article thumbnail

How to Manage the Hospital Cash on Hand Crisis

Withum

hospitals and health systems dipped to a 10-year low. Cash on hand is essential for hospitals and health systems’ long-term success, as it is vital for investment in new or the maintenance of specialized equipment that can generate higher revenues. While the upper half of U.S.-based

article thumbnail

Autumn Budget 2024: Hospitality & Leisure Predictions & Wish List

Menzies

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. Menzies LLP - A leading chartered accountancy firm.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HOSPITALITY & LEISURE SECTOR CHALLENGES

Menzies

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. Menzies LLP - A leading chartered accountancy firm.

article thumbnail

Lena Combs Inducted into the International Society of Hospitality Consultants

Withum

Withum is thrilled to share that Lena Combs, Partner and Practice Leader of Withum’s Hospitality Services Practice, has been inducted into the International Society of Hospitality Consultants (ISHC). ISHC is the leading source of global hospitality expertise. Read the entire list of ISHC inductees.

article thumbnail

Autumn Budget: Hospitality & Leisure Wishlist

Menzies

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 VAT Rate: The second crucial plea is for a comprehensive review and reform of the VAT rate governing hospitality services.

article thumbnail

Overcoming challenges in the hospitality sector with ESG

Menzies

In 2023, the hospitality sector grappled with a myriad of challenges, from staff shortages and rising costs to economic uncertainty and changing customer expectations. Rising costs: Businesses in the hospitality sector are confronted with mounting costs for food, energy, and labour. Menzies LLP - A leading chartered accountancy firm.

article thumbnail

Hospitality & Leisure: Spring Budget 2024 Predictions & Wish list

Menzies

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. Menzies LLP - A leading chartered accountancy firm.