance to help you achieve your personal and professional goals.

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State and Local Tax

With varying regulations in every market, reduce exposure and maximize your opportunities to save.

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Tax Credits and Incentives

Put your profits back where they belong: driving expansion and innovation for your organization. With experienced guidance credits and incentives can be a powerful tool for fueling your growth.

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Private Client Services

You deserve an approach to financial planning that aligns with your values and is focused on one objective: accomplishing your goals. With seasoned guidance, you can harness, integrate, and align the various elements of your financial world so you can enjoy the life you’ve worked so hard to achieve.

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Internal Audit, Risk, and Compliance

Improve the effectiveness of controls, risk management, and governance practices to attain superior performance management enterprise risks. Our solutions are powered by accounting best practices. We support compliance with a multitude of standards, including AICPA, Yellow Book and GASB.

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Transaction Advisory

Whether you’re buying or selling, you need to capitalize on every opportunity to maximize your return. With our support you can manage risk and uncover opportunities through every stage of the deal.

Entertainment, Sports, and Media

Bespoke Financial Planning for Entertainers, Creators and Professional Athletes

MORE MONEY … MORE OPPORTUNITY

Whether on the court, in the studio, or on the big screen, all eyes are on you as you build a career leveraging your unique talents. The convergence of digital technologies is revolutionizing the way content is being created, distributed, and monetized. You need to work hard to stay at the forefront, seizing opportunity to put your name in the lights … and avoid risks that could undo all your hard work.

As your financial world gets more complicated, we are here to break it all down so you can make the important decisions without getting bogged down in the details. With trusted guidance, we’ll help you build a financial foundation that provides opportunities now and long into the future.

Unified Approach to Your Financial World

Now is the time to maximize the impact of your success. Our holistic approach is designed to align all the elements of your financial life under a single plan. Working closely with your entire team of advisors, we coordinate and optimize efforts so we are all focused on achieving your goals.

Business Management

Budgeting, Planning, and Cash Management

  • Bill Pay and Cash Flow Management
  • Budgeting and Projections
  • Expense Payment
  • Cash Flow Analysis
  • W-2 and 1099 Preparation
  • Payroll Administration
  • Entity Structuring
  • Coaching, Planning, and Tracking
  • Personal CFO Services
Specialty Consulting Services

Brand Licensing, Publishing, and Royalty Consulting

  • Licensing, Royalty, and Publishing Accounting and Deal Structuring
  • Royalty Audits
  • Specialty Tax and Incentives (IP, R&D, Capital Gains Tax, Transfer Pricing)
  • Digital Asset Accounting

Name, Image and Likeness (NIL) Planning

  • Financial Structuring of Contracts and Endorsement Deals
  • Tax Requirements
  • Loan Out Company Structuring
  • Attorney Liaison on Deal Points

Touring and Performing (including International)

  • Tour Budgeting, Planning, and Analysis
  • Tour Accounting
  • Payroll and Payouts
  • Currency Optimization
  • Insurance and Risk Management Planning
  • State, Local, and International Tax Planning
  • Financial Management of Vendors

Catalogue Consulting

  • Deal Structuring and Guidance (Leasing, Masters, Digital, etc.)
  • Selling and Tax Mitigation (Capital Gains)
  • Securitization of Catalogue

Film, TV, Streaming, and Media Production

  • Budgeting and Analysis
  • Payroll and 1099s
  • Production Accounting and Tax
  • Specialty Deduction and Credits
Tax Planning and Structuring

Individual Tax Compliance and Planning

  • Income Tax Preparation (including Estimates)
  • Multi-State Tax Compliance
  • Investment Income Reporting
  • Tax Credits and Deductions
  • Entity Structuring
  • Tax Strategies for Business Ownership
  • Review and Tax Strategies for Salaries, Winnings, and Performance Fees
  • International Tax Planning
  • Estate Tax Planning

IRS Representation

  • Tax Attorney Representation and Testimony
  • Offers-in-Compromise
  • Settlement Negotiation
  • Tax Controversy Support
Financial Lifestyle Design

Bespoke Family Office Solutions

  • Wealth Advisor Selection and Integration
  • Investment Analysis and Management
  • Estate, Trust, and Retirement Planning
  • Trust Will and Power of Attorney Reviews
  • Philanthropic Planning

Insurance Consulting and Risk Management

  • Risk Analysis and Insurance Assessment
  • Life, Disability, and Long-term Care Insurance Planning
  • Business Insurance

Major Asset Purchases and Experience Planning

  • Vehicles
  • Real Estate
  • Art and Luxury Goods
  • Concierge Network

Entertainment, Sports, and Media Playbook

You’ve worked tirelessly to fuel your success. Now your focus is on growing your wealth, leveraging your position, and securing a legacy you can be proud of. We’re here to simplify your financial life and deliver the attention and care you deserve.

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The Athlete’s Financial Handbook

A clear, athlete‑first guide to managing money with confidence on the field and long after you leave it.

Guidance where you need it, when you need it.

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Industry leaders ready to serve you

As you grow, you face complex risks and opportunities. Benefit from hands-on guidance focused on delivering top-to-bottom value for you and your organization.

Solutions Built for You

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Business Management

For more than four decades, we have worked with entertainers, athletes, and creatives. Our job is simple: streamline your financial world, protect your success, and position you to build lasting wealth and a legacy you can be proud of.

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State and Local Tax

With varying regulations in every market, reduce exposure and maximize your opportunities to save.

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International Tax

Conduct business across borders with confidence you’re limiting risk and maximizing returns.

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Closely Held Companies

Simplify your financial landscape with tailored tax guidance that helps you protect what you have built and plan for a prosperous future.

Cannabis

Your Obstacles Are No Match for Our Solutions

STABILITY IN A BRAVE NEW WORLD

As a cannabis business leader, you understand there is more at stake than numbers underlined in red or black. You’re the vanguard of a paradigm shift that sees equal value in justice, transparency, and genuine connection to the culture.

There is no room for error in this competitive and heavily regulated marketplace. We are here to guide you into the next era of growth with a combination of accounting and financial precision, and an understanding of the human side of organizations risking it all to be pioneers in an emerging sector.

We support clients throughout the cannabis value chain with IRC 280E tax planning, audit services, accounting support, and everything else an operator needs to grow. Whether you’re just getting started, or looking to expand your presence, we’ll help align financials, operations, and social impact toward one singular goal: building an organization that thrives.

We serve
400+

cannabis, hemp, CBD and ancillary clients

All verticals

including cultivators, retailers, distributors, manufacturers, and ancillary companies

Legal markets

throughout the U.S. and select global markets

Solutions for Every Stage of the Cannabis Lifecycle

Launch and Grow

Accounting Structure Design

  • Chart of Accounts, controls and reporting 
  • Inventory accounting 
  • Financial reporting

Cannabis Tax Compliance 

  • Entity structure assessment 
  • Sales and excise tax payments 
  • 280E mitigation strategies

Operational Guidance 

  • Introductions to resources 
  • Help obtaining banking services 
  • Cash handling procedures and controls 
  • Temporary staffing 
Build Value

Raising Capital

  • Due diligence preparation 
  • Financial statement audit 
  • Monthly reporting 
  • Revenue / EBITDA optimization 
  • Quality of Earnings (QoE) reports

Advanced Tax Planning

  • Partnership allocations 
  • Indirect tax support 
  • Exemptions and deductions 
  • Revenue recognition 
  • Transfer pricing 
  • International tax support 
  • State and local tax guidance 
  • IRS audit preparation and defense 
Transaction Support

Public Company Services

  • IPO readiness 
  • Financial statement audit 
  • Technical accounting 
  • Internal audit 
  • ESG advisory

M&A Support

  • Due diligence 
  • Valuation services 
  • Integration support 
  • Tax impact analysis 
  • Entity restructuring 
  • Report for foreign investors 

6th Annual
Impact Review

Cannabis 50

The Cannabis 50 is our annual list of individuals, organizations, entertainers, and others who made a positive impact on the cannabis industry in the past year.

This year’s honorees include Movers and Shakers like Good Day Farm and Wyld, Culture Shapers like Belushi’s Farm and Death Row Cannabis, and Up-and-Comers like Happy Munkey and Pure Beauty.

See our full list.

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Cannabis-50_impact-review_6th-annual

Cannabis Playbook:
Your Next Phase of Growth

MGO was one of the first national accounting firms to develop and provide targeted accounting, audit, tax, and consulting services to the cannabis and hemp industries. We have helped numerous cannabis companies with their go-public and liquidity transactions. Today, we provide industry-leading experience and a suite of solutions to help operators, regulators, institutional investors, and brands navigate the complexities of the cannabis and hemp industries.

Download now

Cannabis leaders ready to serve you

As you grow, you face complex risks and opportunities. Benefit from hands-on guidance focused on delivering top-to-bottom value for you and your organization.

Solutions Built for You

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Private Company Audit

Deliver stakeholder confidence and identify opportunities to improve with an audit approach tailored to your needs.

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Transaction Advisory

Whether you’re buying or selling, you need to capitalize on every opportunity to maximize your return. With our support you can manage risk and uncover opportunities through every stage of the deal.

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State and Local Tax

With varying regulations in every market, reduce exposure and maximize your opportunities to save.

Breweries, Distilleries, and Craft Cocktail Producers

Empowering Your Craft Beverage Business 

In the dynamic world of breweries, distilleries, and craft cocktail production, your business stands at the forefront of innovation and consumer demand for unique, authentic experiences. As you navigate the complexities of market trends, regulatory requirements, and strategic financial management, the importance of a supportive and knowledgeable advisor cannot be overstated.  

At MGO, we understand the unique challenges you face and offer tailored accounting, tax, and advisory services to enhance your operational efficiency and profitability. Your dedication to crafting exceptional beverages is matched by our commitment to empowering your success through comprehensive financial and strategic guidance. 

With a deep appreciation for the art and science behind your craft, our team is equipped to help you optimize your financial strategies, explore new market opportunities, and adhere to industry regulations. Together, we can build a strong, sustainable future for your beverage business, turning challenges into opportunities for growth and success. 

Optimize your financial strategies

Navigating the Complex Landscape

The craft beer market continues to evolve, with over 9,000 breweries making significant contributions to local, national, and international economies. The distilled spirits sector has also demonstrated resilience and innovation, leading to a vibrant market filled with diverse products. Our team is here to help you navigate the complexities of industry regulations, promoting compliance while optimizing your financial strategies. Should a US based entity export or a foreign based company import the complexities only multiply.

Strategic Financial Planning

Understanding the nuances of your industry is crucial for effective financial management. From managing production costs to optimizing supply chain efficiencies, our team offers strategic advice tailored to your unique needs. Whether you are a small batch distillery or a rapidly growing craft brewery, we provide the financial insights and tools necessary to keep your operations robust and profitable.

Market Expansion and Product Innovation

As consumer preferences grow toward unique flavors and experiences, it is crucial for you to identify market opportunities, adapt to demands, and expand product lines. MGO offers extensive support for businesses seeking research and development (R&D) tax credits through thorough eligibility assessments, optimized documentation, and strategic advice to maximize financial benefits from innovation incentives.

Operational Excellence

Efficiency is critical in your industry. We offer guidance on everything from cost-effective production practices to sustainable sourcing, helping you achieve operational excellence. Our aim is to enhance your profitability while maintaining the high quality that your customers expect.

Leaders ready to serve you

As you grow, you face complex risks and opportunities. Benefit from hands-on guidance focused on delivering top-to-bottom value for you and your organization.

Related Solutions

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Consulting

Take control of your organization’s future with a comprehensive suite of advisory services designed to meet your unique needs.

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Private Company Audit

Deliver stakeholder confidence and identify opportunities to improve with an audit approach tailored to your needs.

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Tax Credits and Incentives

Put your profits back where they belong: driving expansion and innovation for your organization. With experienced guidance credits and incentives can be a powerful tool for fueling your growth.

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R&D Tax Credits

Power innovation by reducing tax liability through state and federal R&D credits.

Related Industries

See all Industries
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Vineyards and Wineries

Empower your vineyard or winery with MGO’s financial strategies. Enhance growth, reduce tax liabilities, and secure your legacy with our guidance.

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Manufacturing and Distribution

The manufacturing and distribution industry is marked by its dynamic complexity and evolving opportunities. Achieving strategic growth requires you to take a comprehensive approach. MGO offers tailored solutions through cross-functional teams to help you navigate the issues of today and position your company for success tomorrow.

Biotech and Life Sciences

Solutions for the rhythms of life

Accelerate into the future

At the crossroads of ancient knowledge and technological innovation, you engage your competition in a race for hidden potential that could change the course of history.

While you work to better humankind, we’re in the background managing financial constraints and regulatory burdens. We ‘cross the t’s’ and ‘dot the i’s’ so you’re free to discover solutions to bigger problems.

We serve
100+

Biotech and Life Sciences companies in the U.S. and across the world

Every lifecycle stage

including start-ups/first venture round, growth and innovation, and M&A/IPO

Every sector

including pharmaceuticals, biomedical technology, medical devices, nutraceuticals, CRO/CMO, and more!

Solutions for Every Stage of the Biotech Lifecycle

Launch and Grow

Accounting Structure Design

  • Chart of Accounts, controls and reporting
  • Outsourced accounting
  • Financial statement audit
  • Financial reporting
  • 409A valuation

Corporate Tax

  • Tax compliance
  • Tax planning
  • Tax structuring
  • Entity structure assessment
  • Sales and excise tax payments

Tax Credits and Incentives

  • Energy Tax Credit
  • R&D Tax Credits
  • Orphan Drug Tax Credit
  • Work Opportunity Tax Credit
Build Value

Raising Capital

  • Due diligence preparation
  • Financial statement audit
  • Monthly reporting
  • Revenue / EBITDA optimization
  • Quality of Earnings (QoE) reports

Advanced Tax Planning

  • IRS audit preparation and defense
  • Partnership allocations
  • Indirect tax support
  • Exemptions and deductions
  • Revenue recognition
  • Transfer pricing
  • International tax support
  • State and local tax guidance
Transaction Support

Public Company Services

  • IPO readiness
  • Financial statement audit
  • Technical accounting
  • Internal audit
  • ESG advisory

M&A Support

  • Due diligence
  • Valuation services
  • Integration support
  • Tax impact analysis
  • Entity restructuring
  • Report for foreign investors

Time to maximize your R&D tax credits

This under-utilized dollar-for-dollar credit can reduce your tax liability and/or offset payroll taxes. Contact us to see if you qualify.

Fuel Innovation

Let's talk
Hand under microscope

Biotech leaders ready to serve you

As you grow, you face complex risks and opportunities. Benefit from hands-on guidance focused on delivering top-to-bottom value for you and your organization.

Solutions Built for You

See all solutions
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Consulting

Take control of your organization’s future with a comprehensive suite of advisory services designed to meet your unique needs.

Image for Private Company Audit

Private Company Audit

Deliver stakeholder confidence and identify opportunities to improve with an audit approach tailored to your needs.

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R&D Tax Credits

Power innovation by reducing tax liability through state and federal R&D credits.

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International Tax

Conduct business across borders with confidence you’re limiting risk and maximizing returns.

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M&A Sell-Side Advisory

Selling a business takes time and preparation. MGO works with business owners to plan ahead — aligning operations, financials, and tax strategy — so you’re ready when the right opportunity comes along.