Hospitality accounting services

Our comprehensive hospitality services are designed to help your business thrive, from insightful audits to expert tax advice and efficient financial management. Explore our specialised services below.

Hospitality audit

Hospitality audit services: food for thought

Gain valuable insights into your restaurant or hotel’s performance with our dedicated hospitality audit service. We go beyond regulatory compliance to deliver a deeper understanding of your finance function, highlighting areas for improvement to support your business’s continued growth and success.

A people-first approach to auditing

We place our hospitality clients at the core of our audit service by:

Agreeing the scope of the audit upfront to focus on the processes that matter most to your business.
Sharing the audit plan in advance, so you’re fully informed and prepared at every step.
Providing regular updates on progress with minimal disruption by addressing queries on-site.
Offering an independent review of your financial processes, identifying strengths and recommending areas for improvement.

Our tailored approach helps you mitigate key challenges and risks while enhancing your overall performance of your business.

Compliance ‘plus’ for your annual statutory audit

Our annual audit for restaurants, leisure providers and catering businesses goes beyond ticking boxes. It’s designed to support you in a practical, strategic way. Whether your business operates internationally or is part of a larger group, we provide expertise in preparing consolidated accounts that reflect the full financial picture.

Each audit concludes with a detailed report highlighting the accuracy of your financial statements and the effectiveness of your systems and processes. Our recommendations will help you protect against fraud, improve internal controls, and strengthen your financial position.

The value of a voluntary audit

A voluntary audit offers flexibility, providing an independent review of your financial health that reassures stakeholders and potential investors. This can be particularly valuable when you’re looking to expand, sell or negotiate with suppliers.

With a voluntary audit you gain a thorough assessment of your financial processes and recommendations for improvement – ideal for businesses led by management teams where performance-based rewards and remuneration are key.

Hospitality accountants

Outsourced finance function: freedom to focus

Let us take care of your day-to-day financial management, giving you the freedom to focus on driving your business forward.

We manage your finance function as if it were our own, offering the financial expertise you need without the complexities and costs of an in-house team.

Complete visibility and expert support

Each month, we provide comprehensive management accounts offering a clear view of your financials to help you understand profitability and pinpoint areas that need attention. Your dedicated client service manager will work closely with you to tailor solutions that meet your specific needs.

Here’s how we can support you:

Manage your bookkeeping, reconciling bank and credit card statements.
Handle supplier payments, prepare a schedule for approval, and resolve any queries.
Reconcile your balance sheet every month, addressing potential issues early.
Optimise your cash flow by preparing budgets and forecasts.
Ensure accurate payroll management, meeting all PAYE responsibilities.
Oversee auto-enrolment pensions, ensuring compliance and accurate reporting.
Deliver tailored management accounts to control costs and identify trends.
Take care of end-of-year compliance, from annual accounts to corporate tax reviews.
Review your VAT position, liaising with HMRC on your behalf.
Act as your Troncmaster, setting up and managing a compliant tronc scheme.

As an outsourced accounts client, you’ll have unlimited telephone and email support, ensuring expert advice is always on hand.

Hospitality tax

Hospitality tax advice: thoughtful planning

Balancing the needs of your business with those of its owners and investors, we ensure tax doesn’t become a barrier to your ambitions. Through thoughtful tax planning, we help you maximise the benefits of available concessions and incentives.

Corporate tax

Our dedicated corporate tax team helps save time and reduce costs by identifying and claiming the tax reliefs your business qualifies for. We provide advice on:

Structuring your business for growth, mergers, or acquisitions.
Capital allowance reliefs on equipment, fittings, and buildings.
Acquiring or disposing of leasehold or freehold premises.
Share schemes for recruitment and retention.
Expansion tax implications both in the UK and overseas.
Holding assets tax efficiently.
VAT improvements, including partial exemption assessments.
Claiming R&D tax credits to recover costs from innovations.

Employment tax

We help you navigate the tax treatment of pay and benefits, avoiding fines or penalties from HMRC. Our employment tax advice covers:

National Minimum Wage obligations.
Employment status assessments for workers.
Tax and National Insurance implications for overseas hires.
Tax-efficient redundancy and termination packages.
Proper handling of pay adjustments for long-term sickness or ill-health.

Personal tax

From preparing personal tax returns to wealth planning, we manage all your personal tax concerns. Directors and senior management benefit from tailored income strategies, minimising capital gains and inheritance tax liabilities. We also offer support for shareholders and employees with multi-country tax obligations, helping them choose the most tax-efficient options.

For more information on how we can support your hospitality business with any of these services, get in touch with us today.