Live-in B&B owners face potential budget tax bombshell
With most commentators predicting that Chancellor Rachel Reeves will turn her attention to capital taxes in the forthcoming Budget, those who run a bed and breakfast from their own home face a complicated situation, says James Shipp of Lovewell Blake.
Hospitality businesses are facing a strict new set of regulations on how they handle tips and service charges from 1st October
Ever since media stories emerged in 2015 suggesting that some restaurant chains were making deductions from tips before passing them on to their staff, there has been political pressure to clarify the whole tipping and service charge situation.
How holiday park operators can gain a clear view – in the cloud
For complex, multi-faceted businesses such as holiday parks, cloud accounting is a vital tool to ensure you have up-to-date financial information.
Don’t forget that seasonal workers need written employment terms too
Providing written terms and conditions - including to seasonal staff - is not just a legal obligation, but hugely beneficial, says Kelly Hanley of Lovewell Blake
Why is cloud accounting important to hotel owners – Top 5 benefits
Good financial management is essential, especially in businesses where seasonality and variation is such an important factor. The high season needs to be properly managed to maximise profitability. Building in flexibility to your operations and scaling down efficiently without losing good staff long term or over stocking basic consumables is key to ensuring your business remains profitable.
Furnished holiday lettings relief
The abolition of Furnished Holiday Lettings relief will have major implications for our region, a major tourist hotspot.
Tax year-end planning more vital than ever for leisure and hospitality businesses, says sector expert
With changes to Corporation Tax and Investment Allowances, businesses in the hospitality and leisure sector need to be taking action before the end of the tax year
Ukraine crisis likely to lead to another ‘staycation summer’ says leading tourism expert
The continuing conflict in Ukraine could see East Anglia’s holiday sector facing increased demand during 2022, according to a leading regional hospitality and leisure specialist.