Expert Tourism, Leisure & Hospitality Accountants

Stephenson Smart has been providing accountancy services to the tourism, hospitality, and leisure sector in East Anglia for over 100 years.

Our clients include pubs, restaurants, hotels, large leisure businesses, and tourist attractions. Our experienced and qualified accountants and business advisors understand the challenges and needs of this sector. With advisors across Norfolk and Cambridgeshire, we are perfectly placed to be your preferred tourism, leisure, and hospitality accountants.

We are fortunate to support clients in many businesses in your sector; from those starting out, to large, established organisations. We want to support you to help ease your administrative burdens, so that you can concentrate on managing and developing your business. We also understand that your sector is constantly changing and expanding; we can help you with tax planning, preparing budgets, and producing business plans to help you on your journey.

We can tailor our support to your specific requirements to help you to grow and expand.

The benefits of using an accountant:

  • Saving you time to focus on running your business.
  • Specialist knowledge to ensure accurate reporting.
  • Expert advice on tax planning and compliance.
  • Accurate and informed business advice.
Tourism, Leisure & Hospitality

The accountancy service we provide is:

PROFESSIONAL

Our teams are fully qualified and experienced in your sector, to provide you with an efficient and personal service.

COMPLIANT

As chartered accountants we are aware of your obligations to HMRC and qualified to ensure they are fulfilled.

SUPPORTIVE

The advice and support we can offer you and your business will give you the peace of mind to allow you to concentrate on your profession.

As part of our accountancy service, we can provide:

  • Full accountancy service, including end of year financial statements.
  • Tax planning.
  • Accurate and timely bookkeeping.
  • Accurate and timely payroll.
  • VAT advice and support.

We are members of the Institute of Chartered Accountants, making us fully qualified to be your trusted business accountant.

We can look after some of the administrative tasks that have to be done, such as payroll and bookkeeping, leaving you time to focus on the developing and managing your business. We can also help you to plan for growth, into new locations or new areas of tourism, leisure, or hospitality.

From pubs to large leisure organisations, we can help you to run as an efficient, profitable enterprise, so that the future of your business is assured.

FAQS

To ensure that your business is undertaking the correct reporting, especially to HMRC, it is beneficial to employ the services of an accountant. We can also help with administrative tasks such as bookkeeping and payroll, to ease that burden from you and make sure you meet minimum wage requirements. Your business will no doubt be seasonal, and we can assist you to prepare cashflow forecasts to make sure you will have sufficient funds to see you through the quieter periods.
The business structure will mostly be influenced by the size and type of enterprise. You could be a sole trader, partnership, or limited company. We can advise you on the best structure for your business, depending on the expected profits and liabilities, we would also take into consideration how many sites you have and whether this operation is part of a wider group.

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