Hotels Accountants | Leisure and Tourism Advisers | PKF Francis Clark
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Office closures - Our teams have worked exceptionally hard during the pandemic, so we are giving everyone an extra day’s holiday as a thank you. On Friday 23 July our offices will be closed and we will be offline.

Hotels, Leisure & Tourism

Helping businesses in the hospitality and leisure industry to achieve success

Hotels, Leisure & Tourism sector illustration

Whatever the size of your business, whether it’s part of a group or independent and family run, PKF Francis Clark has a team of specialist hospitality accountants who can help you.

The hospitality sector is at the heart of the South and West’s economies. In many areas, it accounts for as much as 25% of the jobs and a significant proportion of regional GDP.

This is why we’ve put together a team of leisure and hospitality chartered accountants who work closely with clients to ensure their businesses are as profitable as possible. We have tried to specialise within the sector to ensure expertise is specific to business type and size, with plenty of knowledge and experience to draw upon.

They work alongside our food and drink accounting specialists to provide excellent industry-specific financial supports. Working with clients across the sector including hotels, restaurants, pubs, and bars.

Family Business Advice

We appreciate that many hospitality businesses are family-owned and run.

Working with family members can bring additional challenges to any business owner. Balancing the interests of family and your businesses is not always easy, which is why we offer advice that is tailored to family-run businesses.

Our hospitality accountants offer bespoke business support that takes into account owner aspirations and objectives to cover all areas of your business. This can include succession planning, ownership issues, and tax planning.

Managing your tax bill

Our team of chartered accountants can help you minimise your tax overhead and provide assistance with ensuring you pay the correct levels of tax.

We will work alongside you to create a structured, strategic tax plan that meets your specific needs.

We can identify any tax reliefs, allowances or exemptions you can take advantage of on your corporation or income tax returns.

Tackling VAT

Staying on top of VAT is essential for any business. Our hospitality tax specialists can guide you through every step of the VAT process to help you file on time and avoid any penalties for

Payroll and Auto-enrolment

Our team of expert hospitality accountants can assist with all the issues around paying your employees, including payroll enrolment.

We are also able to offer information about benefits for employees including remuneration, incentives and the implications of tronc.

Tronc (or tronc arrangements) can be a difficult issue in the hospitality industry. Our experienced group of hospitality experts can offer advice on troncmaster services, arranging fair distribution and the impact on your payroll obligations.

Increasingly the sector is looking for ways to incentivise staff and ensure retention rates are improved. We can assist with ideas around bonus and share incentive plans.

Corporate finance and business growth

We support our clients with every stage of growing and developing their business. The specialist team can work alongside the corporate finance teams to establish ways of structuring the business to take forward plans for the future. This is often coupled together with the initiatives surrounding family business advice.

Our award-winning corporate finance team are regularly ranked among the UK’s most active dealmakers. They can help with proactive management, raising funds and finding a solution to help you meet your business goals.

Our hospitality and leisure clients rely on us for assistance with:

  • Advice and analysis on costs, profits and occupancy rates
  • Payroll, auto-enrolment staff remuneration and incentive plans.
  • Advice on the best type of legal business entity, structuring and restructuring
  • Audit and assurance
  • Financing advice
  • Grant expertise
  • Business readiness for investment/sale
  • Cashflow planning
  • Cloud Accounting and outsourcing
  • VAT, tax compliance and HMRC enquiry support
  • Access to funding
  • Selling and buying businesses, succession planning

Get in touch

Get in touch to find out how our Hotels, Leisure & Tourism specialists can help you today:

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