Restaurants, pubs & bars

This sector has faced mounting pressure in recent months, from the negative press surrounding restaurant chains pocketing staff tips, through to the increase in the minimum wage.

We understand that whether managing gourmet or fast-food restaurants, a pub or bar, the success of these businesses depends on their ability to meet their target customers’ needs, while running their operations as efficiently as possible.

Our specialist team provides the typical audit and accountancy services you would expect of a firm of our size, in addition to:

VAT-compliance

The catering industry faces close scrutiny in the way it controls the collection of VAT. Businesses in this industry should review their VAT accounting system regularly. We help, by conducting simulated review visits, to provide reassurance that procedures are operating properly and meet regulatory requirements.

Given the numerous different VAT rates and complex rules with which the catering industry has to comply, our specialist team can also advise and review the VAT rates being used by the business, to ensure VAT is only being charged where necessary, and all available VAT is being reclaimed.

PAYE-compliance

With the ever-increasing administration burden and regulation on employers, you will need to be confident that you continue to comply with PAYE, UIF and other employment regulatory requirements. The restaurant industry is particularly vulnerable to non-compliance risks, with high staff turnover and regular use of non-resident employees.
 
Our Employer Support group specialises in PAYE and UIF compliance, carrying out regular health-checks on clients’ procedures.

Corporate finance

Our team is able to work alongside your management and finance teams, to support your projects and future planning. We can provide assistance in areas such as fund-raising and shareholder exit planning.