Traditionally campgrounds were one of two types. They were owned by a family, or a large corporation ran them. We have those same situations today, but a new entry exists to add to the marketplace. And that is venture capital-backed campground ownership.

We are seeing a trend of several people getting together as partners and also employing venture capital funds to help them purchase multiple campgrounds in a fast-paced environment. They’re doing this mostly for the investment. Not that they want to run the campground. I have nothing against this model, but it doesn’t suit our practice well.

It doesn’t give us the opportunity to provide the full value that we want to, to our campground owners. That’s why we primarily focus on family-owned campgrounds, not the larger corporate or partnership and V.C.-backed campground ownerships.

The services at campground accounting are all-inclusive, where we wrap our arms around our clients and make sure that we help them navigate all the waters of taxes, accounting, bookkeeping, payroll, sales tax, and anything they need. We want to be a greater source of knowledge to point them in the right direction or help advise them as we deal with these waters daily.

Our largest value that we can provide is to help them reduce the amount of taxes they pay overall. It is one of the largest expenses of any business to pay their taxes. We can do this because we have full insight into all of their income streams. There aren’t businesses that are outside of the reach of what we know about. We have to understand their full business picture and income tax return to project what strategies to utilize for them.

We can accurately project each item on their tax return and then implement strategies to minimize those taxes. This saves our clients thousands, even tens of thousands of dollars in taxes. And that’s where we derive our value and want to be a key component in helping family-run campgrounds succeed.

In the case of the new V.C.-backed campgrounds, there could be 10 owners who own other outside businesses or real estate investments. And we don’t have any knowledge of what those other sources of their income are. We don’t have control over each owner’s projected income, so we can’t project the taxes, let alone help them save more money. So a strategy that could drastically help some of those owners may be terrible for the other owners and could be harmful. So we don’t work with V.C.-backed and partnership campgrounds. It’s not because we don’t like them or don’t get along with the owners. It just doesn’t fit the ownership structure we require to offer the highest level of value.

Please follow us on Facebook and Instagram. Please check out our blog and website link below, subscribe to our YouTube channel, and hit the bell to be notified when we post. You can email me at donna@campgroundaccounting.com.

Please follow us on Facebook and Instagram. Please check out our blog and website link below, subscribe to our YouTube channel, and hit the bell to be notified when we post. You can email me at donna@campgroundaccounting.com.

Donna Bordeaux, CPA with Campground Accounting

What happens when you send two CPAs out into the relaxing outdoors to camp? You get CampgroundAccounting.com.  Donna and Chad have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams. They camp and travel across the country every chance they get, so it’s just a natural fit that they focus their CPA skills on helping campground owners throughout the USA grow their businesses and minimize the impact of taxes.  They understand the key performance indicators and specialized issues that face RV park owners every day.

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