What’s impacting Hospitality & Leisure?
Previous years were obviously challenging for the Hospitality and Leisure sector, forcing many companies into unprecedented situations. However, since the recent gradual relaxation in restrictions, trading appears to be getting back to more normal levels which hopefully will continue to improve so your sector flourishes going forward.
As we all know, the Hospitality and Leisure sector has had its challenges over the past few years mainly due to the Pandemic. With this now behind the businesses, it was thought that the sector should thrive going forward, however, as a result of a lack of staff resources, rising energy prices and the increasing cost of living, the sector still continues to face challenges.
Whilst 2023 will not be easy, our ‘Survival of the Staffed’ guide, offers practical guidance about how to build a winning employer brand, which is attractive to skilled workers and new entrants looking for a rewarding career path to help negotiate through the current headwinds.
READ OUR ‘SURVIVAL OF THE STAFFED’ HOSPITALITY & LEISURE GUIDE
Hospitality and Leisure sector advice services
We advise hotels, pubs, clubs and leisure operators, as well as a number of sector-dependent clients. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.
A guide for restaurant entrepreneurs
Chris Maloney – Hospitality & Leisure sector specialist
Good news is hard to come by in the UK’s restaurant sector at the moment, but here’s some – consumers are spending more on leisure and restaurants than ever before.
This situation begs a number of questions. With consumer spending in these areas on the rise, why are so many restaurant businesses in the UK struggling? And what can they do to avoid this?
HOW WE’RE HELPING THE HOSPITALITY & LEISURE SECTOR
Global Events Specialists – VAT Assistance
We provided VAT assistance to a UK member of a worldwide group of companies who specialise in the provision of crew and audio visual equipment for global events. As a result, the company secured a VAT repayment and has been able to reduce time spent processing cross border transactions by two days per quarter.
Health and Fitness Brand Specialists – R&D Tax Relief
Menzies assisted a company which focus on digital branding and business development for fitness and social influencers by guiding them through the R&D tax relief claim process for their ongoing development work of their digital marketing platform and associated application to aid the constantly changing online fitness industry. This included analysing and preparing the various costs and technical information alongside the structuring and layout of the report to highlight the innovative nature of the company’s projects. This resulted in multiple successful R&D claims, generating additional cash flow for the business.