The travel, hospitality and leisure industries are unlike any other. We have experience in the accounting and advisory needs of travel and hospitality companies.
Travel
We understand the issues SME travel agencies, tour operators and travel management companies face and deliver tailored travel to owner-managers.
We can help with the day-to-day running of your business. You can receive advice on taxation, outsourcing, audit, and meeting regulatory requirements.
Our advisors offer your business help with
- Employment tax issues and engagement of workers
- Handle the impact of the changing BREXIT landscape
- Mergers, acquisitions and exit plans
- Implementing accounting systems
We have expertise in assisting with complex tax issues and VAT regulations
- Knowledge of EU destination and local VAT registration
- Cross-border EU VAT and indirect tax legislation
- Tour Operators Margin Scheme (TOMS)
- R&D tax credits
Hotels
Hoteliers face challenging regulation and compliance, fierce competition and changing consumer demands.
Hotel franchises and independent hotels demand specialist accounting skills. Working closely with hotels across the UK, from small boutiques to large hotel groups, we have extensive financial knowledge and hospitality experience.
Specific taxation and reporting advice tailored to the hotel industry
- Capital allowance for hotels
- Financial reporting
- Cashflow analysis and management
- Cloud accounting systems and processes
- Day-to-day financials
- Income tax and national insurance
- Specific guidelines to hoteliers when employing staff
- Payroll – Minimum wage, calculating holiday pay for zero-hour contract, auto-enrollment
- Bookkeeping
- Hospitality VAT
- Income tax and national insurance
Some examples of our support for the travel and hospitality sector:
- External audits for several large hotel groups
- Transactional and refinancing advisory support, including covenant compliance evaluation for several hotel acquisitions
- Non-resident tax returns and VAT returns for an overseas hotel chain
- Preparation of quarterly VAT returns and submission for a European Airlines Company
- Incorporation of a pan-European wild nature tourism company
