Taxation
Hospital parking is a VAT exempt supply
The CA has found in favour of the taxpayer, an NHS Foundation Trust, ruling that the supply of car parking at hospital sites is a
June 2, 2024
Accountancy and strategic business advice for Hospitality, Leisure & Tourism
Our leisure, hospitality and travel group act for bars, restaurants, pubs and travel businesses from start-ups to substantial private companies. We provide a whole range of accounting services including business advice, audit, tax and corporate finance.
We have developed a deep understanding of the complexities, pitfalls and issues businesses in the industry face, which enables us to offer practical, realistic advice and share areas of best practice to help our leisure, hospitality and travel clients succeed.
We offer practical, commercial advice, taking into account the legislative and statutory position as well as the operational and practical issues.
Holiday Parks, Caravan & Lodge Parks
Our diverse range of clients across the hospitality and tourism sector, including bed and breakfasts, hotels, restaurants, holiday parks and caravan parks.
We have a team of specialist accountants and business advisers who can help you to make key decisions, helping you with everything from strategic advice, business plans and corporate finance through to annual accounts, book keeping and Payroll services.
With more brits than ever choosing a staycation rather than holidaying oversees UK holiday parks have enjoyed bumper profits over the last few years. However, with potential economic changes ahead in the form of increased interest rates and a strengthening pound, the growth rate of holiday parks could be affected. It is therefore vital that investment in the parks is maintained so that parks can continue to offer exceptional facilities and provide that great holiday experience which rivals international resorts.
Our Holiday Parks Services include:
VAT
We can help you to understand how you can remain compliant, whilst ensuring your business is structured correctly to benefit from any reliefs.
We make sense of this complex area of tax so that you don’t have to worry about the differing VAT rates.
INHERITANCE TAX (IHT)
We help our clients reduce exposure to inheritance tax through careful planning, preserving their wealth for future generations.
CAPITAL GAINS TAX (CGT)
Though careful planning and disposal of assets, We can help substantially reduce your Capital Gains Tax liability
EXIT PLANNING
We will help you prepare your park for sale supporting you through the whole process, from identifying a buyer, maximising the value of your business and guiding you through to completion.
ASSET PROTECTION
A camping or lodge park is a substantial asset and we help our clients protect these assets through expert guidance and careful planning.
ACCOUNTING SOFTWARE
Choosing the right software and technology, we know is key to making sure your accounting processes are streamlined and efficient, and that time spent capturing relevant management information is reduced, freeing up more of your time to focus on your business strategy and objectives.
PAYROLL
Providing services for more than 1500 employers, our qualified and dedicated payroll team fully understand the specific payroll issues faced by this industry, including seasonal workers, foreign workers, live-in allowances, Auto Enrolment and the National Living Wage giving you the assurance that we can help you.
Read some of our latest news
Taxation
Imprisonment was not a reasonable excuse
The FTT has rejected an appeal on non-declaration of rental income from a taxpayer who had been imprisoned, finding that a reasonable person would have
May 25, 2024
Business funding
Business Loans in strategic investments & financial stability
Strategic investments help make long-term growth and operational resilience a reality. Whether you need to upgrade technology, acquire new assets like property or machinery, quickly increase
April 25, 2024