Hotels

We understand that hotel businesses need a multi-disciplinary team of advisers and accountants, one that understands both the hospitality industry and the property sector. By working closely with our hotel clients we build up a strong understanding of their business and use our unrivalled sector knowledge to help improve margins, monitor cash flow and structure property investment or development correctly to mitigate tax and maximise allowances.

With Capital Gains Tax becoming the “tax of choice”, and UK investors being encouraged to use a tax transparent vehicle to minimise the taxes payable on the eventual disposal of their properties, choosing the right vehicle for your investment is critical. In deciding on the best structure we work with our VAT specialists to ensure any VAT pitfalls are avoided.

We also work closely with the specialist lawyers in Tax & Legal Consultancy Limited to draft hotel franchise agreements and we have a real track record of securing finance at market leading rates.

Once the hotel is acquired we ensure that Capital Allowance claims are maximised and that any remediation work that qualifies for Remediation Relief is indentified and tax allowances obtained. As claims for allowances reduce annual tax liabilities, and hence improve cash flow, this is an area that can make an immediate impact on the health of your business.

For a business to which service is paramount it is vital that the hotel’s operations run smoothly. As experienced advisors and hotel accountants we work closely with our clients in this area, providing strategic and practical advice on cash flow management, budgeting, forecasts, identifying major spending inefficiencies and cost leakage, as well as employment issues. Our specialist consultants are also able offer IT and systems advice, ranging from the design and development of business continuity solutions, information security systems, data storage and areas of e-commerce such as EPoS and PCI.

We advise our hotel clients on specialist areas such as:

• Sale and purchase of hotels and hotel businesses
• New hotel developments
• Stamp duty and capital allowances
• Raising finance
• Budgeting, business plans and cash flow management
• HR and employment issues including staff retention, motivation and minimum wage legislation
• Franchise advice
• Supply chain management
• IT systems and e-commerce

If you require any help or advice from hotel accountants, please contact one of our experts.