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Leisure and Hospitality News

We act for a large number of leisure and hospitality firms across our three offices

Tax Rates and allowances 2016/17 – summary and details

Tax Rates and Allowances 2016/17 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2016/17 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

2015/16 year-end tax planning advice for owners and individuals

2015/16 year-end tax planning advice Would you like the opportunity to reduce the taxman’s take from your own and your family’s income? If so please continue on to read our year-end tax planning advice. Carrying out an annual review of your tax affairs could...

Important PAYE and employment tax changes 2016 that you need to know

Are you ready for the fothcoming PAYE and employment tax changes? There are some very important changes to PAYE and employment tax rules due to come into effect from April 2016. It is important that as an employer you are aware of these changes and, if necessary, have...

Becoming more energy efficient in the leisure and hospitality sector

There are numerous opportunities for operators within the leisure and hospitality sector to reduce costs by becoming more energy efficient and more waste efficient. In this article we look at how firms could reduce their energy bills, how much it might cost and why it...

Ongoing transportation projects to improve UK links

The Chancellor, George Osborne, has promised to continue to make significant infrastructure improvements a key focus over the next four years through committing billions of pounds to improving the UK’s transportation links. In this article we look at some of the...

Pubs and restaurants: what does the future hold?

Although many pubs and restaurants are in better financial shape than they were following the economic downturn in 2008, the sector is still facing a number of tough challenges. In this article we look at some of the key issues facing the sector and what the future...

Leisure & Hospitality Autumn Statement 2015 review

On 25 November, the Chancellor delivered his latest Autumn Statement. In a year which has already seen two Budgets, which have both brought big changes to the leisure and hospitality sector – most notably the new National Living Wage - businesses were perhaps...

Big small company accounting changes ahead

Are you ready for the changing landscape of small company accounting? Over the next year or so the statutory accounts that small companies have to prepare and send to Companies House are changing because of revisions to the Companies Act and some connected changes to...

Where are the drivers of the future for transport & logistics?

Just 2% of all HGV drivers are under 25 - where are the drivers of the future for transport & logistics? It is fair to say that over the last few years there has been a shortage in the number of young drivers entering the transport & logistics sector. A report...

Small business outlook 2015/16

Welcome to our small business outlook 2015/16. Although not all small businesses have seen an improvement in their financial performance in the last 12 months, the picture is largely positive. The UK economy thrives on small businesses and, generally speaking, they...

National Living Wage – The impact on small businesses

The government has announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The NLW is effectively another higher age band of the National Minimum Wage (NMW). Initially the NLW is set at 70p above the current NMW,...

Chancellor gives Annual Investment Allowance certainty

The Chancellor announced in the Summer 2015 Budget that the Annual Investment Allowance will be set permanently at £200,000 from 1 January 2016. He has previously said that this would be included in the Autumn Statement, but this earlier announcement provides welcome...

What does the Network Rail ‘pause’ mean for business?

In 2013 a five-year plan was announced to electrify the route from London to Sheffield through the East Midlands. Just weeks after the General Election, where there was a strong focus on the proposal of a Northern Powerhouse to boost economic growth in the North of...

Prompt payment discounts and VAT

If you offer a discount to your customers for prompt payment, the VAT treatment has become quite tricky. For many years UK legislation has allowed suppliers to account for VAT on the discounted price offered for prompt payment even when that discount was not taken up....

Tax Rates and allowances 2015/16 – summary and details

Tax Rates and Allowances 2015/16 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2015/16 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

5 easy ways to grow your restaurant

Under the current economic climate and with thousands of new restaurants opening every year, it is crucial your restaurant stands out from the crowd. Outlined below are 5 easy ways to grow your restaurant: 1. Know your customers Take the time to get to know your...

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