Specialist Hospitality Accountants for Restaurant, Cafe, Bar and Hotel
In the hospitality and leisure industry, managing finances can be challenging and complex. Seasonal fluctuations, inventory costs, and payroll for a diverse team all require expert handling to ensure compliance and financial health. To truly thrive, hospitality businesses need more than just accounting – they need a trusted partner.
At MH Services, we offer affordable, specialized accounting for the hospitality sector. Whether you operate a cafe, bar, hotel, or restaurant, we understand your unique needs. As your trusted advisor and financial partner, we help you optimize cash flow, control expenses, & make strategic decisions to drive growth.
Client Focused & Expert Hospitality Accounting
We Will Increase Your Cashflow
We improve cash flow by optimizing expenses and managing costs. Our experienced restaurant accountants will identify areas where financial efficiency can be enhanced, ensuring your business runs smoothly & profitably.
Expertise in the Hospitality Industry
With tailored accounting for cafes, bars, hotels and restaurants, we simplify your finances and ensure compliance. We provide specialized insights that can lead to significant financial opportunities and solutions.
We Tackle Your Accountancy
From bookkeeping to corporate finance, we provide bespoke accounting services. Let us handle the numbers so you can focus on delivering exceptional experiences to your guests. Reach out for tax advice and guidance.
Supporting Hospitality Businesses with Expert Team
=> Tax Return for hospitality from £199/year
We specialize in tax returns for restaurants, cafes, hotels, and bars, ensuring you claim every eligible deduction and relief. We know the ins and outs of seasonal income, inventory costs, and industry-specific expenses, so your taxes are always accurate and timely.
Let us take care of the details, reducing your tax liability and keeping you compliant with HMRC – giving you peace of mind and more time to focus on your business.
Benefits of working with us:
- – Maximized tax relief and deductions tailored to hospitality
- – Timely, accurate filing to avoid penalties
- – In-depth knowledge of hospitality-specific tax rules
- – Hassle-free handling of diverse and seasonal income sources
=> Self Assessment for restaurants from £149
Self-assessment can be tricky, especially in the hospitality sector, where fluctuating income and variable costs add complexity. From start to finish, we take care of the entire process, ensuring your finances are fully optimized.
Our team identifies every allowable expense, minimizes your tax liability, and submits everything to HMRC on your behalf. With us, self-assessment becomes stress-free, letting you focus on what you do best: running your business.
Benefits of working with us:
- – Timely filing to avoid late penalties
- – Expert identification of all hospitality-related expenses
- – Easy, stress-free submission and HMRC communication
- – Comprehensive management of seasonal income and expenses
=> Bookkeeping for bars from £299/year
Staying on top of finances in hospitality is essential – and our specialized bookkeeping services are here to make it easy. We provide tailored solutions for cafes, bars, hotels, and restaurants, managing your daily income and expenses seamlessly.
With our support, your books stay accurate and up-to-date, helping you avoid last-minute stress and make well-informed decisions. Leave the numbers to us so you can focus on your customers.
Benefits of working with us:
- – Real-time tracking of income and expenses
- – Smooth tax preparation with no last-minute stress
- – Clear financial insights for smarter business choices
- – Streamlined record-keeping that simplifies tax filings
=> Payroll for hotels from £229/year
Payroll services can be complex with a mix of full-time, part-time, and seasonal staff. We take the hassle out of payroll, ensuring accurate, on-time payments for all employees, regardless of your team size.
From PAYE and National Insurance contributions to pension schemes, our accountancy firm can handle everything, giving you the flexibility to scale payroll as your business grows.
Benefits of working with us:
- – Reliable, timely payments for all staff
- – Full compliance with UK employment laws
- – Easy payroll management for businesses of any size
- – Accurate processing of PAYE, NI, and pensions
=> VAT Registration for cafes from £99
If your pub, club or venue has hit the VAT threshold or you want to register voluntarily, our accountants for hospitality are here to guide you through every step.
We’ll handle the VAT registration process and ongoing VAT returns, selecting the best VAT scheme for your business needs. With us, VAT becomes straightforward, letting you stay compliant and focused on business growth.
Benefits of working with us:
- – Expert guidance on VAT registration timing
- – Smooth, stress-free VAT setup
- – Tailored VAT strategies for tax efficiency
- – Ongoing management of VAT returns and deadlines
Review Our Hospitality Accountants
Mike has been our dedicated accountant in Manchester for 10 years. Answers any question, super reliable & efficient as well as genuinely friendly payroll service. Highly recommended for tax efficiency to any sole trader.
The bookkeeping services we received are fantastic. We had some issues in the past and needed help as my limited company has grown. Very patient & responsive accountants & client managers. Recommend their services
Mike has done wonders and sorted our bank account, payroll and I wanted to let you know I really appreciate all you’ve done at such short notice. Everything is up to date and I received the best accounting services in Manchester and a client manager.
If you need to grow and need a high level of service, I can strongly recommend using MH Services for accounting needs to subcontractors. Great accountancy, tax planning. All HMRC refunds are taken care of for such a low fee.
Mike has been sorting out my accounts for some years now; his accounting expertise and knowledge of the tourism industry are incredible. Highly recommend for accountancy service registered in England.
I’m a small business owner and have worked with Mike’s tax advisors in central London for many years. He’s been extremely helpful, easy to work with and flexible. Recommended for making tax digital and accounting records.
I’ve been using MHS for a few years now. Helpful and always at the end of the phone for catch-ups. Recommending for sole traders that own business and have various business needs and complex tax.
Mike has been my local London accountant for over 10 years and I have referred many of my friends and colleagues to him. He is an expert accountant for running a small business with reliable services.
High-class taxation assistance with a down-to-earth approach. I’ve always found Mike to be an incredibly knowledgeable, helpful and professional accountant near me for running a business. Would highly recommend him.
FAQ - Challenges in the Hospitality Sector
What is a hospitality accountant?
A hospitality accountant specializes in managing the financial aspects of businesses within the hospitality sector, such as restaurants, hotels, cafes, and bars. They handle industry-specific needs like cash flow management, payroll, VAT compliance, and seasonal income fluctuations, providing insights that help optimize profitability and ensure compliance with HMRC regulations.
What software do accountants use?
Accountants use various software tools to manage finances efficiently. In the UK, popular choices include QuickBooks, Xero and Sage, which offer features like payroll processing, VAT submissions, and real-time financial tracking. Many accountants also use specialized software to manage hospitality-specific needs, such as inventory tracking and revenue management.
Do accountants handle bookkeeping?
Yes, many accountants offer bookkeeping services as part of their package, especially for small and medium-sized businesses. Bookkeeping involves recording daily financial transactions, tracking income and expenses, and maintaining accurate records. This forms the foundation for more advanced financial analysis, reporting, and tax filing.
What is the best accounting software for hospitality industry?
For hospitality businesses, software like Xero and QuickBooks are popular due to their ease of use, flexibility, and integration options. These platforms support VAT submissions, inventory tracking, and payroll, making them ideal for the hospitality industry’s unique demands. Xero is particularly noted for its hospitality-specific add-ons, such as restaurant POS and booking system integrations.
What is the difference between a bookkeeper and an accountant?
A bookkeeper primarily records daily transactions, manages invoices, and tracks income and expenses, ensuring accurate financial records. An accountant, on the other hand, analyzes this information to provide strategic insights, prepare financial reports, file taxes, and ensure compliance. While bookkeepers focus on maintaining records, accountants offer broader financial guidance and planning.
Get in touch for support & hospitality accounting!
Imperial Court, 2 Exchange Quay, M5 3EB
25 Wilton Road, Victoria, SW1V 1LW
mhservices@mail.com
+44 7969 625797