The hotel sector had performed strongly since the financial crisis of 2008/09, with revenue per available room (REVPAR) in the UK increasing every year from 2009 to 2019. However, the economic consequences from COVID-19 will be stark and sadly hotels are likely to be disproportionately impacted.
Further, the knock on impacts of Brexit such as fluctuations in exchange rates and being able to source suitable staff will bring both opportunities and threats. Having an adviser who understands these issues provides reassurance.
Our multi-disciplinary hospitality team provides a wide range of advisory and support services for hotel businesses. In addition to the general accountancy and tax services we provide, we have developed hospitality accounting services specifically tailored for clients within the hotel industry.
Our hotels and restaurant accounting services include:
- audit and business assurance services
- group accounting
- management accounts, including out-sourced cloud accounting services
- tax investigation work
- capital allowances
- PAYE enquiries
- VAT investigations
- corporate finance, fundraising, due diligence and flotations
- business review and strategic planning
- remuneration and pension planning
- recovery and restructuring
The next step
If you would like to discuss the hospitality services that we can provide for your hotel business, please contact a hospitality specialist at your nearest location, or complete the contact form below.