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Pub Accountants/Licensed Trade Accountants
We are specialist licensed trade Accountants in London. Running a pub is not the same, as it used to be, it has become a lot harder. Old model of drinking and socialising is changing. A pub needs to be a happening place now to attract and retain customers. Drink sales are down but food sales are going up. We serve our clients in some of the following ways:-
Accounting, Bookkeeping & Tax are the core services that we do for clients. From setting up the Accounting structure on a cloud based platform, integrating with Epos, setting up document scanning facility to making capital allowances claim from HMRC, tax efficient profit extraction, we do everything from start to finish.
Cash flow management is absolutely vital for all pub businesses. We make sure, our client’s business is never short of cash, to pay its bills. We use cloud based applications such as Fluidly for cashflow projections and planning plus we update cash position every day/week/month.
Correct VAT treatment of food/drink items. For example, there are different VAT rates of hot and cold items, eat in or take away.
Compliance with various laws for payroll such as setting up HMRC approved Tronc scheme, calculating holiday pay for zero hour contract employees, auto–enrolment, minimum wage, etc.
Arranging finance to grow the business. We have a network of investors, who are always keen to invest in a sound project. Other than that, we have got contacts with major lenders who invest in licensed trade businesses. Also assist in getting Asset Finance.
Comparing the key performance indicators (KPI’s) such as sales, salaries, repairs, operating profit with the benchmarks set by British Beer and Pub Association (BBPA) every week/month. Being pub accountants, we are always upto date with the latest happenings in the sector.
Inventory valuation on a weekly or monthly basis. This is done to avoid too much or too little supply.
Epos setup with useful reports and analysis. Linking with accounting software so that it automatically reconciles sales and bank deposits.
Business valuation, if you are looking to buy/sell a business. Being specialist licensed trade accountants, we also do due diligence of the business you are looking to buy.
Premises Audit, to get a review of operational performance including customer satisfaction, efficient utilisation of resources.
How to proceed further?
To setup a no obligation consultation/meeting with one of our experienced Pub Accountants, just click the button below, give your details or simply give us a call and one of our colleague will be in touch with you very soon.