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Hotels and Guesthouses Accounting Services

Accommodation

Accommodation providers face many challenges due to the changes in consumer demand and holiday habits, therefore maintaining and increasing occupancy, recruiting staff and revitalising the servies offered to guests is a constant focus. Larger Hotels and Guesthouses understand the need to provide a greater range of services to guests in order to give an exceptional experience.

Our team of experts at Armstrong Watson understand the unique challenges faced and are already helping a large number of clients in the sector. We can help you raise finance for capital expansion, strategic advice, growing revenues and profits, whilst giving you all the operational support that you require.

VAT

VAT can be a complex area in the most simple business, but add hot and cold food, luxury goods and takeaway food into the mix and VAT in the hospitality sector becomes a minefield. We can help you make sense of the complexities and ensure systems are in place to ensure you remain compliant and take advantage of any reliefs available.

Expansion & Exit

If you are thinking of expanding your business, our experienced team can support you through identifying acquisitions and raising fiance to ensure you have the most tax efficient structure in place, whilst integrating operations into your existing business.

Inheritance Tax (IHT)

The structure in which a hotel or property is owned will impact on various taxes if ownership changes. We help our clients reduce exposure to inheritance tax through careful planning, preserving their wealth for future generations.

Capital Gains Tax (CGT)

Though careful planning and disposal of assets, Armstrong Watson's tax consultants can help substantially reduce your Capital Gains Tax liability

Exit Planning

We will help you reduce the tax on a sale of property and can support you through the whole process, from identifying a buyer, maximising the value of your business and guiding you through to completion.

Call NOW to speak to one of our Accountants

Call: 0808 144 5575

What our clients say

Tony Bullock and his team have been our accountants since 2018, and during that time we have built a close working relationship. They have an excellent understanding of both our business and the leisure and tourism sector in general.

As a micro business, bookkeeping falls to our small management team. Tony helps to ensure that we adopt best practice, and that our tax position is optimised.

It is never too much trouble for Tony to work through our concerns with us, and he is always prepared to clearly explain things. We are very comfortable dealing with Tony and his team and look forward to dealing further with them in the future.

 

Alastair Hunter, Managing Director, Brown Rigg Lodges & Guest Rooms

Having recently just purchased a Guest House in the Lake District, I felt the need to put into words the help Richard Andrew of Armstrong Watson gave us to choose, decide and complete the purchase. From the very start of viewing properties, Richard was on hand giving us professional and impartial advice until completion, including matters of accounting and contracts. This made the process so much more un-daunting having someone you could trust every step of the way. Since purchasing, we have already had an on-site visit from Richard who is now guiding us the right direction again by implementing the xero accounting package to the business and again simplifying and lessening the pressures of owning and running your own business. We would have no hesitation in recommending Armstrong Watson and especially Richard in the future. Once again thankyou.

Mark & Marie Pape, Seven Oaks Guest House

Discussing matters of succession planning with family members is a challenging but necessary process if you wish to try and minimise inheritance tax. In recent years, with the help of Helen Thornley and the rest of the team at Armstrong Watson, we have been able to take proactive steps to manage our family’s affairs to the point where we are now confident about the future.

Charles Lowther, Owner, Askham Hall

Our business has been supported by Armstrong Watson since opening over seven years ago. We know that we can pick up the phone and our queries will be dealt with in a professional but friendly manner. When it comes to our tax affairs they are always on hand to advise us proactively and deal with HM Revenue & Customs so that we don’t have to!

Lakeview Guest House

Running a guest house on the Isle of Islay in Scotland with turnover rising from £60k to £110k we were looking for an accounting system that would help to make our working life a little bit easier and that is exactly what Xero has done for us. 

Grant Smith and the staff at Armstrong Watson were so patient explaining how the system worked and how it could benefit our business. Within a few days it felt that we had always used it. It is actually a joy completing the VAT return as with everything in the one place to do this and staff at Armstrong Watson always happy to help with any queries that arise.
 

Andrew and Alison Jackson, Owners, The Bowmore House

Key contact

Glenn Clifford-Perkins , Accounting Partner

Glenn Clifford-Perkins

Accounting Partner

Call: 01768 222030

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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

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Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.