Heighten Hospitality Accountants
Award winning accountants and tax advisors to multi-site hospitality and food chain businesses. Elevate Your Hospitality Business with our Expert Back Office Finance Solutions.
Our Services Include
Elevate your hospitality business with Heighten Hospitality Accountants, specialists in tailored accounting, back office finance, tax, and advisory services across the UK. We understand the pivotal role of cashflow management and cost control in the hospitality sector, ensuring your business remains financially resilient. Our comprehensive packages include detailed management accounts, empowering you to track performance and mitigate risks effectively.
In the fiercely competitive hospitality landscape, we understand that your focus should be on quality of services, customer satisfaction, and staff training. With our expert accounting support, provided by seasoned accountants, you can trust that your financial affairs are in capable hands. Our hands-on approach includes monthly face-to-face consultations, offering personalised insights to optimise your hospitality business operations.
Bookkeeping
- Processing Sales data
- Processing Purchase Invoices
- Processing Staff Expenses
- Dealing with all supplier correspondence
- Daily reconciliation of bank accounts and credit cards
- Nominal coding structure
- Expense Management
- Monthly Payment runs
- Approval Protocol for Invoices
Management Accounts
- Live dashboards for GMs
- Monthly Management Accounts Pack
- Weekly balance sheet reconciliations
- Budgeting and Forecasting
- Cash Flow Management
- Annual budget setting
- Audit Support
Payroll
- Payroll Scheme set up
- Routine payroll processing
- HMRC Year End Reporting & submission
- Process starters & leavers
- Generating payslips and distributing to staff via email.
- Pension management
- PAYE monthly payment to HMRC
- Preparation & filing of P11D returns
Compliance
- VAT returns produced, filed and paid to HMRC
- Companies House Reporting & Secretarial Services
- Registered Office Service
- Company Statutory Accounts & Corporation Tax returns
- Confirmation Statement
- Changes in shareholdings
- Company Formation
- HMRC Investigations Support
- Personal Tax Return
- Tax Saving Advice
Additional Services
Additional Hospitality Sector Partners Support Services:
- Interim Finance Director
- Business Tax Advisory
- Wealth Management
- Real Estate and Property Tax
- Hospitality Insolvency Service
- POS System
- Investment Fund Raising
- Business Sales
- Company Restructuring
- Hospitality Audit
Frequency of Our Services
Here’s a glimpse of our service offering
Our dedicated team proactively go the extra mile to maximise your financial outcomes. We don’t believe in a one-size-fits-all approach; we craft a customised package tailored to benefit your unique business needs.
Daily
Invoice processing
Liaising with your suppliers
Reconciling bank accounts
Handling POs and invoice approvals
Weekly
Payments to suppliers
Payroll
Cash and card income reconciliations
Balance sheet reconciliations
Monthly
Payments to suppliers
Staff expenses reimbursement
Management accounts pack
Balance Payroll and pension processing, payslip creation and payments reconciliations
QUARTERLY
Cashflow forecasting
VAT returns produced and filed with HMRC
High-level business review (including detailed cost review)
Yearly
Budget setting
Annual statuary accounts
Filing of Confirmation Statement with Companies House
Corporation Tax returns
Audit pack for year-end accounts
How it Works
Schedule a Call:
We’ll discuss your specific needs, and how we can assist you. Choose from visiting our offices, a video call, or we can come to you for convenience.
Get a Custom Plan:
We’ll discuss our bespoke proposal and send you a summary outlining our initial meeting, recommendations, and a fixed fee based on value. This ensures clarity and transparency about your investment with us.
Achieve your desired business Success:
Your dedicated qualified accounts manager will handle all your accounting needs, and liaise with your site managers and finance team, promptly to ensure you receive accurate information on time.
Our Hospitality Pricing
Welcome to Heighten Hospitality Accountants! At Heighten, we understand that your hospitality business needs are unique, which is why we tailor bespoke proposals with fixed fees. No one-size-fits-all approach here – just solutions designed specifically for your business.
Ready to experience personalised accounting services?
Complete our quick online quotation questionnaire by clicking the “Quick Quote” link below. It takes about 7 minutes on average. Once received, we’ll review it and get back to you promptly with a quick quote. No commitments or ties attached. Let’s find the perfect solution for you!
Benefits of outsourcing the finance function for a hospitality business:
- Expertise: Access to specialised knowledge and expertise in hospitality accounting, ensuring accurate and compliant financial management.
- Cost Savings: Reduction of overhead costs associated with maintaining an in-house finance team, including salaries, benefits, and training expenses.
- Scalability: Ability to scale financial operations efficiently to accommodate business growth without the need for significant internal restructuring.
- Focus on Core Operations: Allows the business to focus on core operations and strategic initiatives, rather than diverting resources to non-core functions like accounting.
- Risk Management: Mitigation of financial risks through adherence to industry regulations and best practices, reducing the likelihood of errors or compliance issues.
Why choose Heighten Hospitality Accountants:
- Specialisation: Heighten Hospitality Accountants specialise in catering to the unique needs of the hospitality industry, offering tailored solutions that address industry-specific challenges and opportunities.
- Experience: With extensive experience in hospitality accounting, Heighten Hospitality Accountants bring a deep understanding of the sector, ensuring comprehensive and effective financial management.
- Customised Services: We provide personalised and flexible services to meet their specific needs. As a part of the Heighten Accountants Group, you gain access to specialized assistance in areas including Corporation tax, VAT, International tax issues, Overseas employees, and Tax investigations.
- Scalability: Heighten Hospitality Accountants understand the scalability requirements of hospitality businesses and offer solutions that can adapt and grow alongside your business, ensuring seamless support for expansion and development.
- Reliability: With a reputation for reliability and professionalism, Heighten Hospitality Accountants offer peace of mind, knowing that financial operations are in capable hands, allowing you to focus on running your businesses effectively.
Our outstanding finance and accounting team is consistently at your service, championing your interests every step of the way. With a deep understanding of the dynamics within your hospitality business, we are dedicated to ensuring your success. We provide a flexible, bespoke suite of services delivered by meticulously chosen individuals within our team. Saving you Money, Time and Stress – Time is money. Delegate a part of your finance function, or in its entirety in confidence, but still retain fingertip control and save money.
Hospitality Insights
Explore our most recent resources and thought leadership.
Hospitality Budgeting and Forecasting: Best Practices for Maximising Profitability
December 24, 2024In the hospitality industry, effective budgeting and forecasting are critical factors in its success and sustainability. Hotels, resorts, and restaurants operate in a dynamic environment where demand fluctuates due to seasonality, economic conditions, and consumer trends.
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Financial Audits in Hospitality: Best Practices for a Stress-Free Process
December 13, 2024In any organisation, financial audits are used to thoroughly examine such organisation’s financial records to verify their accuracy and compliance with legal and regulatory standards.
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Tax Relief for the Hospitality Industry in the UK
October 23, 2024The hospitality industry plays a critical role in the UK economy, contributing billions of pounds and employing millions of people. With the sector encompassing hotels, restaurants, pubs, and catering businesses, tax relief can be a vital financial lifeline. However, navigating the complexities of the UK tax system can be challenging. It’s crucial for hospitality businesses […]
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Navigating the Hospitality Industry’s Financial Regulations
September 10, 2024The hospitality industry is a dynamic sector, but it comes with its own set of financial regulations that businesses must navigate. Adhering to these regulations is not just a legal requirement but also a key factor in ensuring long-term financial stability and success.
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Hospitality VAT: Best Practices for Compliance and Savings
August 20, 2024Value Added Tax (VAT) is a significant aspect of financial management in the hospitality industry, affecting everything from pricing strategies to cash flow management. In the hospitality sector, which includes businesses such as restaurants, hotels, and cafes, VAT compliance is not just a regulatory obligation but also a critical factor in maintaining profitability.
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The Ultimate Guide to Restaurant Accounting
June 13, 2024Effective accounting is crucial in the restaurant industry, where profit margins are often thin, and financial management can make or break a business. Restaurant owners must understand the financial health of their establishment to ensure long-term success and sustainability.
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