Hospitality Team

The Hospitality trade makes up a significant part of the South West’s economy and clients in this sector are very important to the region providing a lot of the region’s wealth and employment both directly and indirectly.

However, as any experienced operator will tell you it is a very demanding industry often becoming more of a vocation than an occupation with many businesses being passed from one generation to the next.

For many years we have maintained a team specialising in this sector and so we are well versed in the issues that such clients face.

As well as providing the routine accounts and tax compliance services required by such clients we are able to provide valuable commercial advice based on years of experience and sector awareness.

We are regularly called upon by clients to evaluate the financial implications of potential sales and acquisitions.

We provide confidential bench marking advice to our clients indicating areas where they are out performing or under performing the sector. This then in turn provides a focus for key commercial and financial decisions. We have been providing this service for many years and have built up a massive data base of information that can be used to assess performance both current and potential.

Our experience in the sector also provides us with expert knowledge in how tax legislation is applied to the sector and how to optimise this for our clients. Such areas include how tax relief is given for major repairs / improvements and payroll matters such as the taxation of staff gratuities.

Our expertise is highly valued by other professionals such as bankers, solicitors and valuers and we maintain close relationships with all professionals working in the sector.

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