Consumer Facing Brands
Make confident, data-driven decisions with audit-ready financials, strategic tax planning, and accounting solutions tailored to your industry.
Why Industry Specialization Matters for Tax, Accounting, Audit, and Advisory?
Scaling a franchise, running a high-volume store, or managing a client-service practice all create different financial pressures. Royalty alignment, sales tax complexity, trust-account rules, inventory and cash-flow swings, each demands tailored systems, controls, and reporting. We design and run accounting that reflects your operating model, so compliance is predictable and performance is visible.
Franchise Businesses
Franchise businesses operate in a unique space where corporate-level oversight meets local-level operations. Navigating this duality requires accurate, timely, and scalable accounting support. Franchise owners face challenges such as royalty tracking, standardized reporting, and compliance across multiple locations. Without proper financial systems in place, these hurdles can lead to costly errors and inconsistent performance across units.
If you’re a single-unit operator or managing a nationwide franchise chain, our expert financial insight ensures clarity, consistency, and compliance. With support from a team that understands accounting for franchise business models, you gain better control over margins, operations, and expansion opportunities.
Why Do Franchises Need CPAs?
● Royalty tracking and franchise fee reconciliation
● Standardized, multi-location reporting and consolidated views
● Payroll coordination and multi-state tax filings
● Budgeting, unit economics, and performance comparisons by location
What We Do for Our Clients in the Franchise Industry?
1. Royalty and Franchise Fee Management
- We help franchisors and franchisees manage royalty structures with precision. Our team tracks payments, verifies accuracy, and reconciles accounts to ensure transparency between the brand and each location.
2. Franchise Bookkeeping and Compliance Support
- Our professional services CPA (Certified Public Accountant) team ensures that your firm stays ahead of tax obligations. We offer proactive strategies that minimize liabilities while keeping you compliant with local, state, and federal tax regulations.
3. Budgeting and Performance Analysis
- We collaborate with franchise owners to create accurate budgets and performance metrics. Through detailed forecasting and KPI reporting, we provide the financial insights needed to strengthen decision-making and support sustainable growth.
1. Royalty and Franchise Fee Management
We help franchisors and franchisees manage royalty structures with precision. Our team tracks payments, verifies accuracy, and reconciles accounts to ensure transparency between the brand and each location.
2. Franchise Bookkeeping and Compliance Support
We deliver consistent bookkeeping for franchises of all sizes. Services include daily transaction recording, expense tracking, reconciliations, and consolidated or store-level reporting. In addition, we manage payroll, multi-state tax filings, employee benefits, and ACA compliance to keep your operations fully aligned with regulatory standards.
3. Budgeting and Performance Analysis
We collaborate with franchise owners to create accurate budgets and performance metrics. Through detailed forecasting and KPI reporting, we provide the financial insights needed to strengthen decision-making and support sustainable growth.Retail Businesses
Retail businesses operate in fast-paced environments with slim margins, seasonal shifts, and complex inventory cycles. Without precise financial reporting and tax planning, even high-revenue stores can face cash flow challenges or tax penalties. That’s where we come in.
Our team provides accounting services for small business retailers that need tailored support to manage bookkeeping, taxes, payroll, and reporting. If you’re running a boutique store, an e-commerce brand, or a regional chain, we help you understand your numbers and plan for sustainable growth.
Why Does The Retail Industry Need CPA Services?
● Seasonal cash-flow swings and thin margins
● Inventory controls, COGS accuracy, and shrinkage visibility
● Multi-state sales tax registration, tracking, and filing
● Year-end readiness and lender/landlord reporting needs
What We Do for Our Clients in the Retail Industry?
Real-Time Bookkeeping for Retail Business
We deliver accurate, up-to-date financials so you can track performance, manage vendor payments, and simplify year-end reporting. Our small business bookkeeping services keep your data organized, ensuring clarity during audits and tax season.
Strategic Tax Planning and Compliance
We offer holistic accounting and tax services for small business owners looking to reduce tax liabilities and avoid filing errors. From quarterly estimates to end-of-year returns, our team makes retail tax management easier and more predictable.
Inventory and Cash Flow Management
We help you optimize cash flow with clear reporting on cost of goods sold, shrinkage, and inventory turnover. Our retail-focused insights support smarter decisions that improve profitability across your locations.
Professional Services
Professional service firms, such as attorneys, consultants, engineers, architects, and marketing agencies, operate in environments where billing accuracy, cash flow management, and regulatory compliance are critical. These firms often juggle multiple client accounts, project-based revenue, and overhead costs. Without proper accounting for professional services, it’s easy to lose sight of profitability, tax obligations, and long-term planning.
Our firm provides specialized accounting services for professionals who need accurate reporting, proactive tax planning, and support for business decisions. From tracking billable hours to managing partner distributions, our financial services are built around the unique needs of professionals working in dynamic, high-demand industries.
Why Do Professional Firms Need CPAs?
● Irregular cash flow and delayed invoicing
● Time/expense capture that undermines billing accuracy
● Compliance around client trust/escrow accounts and partner distributions
● Strategic questions on hiring, compensation, and succession
What We Do for Our Professional Clients in the Industry?
Time and Expense Tracking for Accurate Financials
- We help professional services firms implement systems that capture time and expenses efficiently. Our solutions support accurate invoicing, proper revenue recognition, and clear financial visibility across all departments or client accounts.
Comprehensive Tax Planning and Compliance
- Our professional services CPA (Certified Public Accountant) team ensures that your firm stays ahead of tax obligations. We offer proactive strategies that minimize liabilities while keeping you compliant with local, state, and federal tax regulations.
Advisory Support for Firm Growth and Profitability
- If you’re expanding your practice, onboarding new partners, or preparing for succession, we provide strategic advisory services. Our expertise in accounting for professional services firms helps leaders make confident, growth-oriented decisions.
Shared Value Proposition Across All Industries
At Sheikh, Osher & Scott CPAs & Advisors, we stand out by combining technical expertise with industry-specific knowledge and personalised service. From franchises and retailers to professional firms and nonprofits, our approach delivers clarity, compliance, and confidence.
We deliver on-schedule closes, audit-ready documentation, and error-free filings. Our structured processes reduce risk and give you confidence that deadlines and compliance standards will always be met.
We understand the complexities of each sector, including franchise royalty management, retail sales tax and inventory, and professional services billing and trust accounts. With experience serving over 50+ nonprofit and corporate clients, we offer cross-industry insights that enhance our solutions.
We support businesses of every size, from single locations to multi-state operations. With nationwide resources and local responsiveness, you get the best of both worlds: scale and personal attention.
Client Testimonials
Ready to Strengthen Your Finances?
No matter your industry, franchise, retail, or professional services, Sheikh, Osher & Scott CPAs & Advisors delivers more than just accounting. We bring partner-level attention, on-time compliance, and insights shaped by decades of cross-industry experience. With us, your numbers become a tool for growth, not just recordkeeping.
Take the next step toward clarity, compliance, and confidence!
Address:
401 N. Michigan Ave. Suite 1217, Chicago, IL 60611
