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Publication

Tips & gratuities in the Leisure & Hospitality sector

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title

Publication

Tips & gratuities in the Leisure & Hospitality sector

Find out more

Leisure & Hospitality

As consumer tastes and buying patterns change, so too does the financial outlook for a leisure and hospitality business. Our expert team understands this highly competitive marketplace, and how sensitive it is to economic change. The highs and lows are real; we offer the best financial and accountancy advice to guide and support you through obstacles, and lead you towards growth.

Accounting and advisory for hotels

Your hotel needs to meet the challenges of today’s ever-changing market place. Hotel owners face the continued challenge of offering genuine quality and value for money, and retaining high-performing employees, all while trying to gain competitive advantage. 

This sector has huge variation - from top-branded quality hotels or family-run hotels, to national and international groups; from serviced apartments or bed and breakfast houses, to spas and health resorts - our hotel and hospitality accountants understand your needs. We can help achieve your goals by supporting you with:

  • Preparation of accounts
  • Cash flow forecasts
  • Advice on regulations specific to the hotel industry on areas such as tax, VAT, HMRC and PAYE
  • Improving efficiencies, productivity and cost saving
  • Dealing with employment tax issues and assisting with HMRC enquiries

How we advise pubs, restaurants and bars

With more than 25,000 restaurants and over 50,000 pubs in the UK, the hospitality industry has never been so competitive. Our specialist pubs, restaurants and bars accountants advise businesses in this sector on their strategy, and show them how to position themselves in their competitive environment to gain advantage. The services offered by our hospitality accountants include:

  • Advising on internal controls to ensure cash is being deposited into the bank
  • Comparative balance sheet analysis
  • Ratio analysis by industry standards to detect issues that may not otherwise be detected 
  • VAT reclaims on gaming machines
  • Dealing with employment tax issues and HMRC enquiries
  • Dealing with tips and tronc arrangements

Expertise with sports and health clubs 

Our in-depth understanding of key industry and sector-specific issues for sports and health clubs is central to the delivery of our accountancy, business advisory and tax services. As a sports and health club owner you need to ensure that you can get hold of key financial information to make business-critical decisions. Our leisure and hospitality accountants can help both clubs and their managers maximise the potential of their assets through: 

  • Internal audit and risk management support
  • Management strategy reviews
  • Financial management and benchmarking analysis
  • Financing growth and succession
  • Reducing corporation tax burden
  • VAT advice and solutions
  • Dealing with issues relating to the engagement of workers

Get in touch to discuss how we can take care of business for you.

Key contact

Head of Leisure & Hospitality, Partner
Chris Sutton
+44 (0)207 429 4100
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Key contact

Partner and Group Chairman
Rakesh Shaunak
+44 (0)20 7429 4100
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