Hotel And Leisure
The tourism, hospitality and leisure industry is one of the largest business sectors in the United Kingdom and is worth approximately £81.5bn. This said, the current economic and political climate in Northern Ireland presents particular challenges to the hotel and leisure industry. Volatile room and occupancy rates mean less predictable revenue and profits. Businesses are facing increased labour costs and growing pressures to reduce operating costs.
As hotel and other hospitality business operators seek capital for expansion and investment, they need to be aware of alternatives to traditional finance and of alternative taxation and real estate strategies.
We act for a wide variety of both un-incorporated and incorporated businesses across this sector including hotels, bars and restaurants and several sports clubs.
In addition to the general auditing, book-keeping, accounts preparation and tax compliance services that we offer to all businesses we also offer more specialised advice for this sector including:
- Grant assessment and application support.
- Regulatory reviews and investigations for Clubs and Societies.
- Tax planning advice – both company and personal related (including succession planning)
- VAT compliance and other VAT issues
- Review of internal systems and controls including computerisation and software installation and support.
- Advice on sales and purchases of businesses by both asset or share acquisition
- Advice on minimum wage requirements and other payroll queries