Hospitality and leisure businesses

Our team is made up of people who have been in your shoes, owning and working within hospitality businesses, so we understand the challenges you face. We can help you overcome some of the biggest hurdles within the sector.

Employment – Staff recruitment and retention

Employment is currently the most challenging issue facing businesses we talk to within the sector. Your struggles to recruit and retain staff in a constantly changing environment has made staying on top of compliance ever more difficult, and this filters down to your teams making it harder to motivate and incentivise them. 

We’re helping businesses like yours make this a thing of the past, supporting with HR strategy, recruitment and resourcing, and policies and procedures. Our joined-up team allows us to look outside of the box, where other businesses can’t, such as introducing an independent tronc that is bespoke and tailored to assist you in retaining and incentivising employees.

VAT, tax, compliance and time

We support businesses like yours with a partial or fully outsourced tax function, ensuring you remain compliant. And when we communicate, we make the VAT and tax rules easy for you to understand. Which saves you time to focus on the day to day running of your business.

Raising finance

Due to the current climate, many businesses have been forced to increase debt. And while your first port of call may be a bank, there are other ways to raise finance. It’s worth considering venture debt providers who are often more flexible in meeting your borrowing requirements and the debt structure, and we can help you find the right lender on the best terms. Alternatively, if your business is innovating, such as a new plant-based menu, you could be eligible for an R&D cash payment from HMRC.

How we can help

You can benefit from a full range of joined-up services:

Audit and assurance - We audit businesses like yours across the UK and globally, so we bring plenty of relevant experience to help everything run smoothly. And our people tend to stay with us, so you’ll often see familiar faces whose understanding of your situation grows every year.

Bookkeeping and accounts – If you’re looking to outsource, we provide a solution tailored to your preferences that ensures the figures are presented promptly and comprehensively, with clear indications of the current position of your business.

Corporate finance – Our corporate finance team works with businesses valued between 10m - £100m to build, maximise and realise value throughout their growth journey. From fundraising, valuations and buy-side assistance to exit planning, disposals and due diligence, we can help you.

HR consultancy - Our HR services are designed to scale up to meet your needs exactly. Whether you need to create a best practice HR strategy, or find fitting ways to nurture your people, our support means you will not have to worry about smashing any crockery.

Payroll – We manage around 300 payrolls, for organisations ranging from one to 400 employees, so we can support you no matter your size. Make your entire payroll process painless.

R&D tax credits – Any restaurant, bar or hotel can qualify for R&D tax relief through revolutionary designs or developments, such as a new plant-based menu. Don’t miss out on a possible cash payment from HMRC.

Tax planning and advice – Roughly half our business is tax based. Our across-the-board experience means we can put together a tax strategy that perfectly suits the needs of your organisation, employees and shareholders – and the tax authorities.

Tips, troncs and minimum wage – Looking for a way to ethically share tips among your staff that is compliant with the Employment (Allocation of Tips) Bill? We help businesses like you fairly manage tips through independently run tronc schemes, saving both you and your staff money via exempt National Insurance Contributions. 

VAT consultancy – For every drink, meal or hotel room sold, your business will be liable for VAT. Managing VAT risk is a major component of good business practice and our experienced VAT team provides clear, concise and commercial advice to help you unravel the complexities.

Why choose Buzzacott?

We define ourselves by the needs of our clients, large and small, and work hard to build and maintain relationships that are personal, collaborative, and enduring – to be a partner you can trust. We also know how a good service partner can allow you to focus on the day-to-day running of your business, which is why nearly 500 of us work co-operatively under one roof to tailor-make solutions for you. 

We have an extensive portfolio of hospitality clients, from small bars and cafes to large restaurants, hotels, and casinos chains. By working with Buzzacott, you will benefit from our experience of working with an array of different businesses but also through the conversations we have with others in the hospitality and leisure sector.

Get in touch

Call us today on +44 (0)20 7556 1200 or email enquiries@buzzacott.co.uk. Alternatively, fill in the form below and a member of our team will be in touch.