Hospitality & Leisure Accountancy

Fast paced technology is changing the face of this ever-evolving sector, with shopping, restaurant reservations, cinema tickets and hotel rooms all going online, brands within the sector are having to invest vast amounts of time, energy, and money into not only keeping up but staying ahead of the pack.

Brands within the sector are continuously repositioning themselves in the market place – this truly is a sector that will not stand still.

This dynamic environment puts enormous strain on business finances, making forecasting and planning extremely difficult, and making effective tax mitigation all the more important.

We understand the sector and the unique circumstances in which you operate and are on hand to guide you through development plans, investment opportunities, acquisition and portfolio divestment.

Hentons Leisure & Hospitality Tax Advisors

Our specialist accountancy services for leisure and hospitality sectors include:

Business planning: From start-ups and business plans through to mergers, acquisitions, exit and succession planning.

Tax: Minimising hospitality tax liabilities, effective tax planning, corporation tax, capital allowances and R&D analysis.

Finance: Sourcing finance and supporting cash flow management.

Corporate finance: Advising on and managing your acquisition strategy, portfolio divestment, merger and acquisition planning.

Accounting, auditing, management accounts: Our accounting services for hospitality are targeted at the day-to-day running of the business and opening up potential opportunities.

VAT: It can be particularly demanding for retailers. We can help ensure your returns are filed accurately and on time in compliance with HMRC.

Payroll: With our specialist payroll services for the leisure and retail sectors, it is easy to maintain your staff records and comply with changes to the PAYE system.

case study

We were appointed advisors to a wholesaling/retail business with multiple freehold properties on the Balance Sheet. Once we had assessed the company structure, we identified an opportunity to separate the different aspects of the business into individual companies, driven by a desire to protect the unencumbered properties, and segregate the different trading lines which had inherent trading risk.  The restructuring concluded with the properties in a holding company and the two trading companies as 100% subsidiaries, with no tax leakage in the transaction, providing peace of mind to the shareholders that the properties were protected.