Key considerations around Health & Safety for The Leisure Sector
There are many aspects to consider when running a business, and one of the major ones should be Health & Safety. It is important to keep your business, your people, customers and visitors safe and ensure your company is fully compliant. Every business, small or large, is required by law to have a health and […]
Forecasting Waste
The Office of the Pubs Code Adjudicator, the government body that is responsible for enforcing the statutory Pubs Code, recently issued guidance in relation to pub-owning business’ statutory obligations around accounting accurately. The particular aspect they seek to clarify revolves around Pubs Code, Schedule 2 forecast profit and loss statements for the volume of alcohol […]
Increases in the Minimum Wage – Considerations for the Hospitality and Leisure Sector
The Tourism, Hospitality and Leisure sector is believed to have the highest proportion of jobs paying the minimum wage of any sector, at around 30% of the total. However, Hospitality wages have risen by some 53% over the last ten years. Minimum wage catalysed by Brexit Low income workers actually saw some big increases in […]
Tips and Tronc – What’s the difference
In this chapter we will explain the difference between Tips, Gratuities, and Service charges, and when a TRONC arrangement is necessary. To the public these are collectively known as Tips. However, you will need to know the difference between them, and how they are treated for tax purposes. Gratuity This is the most common type […]
Why you should consider an EPOS system
Electronic Point of Sale (EPoS) is the hardware and accompanying software that allows you to process orders and payments and provides real-time reporting and stock management information. It can be used to process room payments in hotels and also food and beverages or even things like Spa treatments, helping you to keep track of stocks […]
Don’t get hacked off by Cyber-crime!
Don’t assume that just because you are a small to medium sized business, that you won’t be targeted by cyber criminals. The hotel, restaurant and hospitality and leisure sectors are possibly more vulnerable because of having small IT teams and a lack of knowledge around protection and best-practice. Cyber criminals look for the easiest and […]
Pub Owners Beware: Understanding Rent Reviews and the Pub Code
As a public house (pub) owner, grappling with the intricacies of rent reviews and understanding the pub code can be a daunting task. The legal process of rent reviews is commonly used in the pub industry to adjust the rent for commercial properties. However, it is important to have a good understanding of this process […]
What Insurance Do I Need in the Leisure and Hospitality Sector?
Whether you run a bar or club, a hotel, café or restaurant, or offer bed & breakfast, or are involved in recreation or travel & tourism, you need adequate protection for yourself and any third parties. Each area faces unique risks and challenges, so talk to a broker who can provide considered advice. Public Liability– […]
The Advantages of Outsourcing Your Business Accounting Needs in the Hospitality Sector
In the hospitality sector, keeping up with the accounting demands of your business can be challenging. From bookkeeping and financial reporting to payroll processing and tax filing, it can be overwhelming to handle all these tasks on your own. That’s where outsourcing your business accounting needs can come in handy. In this article, we will […]
The Importance of Financial Planning for Small Hospitality Businesses
Small hospitality businesses face unique financial challenges, such as fluctuating revenue, seasonal demand, and rising operating costs. In this environment, financial planning is critical to achieving long-term success. By taking a proactive approach to financial management, small businesses can ensure they have the resources and resilience to weather any challenges they may face. In this […]
