The hospitality and leisure industry is one of UK’s fastest growing and most competitive industries. It covers broad range of services like theme parks, hotel, resorts, lodging, restaurants & bars, transportation, event planning, cruise line and many more.
The tourism, leisure and hospitality sector is facing numerous challenges due to evolving regulations and emerging accounting standards. The ups and downs of the industry profoundly depend upon the level of disposable income of the economy, therefore the industry get immediate and sever affects by the policies applied by HMRC especially fluctuating tax rates of CGT, IHT and Income tax etc.
Looking for accountants specializing in the leisure & hospitality sector?
WeAccountax brings a wealth of expertise to guide leisure and hospitality clients
WeAccountax have designated team of accountants to deal solely with leisure and hospitality clients. The team comprised with accounting and tax experts with extensive experience of the hospitality & leisure industry. If you are looking for an expert accountant advice, we are well positioned to support you. Our award winning leisure and hospitality team provides tax, financial reporting and book keeping services to clients located across London and the South East from independent local businesses and franchises to multiple outlet groups.
By having an organized portfolio we know the industry has its unique problems, opportunities and ways of doing things. From hotels tax planning to travel agents financial reporting, we’ve got it all covered.
Accountants for hotels, restaurants and leisure businesses
Our well designed tax and accountancy services for hospitality and leisure sector organization include:
Accountancy, bookkeeping, and tax services – we offer the services you need to stay efficient, compliant and in control by ensuring compliance with complex and emerging accounting standards.
Management Accounts – Providing management accounts on monthly, quarterly or any desired intervals to ensure smoothness of planning & decision making process.
Employment tax planning – helping you retaining and rewarding key staff along with creating tax efficient staff remuneration structures.
Value added tax – complete advice and support across the sector relating to VAT return preparation and submission, from ticketing of theme parks to the more complex implications of the tour operators margin scheme.
Business support – giving appropriate level of attention to business core operations is often difficult for single-site operators if remain stuck in accountancy & tax matters; by having outsourced payroll and accounting services you can focus on stability and growth of your business.
Xero implementation, training and continuing support – as an alternative to outsourcing, we can assist you in developing strong and robust internal accounting system.
Personal tax management – from dealing with simple tax return matters to complex inheritance tax and Capital Gain Tax planning, we offer complete set of personal tax services for business owners and company directors. We also advise on dividends and minimum wages on regular intervals.