Looking after your hospitality business
Business is booming in the hospitality industry. Research suggests the average British person eats out at least once a month, with pub-style fare the most popular dining option. Takeaway and delivery services are buoyant too, as is the hotel trade where growth continues both in major cities and provincial areas.
Running a pub, restaurant or hotel is a challenging affair where competition is fierce and financial obligations are complex. Along with the ever-changing requirements every business owner faces, such as tax, insurance and payroll considerations, there are additional concerns for hospitality business owners, including treatment of wet and dry supplies and TRONC implementation for tips and gratuities.
Hotel owners need to take into account capital allowances on property, furniture and furnishings, along with specific regulations unique to the hotel trade, such as staff meals and accommodation, and provision of uniforms.
Perrys can help
We have an exceptional team of professionals who can help you meet your monthly, quarterly and annual accounting commitments.
Our experts offer a tailored service to help you with:
- Payroll services
- Capital allowances
- VAT compliance and treatment of wet and dry supplies
- Stock taking
- Management accounts, forecasting and budgeting
- Company secretarial matters
- Audit services
- Business rates and personal tax advice
Find out more about our accountancy services for the hospitality sector.
Meet our specialist hospitality accountant – Alex Skinner
Based at our Historic Dockyard Chatham branch, Alex Skinner is our specialist consultant for the hospitality industry. Alex works with a host of businesses, from small start-ups to international chains.
You can contact Alex at our Historic Dockyard Chatham office on 01634 245900 or by filling out our contact form here.