Retail & Hospitality

Hospitality and retail are cash intensive, staff heavy and margin sensitive. Small errors repeated daily become large ones by the year end.

We act for independent shops, cafés, pubs, restaurants and takeaways. The day to day priority is a reliable record of takings, reconciled between the till system, the card provider and the bank, so the VAT return is right first time and the accounts need no unpicking.

Payroll is usually the largest single cost. Rotas, part time staff, statutory pay and the correct treatment of tips and service charges under the tipping rules all need care, and they all flow through the payroll.

Mixed VAT rates on food and drink remain a common area of error. We review the treatment applied by your till system rather than assuming it was set up correctly.

How we can help

• Till and card takings reconciliation
• VAT liability on food, drink and mixed supplies
• Payroll, rotas and the treatment of tips
• Gross profit percentage monitoring and stocktakes
• Cloud bookkeeping linked to your till system
• Business rates, leases and premises costs