Your Trusted Hospitality Accountants in UK
We understand the financial complexities and regulatory challenges faced by hospitality businesses in the UK. Our comprehensive accounting services are designed to help hotels, pubs, resorts, and other hospitality sectors not only stay compliant but thrive in this competitive market. Discover how our expert team of hospitality accountants can support your growth and profitability.
Everything You Need for Hospitality Business
We understand the financial complexities and regulatory challenges faced by hospitality businesses in the UK. Our comprehensive accounting services are designed to help hotels, pubs, resorts, and other hospitality sectors not only stay compliant but thrive in this competitive market. Discover how our expert team can support your growth and profitability.
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Expert Tax & Accounting for the Hospitality Sector
Navigating the financial and regulatory landscape of hospitality can be challenging — from VAT complexities to payroll management. Our approach helps you focus on providing excellent guest experiences while we handle the numbers.
Hospitality Sectors That We Serve
Sterling & Wells proudly serves a wide range of hospitality sectors, offering specialized support tailored to each business type:
Financial Services That Support Your Hospitality Business’s Growth
Keeping your financial records accurate and compliant is essential. Our full range of hospitality accounting services covers everything from detailed bookkeeping to management accounting, giving you insights to make informed business decisions.
Bookkeeping
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Detailed or reliable record-keeping adapted for hospitality transactions
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Customized reporting to monitor revenues, costs, and margins
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Keeping your accounts up to date and compliant with UK standards
Payroll & Company Secretarial
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Payroll services designed for hospitality’s seasonal workforce
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Compliance with employment regulations and tax requirements
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Hassle-free company secretarial support to keep your business on track
Management Accounting
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Tailored financial reporting to meet the needs of hospitality operators
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Strategic advice for improving operational efficiency and profitability
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In-depth financial analysis focused on your business goals
Smooth Business Registration and Compliance for Hospitality Entrepreneurs
Starting or expanding a hospitality business in the UK requires careful compliance and legal setup. Our expert team ensures efficient company formation and ongoing support tailored to your sector’s needs.
Registration of Overseas Entities (ROE)
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Detailed or reliable record-keeping adapted for hospitality transactions
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Customized reporting to monitor revenues, costs, and margins
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Keeping your accounts up to date and compliant with UK standards
Meet the Experts Devoted to Your Success
Meet the Tax Advisors & Accountants at Sterling & Wells who make your growth and success their number one priority.
Expertise You Can’t Get Anywhere Else
The rules are strict, and HMRC doesn’t give second chances. Stay ahead of the game and leave no room for regret
Our Free E-book
Finding the right resources containing the right details to help you navigate the UK system may be difficult. That’s why we provide free eBooks containing in-depth analyses, easy-to-understand examples and real-life case studies.
Latest Blog
Dive into our latest articles on UK tax, accounting and more.
Don’t Let Tax & Compliance Slow You Down!
Let Sterling & Wells handle your UK tax and accounting needs whileyou focus on growing your business.
FAQs
What are the common tax issues faced by hospitality businesses?
Hospitality businesses often deal with VAT on food, drinks, and accommodation services, payroll taxes for employees, and tip reporting. Proper management of these areas is essential for compliance and minimizing tax liabilities.
How can I ensure my hospitality business is tax-compliant?
To stay compliant, maintain accurate financial records, file your tax returns on time, and ensure proper VAT and payroll management. It’s also helpful to work with an accountant who can provide guidance on industry-specific tax laws.
How often do I need to file VAT returns for my hospitality business?
VAT returns are typically filed quarterly or annually, depending on your VAT registration status. We assist businesses with filing returns accurately and on time to avoid penalties.
How do I handle tips and gratuities for my employees?
Yes, Companies that are resident overseas can be included within a UK tax group. However, the losses can only be surrendered between companies that are UK-resident or have a UK permanent establishment.
How do I handle tips and gratuities for my employees?
Tips and gratuities must be reported and taxed. We help ensure that your business complies with the regulations related to tip reporting and management, including calculating and handling tax obligations for tips received by employees.
Can you help reduce the tax burden of my hospitality business?
Yes, we assist in tax planning by identifying available tax reliefs and ensuring that your business maximizes eligible deductions, such as capital allowances. This helps reduce your tax burden and improve overall profitability.
What kind of financial records should I keep for my hospitality business?
You should maintain records of all income and expenses, including sales receipts, payroll, VAT records, supplier invoices, and capital expenditures. Keeping organized records is vital for tax reporting and financial management, ensuring legal compliance.
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