Menzies

MARCH 26, 2025

Menzies LLP - A leading chartered accountancy firm. Overview As we expected, todays Spring Statement brought few surprises Hospitality & Leisure sector. Hopes for cuts to announcements in the Autumn Statement, such as rise in employers national insurance, were dashed.

Hospitality

Menzies

MARCH 6, 2025

Menzies LLP - A leading chartered accountancy firm. Increasing demand for retailers Some retailers and other industries such as hospitality and leisure have been requesting the return of VAT free shopping for retailers, as since its abolition in 2020, as this has cost the economy an estimated 10.7m

Retail

Menzies

DECEMBER 23, 2024

Menzies LLP - A leading chartered accountancy firm. Manufacturers should prepare to adapt their strategies to account for potential tariffs and shifts in trade relationships. Bethan Evans | Partner Hospitality and Leisure We see the different parts of the hospitality and leisure sector having a mixed 2025.

Hospitality

Menzies

JUNE 24, 2025

Menzies LLP - A leading chartered accountancy firm. For the hospitality sector where zero hours contracts are useful for managing peaks, it would be worth reviewing staffing levels now and planning ahead to see what staffing needs may look like, and how many regular hours contracts may be offered to employees.

Hospitality

Menzies

JULY 4, 2025

Menzies LLP - A leading chartered accountancy firm. As the hospitality industry continues to recover and grow since the pandemic, adopting digital transformation has become more important than ever before. According to recent research, 66% of restaurants have adopted QR coded ordering solutions.

Hospitality

Menzies

NOVEMBER 9, 2023

Menzies LLP - A leading chartered accountancy firm. Despite gradual signs of recovery, the UK hospitality and leisure sector grapples with an array of challenges in 2023, including escalating costs, disruptions in supply chains, and persistent labour shortages.

Hospitality

Menzies

SEPTEMBER 19, 2024

Menzies LLP - A leading chartered accountancy firm. With the new Labour Government’s first budget approaching on 30 th October 2024, our Hospitality & Leisure team are looking ahead to what Keir Starmer could do to alleviate the ongoing challenges faced by the sector.

Hospitality

Menzies

FEBRUARY 14, 2024

Menzies LLP - A leading chartered accountancy firm. As we approach the Spring Budget on 6 March 2024, the UK Hospitality and Leisure sector faces ongoing challenges. UK Hospitality advocates for a 3% cap on business rates increases which would support cash flow and encourage investment.

Hospitality

Menzies

APRIL 12, 2024

Menzies LLP - A leading chartered accountancy firm. Hospitality & Leisure has arguably been the most severely hit sector over the last few years, and although the sector is showing signs of recovery, trading conditions remain challenging with high costs and ongoing labour shortages.

Hospitality

Menzies

FEBRUARY 12, 2024

Menzies LLP - A leading chartered accountancy firm. In 2023, the hospitality sector grappled with a myriad of challenges, from staff shortages and rising costs to economic uncertainty and changing customer expectations. Consumers are actively seeking businesses dedicated to sustainability and social responsibility.

Hospitality

Menzies

NOVEMBER 23, 2023

Menzies LLP - A leading chartered accountancy firm. Chris Maloney, Business Advisory Partner and Head of the Hospitality & Leisure team at Menzies LLP At a time when hospitality sector business insolvencies are rising at a rate of 66% year on year, there were high expectations for today’s Autumn Statement.

Hospitality

Menzies

AUGUST 18, 2023

Menzies LLP - A leading chartered accountancy firm. As of 1 August 2023, the government has implemented a new, ‘simpler system’ which is expected to have a significant impact on producers, consumers and the hospitality industry. What is the likely impact of the changes on the UK Hospitality Industry?

Hospitality

Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. Navigating the post-Christmas slump can pose significant challenges for businesses, especially those in the hospitality and leisure sector. As sales dip after the festive season, maintaining cash flow becomes crucial.

Hospitality

Menzies

OCTOBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. The UK hospitality and leisure sector has faced a number of challenging circumstances over recent years, which have distracted operators away from tackling the sustainability issue.

Hospitality

Menzies

FEBRUARY 2, 2024

Menzies LLP - A leading chartered accountancy firm. Many hospitality businesses do not realise that they may have inadvertently overpaid VAT during the tumultuous period of the pandemic, after the reduced rate was introduced in 2020. Are you overlooking a golden opportunity?

Hospitality

Menzies

DECEMBER 4, 2023

Menzies LLP - A leading chartered accountancy firm. As we approach the holiday season, the hospitality industry stands at a pivotal juncture this year. However, the past 12 months has seen significant changes across the hospitality landscape.

Hospitality

Menzies

MARCH 7, 2024

Menzies LLP - A leading chartered accountancy firm. An uninspiring Spring budget for Hospitality & Leisure businesses as the Chancellor fails to deliver support for the sector. Meet our Hospitality & Leisure specialists For more budget commentary click here.

Hospitality

Menzies

JULY 8, 2024

Menzies LLP - A leading chartered accountancy firm. Labour’s, Sir Keir Starmer is poised to bring numerous changes, which will lead to implications in the Hospitality and leisure sector. Labour’s, Sir Keir Starmer is poised to bring numerous changes, which will lead to implications in the Hospitality and leisure sector.

Hospitality

Menzies

NOVEMBER 24, 2023

Menzies LLP - A leading chartered accountancy firm. Overview Business Rates multipliers for small business will be frozen for another year, helping to support the hospitality and high street Increased national minimum wage impact on the cost of products and passing this on to end consumer.

Retail

Menzies

JUNE 26, 2024

Menzies LLP - A leading chartered accountancy firm. With the UK General Election taking place in just a matter of weeks on 4 July 2024 and the leading parties having released their manifestos, we have summarised below some of the main policy promises that would impact the Hospitality & Leisure sector.

Hospitality

Menzies

JUNE 26, 2024

Menzies LLP - A leading chartered accountancy firm. With the UK General Election taking place in just a matter of weeks on 4 July 2024 and the leading parties having released their manifestos, we have summarised below some of the main policy promises that would impact the Hospitality & Leisure sector.

Hospitality

Menzies

APRIL 12, 2023

Menzies LLP - A leading chartered accountancy firm. Hospitality and leisure businesses deliver experiences and the quality of those experiences will depend on the talent, skills and enthusiasm of their people.

Hospitality

Going Concern

MAY 28, 2024

The local news in Cincinnati covered this strategic move : One of Greater Cincinnati’s largest accounting firms is being acquired by an Indianapolis company. Blue Ash-based tax, advisory and audit firm Cassady Schiller CPAs & Advisors will become part of Katz, Sapper & Miller in a transaction that will be completed May 31.

audit

Menzies

FEBRUARY 1, 2024

Menzies LLP - A leading chartered accountancy firm. The construction, hospitality, and retail sectors were hit the hardest, likely due to their vulnerability to the immediate effects of economic downturns. 2023 Insolvency Statistics in a nutshell The number of overall insolvencies recorded reached a 30-year high.

Hospitality

Menzies

MARCH 17, 2023

Menzies LLP - A leading chartered accountancy firm. The struggles surrounding the Hospitality and Leisure industry are being amplified by the current cost of living crisis as well as the seemingly everlasting effects of the Coronavirus pandemic.

Hospitality

Menzies

JUNE 19, 2023

Menzies LLP - A leading chartered accountancy firm. Hospitality & Leisure Outlook According to Barclays’s 2023 Hospitality and Leisure Outlook , in 2022, many businesses in the hospitality and leisure sector reported upward of 100% growth vs 2019. Businesses are having to pay more to acquire talent.

Hospitality

Menzies

SEPTEMBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. The resulting impact on discretionary spending has led to reductions in consumer spending in the Hospitality and Leisure sector, placing extra pressure on restaurants. was written by Menzies Demi Fossitt and appeared first on Menzies LLP.

Hospitality

Menzies

SEPTEMBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. The resulting impact on discretionary spending has led to reductions in consumer spending in the Hospitality and Leisure sector, placing extra pressure on restaurants. was written by Menzies Demi Fossitt and appeared first on Menzies LLP.

Hospitality

Menzies

OCTOBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. Hospitality businesses are still carrying the scars from Covid and further pressured by rising inflation and the squeeze on consumer spending. A change in priorities and attitudes is driving new trends in sustainability strategies for restaurant kitchens.

Hospitality

Menzies

APRIL 23, 2024

Menzies LLP - A leading chartered accountancy firm. You will now have longer to prepare for a transformative shift in the hospitality industry, as new legislation is set to revolutionise tip handling from this summer. This is an issue for hospitality leaders who want staff to feel rewarded and appreciated.

Hospitality

Menzies

APRIL 4, 2024

Menzies LLP - A leading chartered accountancy firm. Prepare for a transformative shift in the hospitality industry as new legislation is set to revolutionise tip handling from this summer. This is an issue for hospitality leaders who want staff to feel rewarded and appreciated.

Hospitality

Menzies

OCTOBER 5, 2022

Menzies LLP - A leading chartered accountancy firm. The Annual Investment Allowance (AIA) gives businesses the opportunity to claim 100% capital allowances in the year of expenditure on qualifying capital assets. ANNUAL INVESTMENT ALLOWANCE PERMANENTLY SET AT £1 MILLION.

chartered accountant

Menzies

MARCH 10, 2023

Menzies LLP - A leading chartered accountancy firm. A sector that continues to be hit especially hard by these pressures is the hospitality sector. HMRC struggle to recruit staff However, it is not just the hospitality sector that has been feeling the strain due to lack of labour.

Hospitality

Menzies

MAY 12, 2022

Menzies LLP - A leading chartered accountancy firm. The recent reinstatement of a 20% VAT rate is likely to cause severe financial difficulty for many hospitality and leisure (H&L) businesses at a time when costs are rising and many enterprises are still recovering from COVID lockdowns and restrictions.

Hospitality

Menzies

AUGUST 5, 2022

Menzies LLP - A leading chartered accountancy firm. Harper Asprey Wildlife Rescue is an emergency wildlife hospital, it is a registered wildlife charity that works 24/7, 365 days a year. This year’s theme was ‘Making A Difference Together.’ A total of £2,477 raised – well done to everyone!

chartered accountant

Menzies

FEBRUARY 9, 2023

Menzies LLP - A leading chartered accountancy firm. Better-than-expected sales statistics from retailers and hospitality & leisure operators collected since the start of the festive period, and the announcement that the UK economy grew by 0.1

Hospitality

Menzies

FEBRUARY 5, 2023

Menzies LLP - A leading chartered accountancy firm. Menzies advised beer and real ale specialists Citra Partners, alongside an investor consortium, on their investment in award-winning brewery, Woodforde’s, providing financial due diligence and transaction support advice.

chartered accountant