SERVICES

Campgrounds and RV Parks are unique businesses. The services you require are different from those that are needed by other types of businesses. We specialize in providing services tailored for your industry to help ease the financial burdens that come with running your business.

Click here to view our pricing

Pricing Guide

Bookkeeping

Having a complete and accurate set of books and records is a critical element of running a successful business. Building systems and processes around your bookkeeping function is vitally important to your success in the future.

Timeliness

Most Campground and RV Park owners are far too busy running their businesses and making customers happy to worry about their bookkeeping.

Many push it off until the last minute and, yes, some even push it off until tax time!

By using technology and expertise, we have designed our bookkeeping system in a way that minimizes the time you have to spend on this tedious task.

Each month we complete your bookkeeping, reconcile all of your bank and credit card transactions, and make sure everything is posted on your books correctly so that your books are accurate and up-to-date all the time.

This allows you to always be aware of your financial status, have a clear picture of your financial situation, and make tax time less crazy and stressful.

Most importantly this frees up your time so you can focus on what you love and want to do in your business!

Accuracy

We often find that because most Campground and RV Park owners don’t enjoy doing their bookkeeping, they often rush to get the information recorded with little regard to the accuracy of the information.

There are several reasons why this is a bad way to handle your finances:

First, this information will be used to file income tax returns and if your financial information is not correct, it could cost you more money by deductions being missed and you could have potential exposure in the event of an audit later on down the road.

Second, if your bookkeeping records are not accurate and up-to-date, it makes it very difficult for you to run your business effectively and efficiently. Simply “winging it” with inaccurate information is just asking for trouble.

We work meticulously to make sure that your books are up-to-date and accurate every month. We take the time to make sure everything is posted on your books correctly. Having accurate financial information at your fingertips can help you take your business to the next level.

Stress Free

For almost all business owners, bookkeeping is frustrating and stressful – it’s even stressful for accountants sometimes!

What business owner would rather spend the day inside staring at receipts instead of spending the day outside helping their guests enjoy themselves?

Bookkeeping keeps you away from doing what you love and it can be incredibly stressful and infuriating.

A lot of Campground and RV Park owners absolutely dread tax time, not because they don’t like filing or paying their income taxes (well, this part isn’t fun either) but because they are dreading spending days upon days getting caught up on their bookkeeping.

But this doesn’t have to be you! Don’t let your bookkeeping frustrate or stress you out.

The soloution? Outsource this tedious task to us!

We are able to take the stress away from you so that you can run your business without having the burden and frustration of bookkeeping.

Tax Planning & Preparation

Taxes, taxes, taxes. Nobody loves them but they are an impotant (and necessary) part of doing business. We use our experience in the campground industry to create a tax minimization strategy designed to meet you specific and unique circumstances.

Compliance

At the heart of all tax preparation is compliance. You are required by various federal, state and local jurisdictions to file various tax reports throughout the year.

This can be difficult for many Campgrounds and RV Parks as their filing obligations can be complex in nature, difficult to keep track of, and hard to make sure they are filed accurately and timely.

But the good news is that you don’t have to stress or worry about them! As accountants who specialize in serving your industry, we can offer you our unique expertise. We are aware of the various types of filings that you are required to comply with and have the knowledge and experience to complete those filings in all 50 states!

In addition, we utilize sophisticated due date tracking and monitoring software so that deadlines are met every time and that you never have any surprises about when something is due to be filed.

Planning

While it is true that almost anyone can prepare a tax return, there are several reasons why you want to use someone who is uniquely qualified to assist you in planning out your income tax obligations.

As accountants who specialize in your industry:

We knows the ins and outs of your business.

We see how other folks in your industry are handling various tax situations.

We are able to compile and utilize strategies to create a tax minimization plan for your business.

We know you want to pay as little income tax as is legally allowed and that is our desire for you as well.

All of our tax return services have tax planning built in as we don’t believe there is a lot of value in simply preparing a tax return – the value is in the tax planning and we are excited to be able to offer that service to Campgrounds and RV Parks.

Structure

Business structure is incredibly important for multiple reasons:

First, from a legal perspective (we are not attorneys – so make sure you run this by yours!) business structure is incredibly important. You are able to help minimize your personal and business liability by moving your assets around between entities, selecting entity types and choosing ownership structures.

Second, from a tax perspective, business structure is a very important tool in helping us to minimize your tax burden both today and potentially in the future as you start thinking about estate and/or succession planning.

We are able to assist you in determining how best to structure your business from a tax perspective and we often assist in the setup and creation of new Campgrounds and RV Parks by working with your attorney to help them understand the typical structures used.

Compensation & Payroll

Payroll Processing

Payroll processing is one of the most complicated parts of running a Campground or RV Park. Making sure that everyone gets paid in a timely fashion is critical to maintaining a happy workforce.

Payroll processing is complex due to the number of calculations that need to be made for each employee every time they are paid.

It is also complex due to the various tax payment schedules, obligations, and reporting requirements required by various taxing agencies on a monthly, quarterly and annual basis.

We are experts in processing payroll and have designed systems and processes to ensure that your payroll gets filed in a timely basis every time and that all tax payments and tax reporting forms are completed before their due date.

Don’t let your payroll give you a headache – let us take your frustrations and worries away!

Traps

For many business payroll is one of the most high risk areas that exists.

Did you know? When you withhold taxes from your employee’s paychecks and don’t remit them to the government agencies that this constitutes theft?

If you fail to remit withheld taxes to the government or complete your responsibilities in a timely fashion, you could be in a whole lot of hot water (and maybe even jail…).

Another area that often trips up Campground and RV Park owners is the decision about whether or not someone who “works” for you is an employee or a subcontractor.

A final trap to mention is the “non cash benefit” trap. We have all heard time-and-time-again that “the reason you own a Campground or RV Park is to take advantage of all of the non-cash perks of ownership”.

While we certainly agree with this statement to a degree, we also know that this is an area of tax and payroll law that is heavily scrutinized and if your documentation and decision making is not in order you could face incredible consequences.

Fortunately, that is where we come in! We know exactly how to help you avoid these various compensation and payroll traps.

Compensation Planning

As the owner of a Campground or RV Park, you have a lot of decisions to make when it comes to your own compensation.

You have to decide how to pay yourself (contract labor, wages, non-cash pay, rental income, equity distributions, profit distributions, etc) and you have to decide when to pay yourself (throughout the year, at year end, not at all).

These decisions, while seemingly pretty simplistic and unimportant, are actually incredibly complex and can have serious consequences in terms of your ability to meet your financial obligations both inside and outside of the business as well consequences relating to your personal income tax situation.

We assist our Campground and RV Park owners in making these decisions.

We take the time to understand both your business and personal goals so that we can properly advise you as you plan your compensation and payroll as well as your distributions from your business.

We help to structure a plan that is perfect for you and your situation.

Financial Benchmarking

Curious to know how you are stacking up to your competitors? This is important information for any business owner to have. You need to be sure that you understand how the finances of your business compare to others in your industry. We can run offer reporting that shows you exactly how your financial metrics compare to those of over 1,000 other Campground and RV Parks.

Insight

Running a benchmarking study of your Campground or RV Park involves comparing the data from your business against that of other other businesses in your industry.

We utilize a database of over 1,000 sets of financial information from Campgrounds and RV Parks to create a benchmarking study of your financial information in order to get an in-depth look at how your financials compare with others.

This data analysis and comparison is an invaluable resource as we help think through your business and how we can help take your business to the next level.

The report we produce covers many areas of your business including liquidity, sales and profitability.

Opportunity

Once we have a completed report, we review the benchmarking study with you to help identify opportunities for your business to improve from a financial perspective.

For example, in some Campgrounds and RV Parks we identify that their debt to equity ratios are poor relative to industry standards and we discuss the implications.

For others, we may identify significant growth in revenue but slower growth in bottom line net profit.

These types of insights are invaluable as we begin the process of assisting you in becoming a more profitable and financial successful business owner.

Action

Once your benchmarking report is completed and analyzed, we work with you to craft a master plan of action to implement various strategies and techniques to help become a more financially successful Campground or RV Park.

Our experience in your industry allows us to craft the action plan in such a way that it is both reasonable and attainable for a busy owner!

As part of our coaching and consulting services (discussed below) we can then work with Campground and RV Park owners to implement the action plan to help them insure success.

One of the ways we accomplish this is by making sure that the action plan is built using the “SMART” methodology: Specific, Measurable, Achievable, Realistic and Timely.

Cash Flow Analysis

Understanding the peaks and valleys of your cash flow is a important part of having financial peace as a business owner. Most Campground and RV Parks are seasonal businesses, so it is important that you plan appropriately in order to make sure your cash lasts the whole year! We can help you project out 12 to 24 months in order to see potential gaps in your cash flow.

Projecting

So, how do most Campground and RV Park owners think about cash flow?

Most do something like this – “Well deposits were about $5,000 so I guess if I add that to what the bank said last week and subtract the checks I wrote I should have enough to buy this new thing!” Sound familiar?

You have a general idea in your mind of what is in your bank account. But at some point (and this point varies for everyone) it become almost impossible to manage your cash flow in your head.

This is where having a cash flow analysis and projection become invaluable. We are able to work with you to craft an analysis and projection of where we think cash flow will be on a monthly basis for the next several years.

This is an important tool for Campgrounds and RV Parks are you think about the improvements and expansions you want to make in your business.

Planning

Once we have a completed cash flow projection we are able to work with you to put a plan in place to maximize your potential cash flows over the next several years.

We use this information to help you think through and plan out the best way to maximize growth and your business.

For many this involves making decisions about adding cabins and other forms of fixed accommodations for guests and adding additional sites.

For others this will entail thinking through the adding of additional amenities like swimming pools, jump pillows and playgrounds.

Cash flow at Campgrounds and RV Parks is often seasonal and therefore it is incredibly important to plan out future expansion so that we make sure we don’t over burden the business from a financial perspective.

Profits

Our favorite part of running a cash flow projection for Campgrounds and RV Parks is when we are able to show you, the owners, that we can make certain decisions relative to finances that can help turn your business into a profit producing company!

As owners we so caught up in the running of the business that we don’t take the time to understand our profitability and make conscious decisions of what to do with our profits.

This is where we have found we can add tremendous value.

We are able to use our industry expertise and help you assess your cash flow and profitability and what levers we may need to pull to help your business continue to have positive cash flows and profits into the future.

Business Consulting

Campground and RV Park owners encounter numerous challenges when it comes to their finances, accounting and taxes. We are able to utilize our industry knowledge and experience to consult with you on any challenges that you may encounter. This includes things like buy/sell analysis, budgeting, growth planning, pricing, expansion analysis, etc.

Discover

Through our experience in working with people just like you we have discovered that there are often times projects and business goals that Campground and RV Park owners have a difficult time completing.

We have developed a three phase business consulting process that we can use to help you break through the barriers that are holding you back from business success.

The three phases are Discover, Design & Deliver.

The discover phase is all about helping you figure out who you are, what is important to you and where your business is currently in relation to your goals and objectives.

In the discover phase we will walk you through several tools to help us uncover what exactly is important to you and what success looks like to you.

Design

The Design phase of our business consulting process involves us taking what we learned in the Discover phase and crafting a specific action plan for you to take to accomplish your goals or objectives.

The design phase is not about action but rather is about planning.

We have discovered that business owners often have a difficult time translating their goals and dreams into an actionable plan.

We help you put your dreams and thoughts onto paper.

Together we will craft a perfect planning framework to help you bring your dreams to reality.

Deliver

The Deliver phase of our consulting framework involves taking your action plan and working with you to walk through each part of that planning document.

It is where the fruits of your planning efforts begin to take hold.

Our experience has taught us that business owners often start to struggle in this phase, the execution phase.

The trouble is that this is often the phase where discouragement sets in because growth is hard and is often uncomfortable.

By us coming alongside you at this point in the process, we can help you stay on track and encouraged.

We are so passionate about seeing Campground and RV Park owners succeed that we won’t piecemeal our consulting process. We believe that this process works and that true, lasting success can only be found if the process is followed.

Our Pricing

We believe in being open and transparent with our customers. One of the ways we do this is through our pricing. Here you will find all of our pricing guides.

To find the correct guide for you, use your last year’s gross revenue number. If you are buying or acquiring an Campground or RV Park, use their gross revenue number for last year.

Click on the correct tab below to view the pricing chart for you.