What can Accounting & General do for your hotel business?

A hotel is at the heart of the hospitality industry. Like a pub or restaurant there is provision of food and drink. Then add in accommodation, which has different dynamics – a timeline that looks out further to the future in terms of forward marketing and booking. And a property which probably has a higher capital value and different taxation issues.

We support clients in running all aspects of their hotel – with as little or much involvement as requested.

  • Tailored spreadsheets for either annual, quarterly or monthly accounts, Vat or not Vat registered. These give detailed operating statistics for your business. (Manual records still catered for.)
  • Quarterly Vat returns.
  • Weekly or monthly payroll, including auto-enrolment pension administration.
  • Annual accounts including Companies House filing.
  • Income Tax or Corporation Tax.
  • Support on specialist issues:
    – Administering employee tips – the tronc.
    – Calculation of holiday pay for casual seasonal employees.
    – Advice on taxation opportunities with fixed plant and integral features – Capital Allowances.
  • Commentary on the commercial performance of your hotel, with input of advice for improvement.
  • Advice with a financial angle on all aspects of your hotel. This includes your reservations system, running your forward bookings and the statistics that help you do so.

Key factors for an hotel considering hiring an accountancy firm…

Qualified

Qualified (ACA, ACCA), so competent in pure accountancy and taxation, and holding professional indemnity insurance.

Experience of industry specific tax aspects such as Capital Allowances and Capital Gains Tax on sale.

Experience of high cash volume businesses for accurate bookkeeping systems.

Experience of monitoring forward booking performance.

Knowledge of the local area and trading differences between locations. Including awareness of local business opportunities.

Contacts and associates in the area for other support services, such as sales agents and legal advice.
Devon Accountants for the licensed hotel trade
Hotel Accounts Devon for the licensed hotel trade