Food, Beverage and Hospitality

Targeted Accountancy Assistance for Businesses in the UK Food and Hospitality Sector

Companies trading in the hospitality space often manage complexities such as ever-changing regulations, variances in import duties, and evolving taxation and restrictions on the retail of items such as alcoholic drinks – making precise budgeting and clarity over financial performance essential to success.

James Todd & Co’s accomplished accountants, tax specialists, and advisers work long-term with businesses ranging from bars and restaurants to cafes and delis, commercial and private catering providers, and organisations with more complex trading structures, such as franchises and those operating within hotels and similar environments.

Our accounting advisers can assist with various areas, from arranging internal and statutory audits to support with business continuity planning and expansion strategies, helping with decision-making when a business is presented with multiple opportunities and risks that require professional analysis.

Key Financial and Accounting Services for Food and Hospitality Businesses

Many companies we liaise with assume that an accounting provider is primarily involved in year-end accounts creation and accounting for liabilities such as VAT and corporation tax. However, the scope of knowledge within our specialist team goes far beyond the basics.

Hospitality accounting is as diverse as the markets our client serve, and we offer:

    • General reporting and compliance matters, such as statutory tax filings and liaising with HMRC and Companies House on your behalf.
    • Ongoing business administration, including advice around transitioning your hospitality sector business to agile cloud-based accounting software.
    • Expense claims and tax allowances, ensuring your business is aware of all eligible exemptions, grants or other tax reliefs – including those linked to investments into new equipment or technology.

James Todd & Co focuses on building ongoing relationships with our clients, ensuring we know all the ins and outs of the organisation and can offer customised recommendations. These could relate to business planning to support onward growth or suggestions about the right ways to structure a company to maximise tax efficiencies.

Comprehensive Accounting Assistance From the Hospitality Specialists

Our experience working within the hospitality sector sets us apart, representing a number of businesses, including well-known corporations and commercial hospitality providers. With a reputation for first-class client liaison, we are responsive whenever queries, questions, or issues crop up, ensuring we can expand our support beyond straightforward accounting to help our clients make astute decisions about the best solutions for their business.

Our exacting planning and detailed forecasting can incorporate these and other challenges to help your business plan ahead, ensuring you are fully compliant yet recognise how changes to taxes or other obligations might impact your revenues, expenditures, or operating costs.

Accounting Services for the Hospitality and Food Sector

Relevant, jargon-free and tailored guidance is a core requirement for all businesses trading in the hospitality space, ensuring they have access to strategic planning to support their long-term growth. The following services are incorporated into many of our high-demand packages, allowing you to pick and choose the most applicable support for your organisation.

Expert Accounting Assistance

From year-end accounting to regular management accounts preparation and quarterly reviews, we provide complete reporting services, ensuring you have full oversight of your operations, performance, and net profitability at any point within each trading period.

VAT Reporting and Management

VAT is often a complex area, with distinct treatments for food and beverage items from different countries of origin and depending on the context in which they are supplied. We can help with all VAT accounting requirements, ensuring your returns are accurate and filed on time.

Outsourced Bookkeeping

If day-to-day bookkeeping is creating backlogs in your financial administration, our capable team can take over this task on your behalf, beginning with a thorough accounting clean-up to ensure all reports and records are up to speed.

Taxation Planning

Our tax management services incorporate all areas of tax, from capital gains to corporation tax, working to identify any allowances or exemptions that would benefit your business and putting together accurate forecasting to help you manage your tax liabilities.

Goals to Growth

The James Todd & Co Goals to Growth service is bespoke, providing forward-thinking hospitality businesses with mentoring, coaching and advisory assistance to ensure you have access to professional expertise to help secure long-term financial scalability.


What we offer at a glance

Full accounting service

Business start-ups and company formation
Stress-free bookkeeping
Stress-free payroll
Cloud-based accounting

Quarterly review and management accounts

Goals to Growth consulting
Taxation support & advice
Fee protection service
Statutory audit

Trust us we’re Xero and Sage experts

Contact Our Food and Hospitality Sector Accounting Team

To learn more about the services we offer, the areas in company incorporation, management and expansion we can assist with, or the sector-specific skills we provide, please contact the James Todd & Co team.

Some words from our wonderful clients..

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"We have worked with Michelle and Kevin for many years. We were a small Partnership when we started using them for our annual accounts; as they grew as company so did we. With all their expertise and advice we turned our 500K turnover business into a 3.5 million Turnover business. They do our monthly management accounts and review and advise us on strategies to help us continually grow. The wide range of services they offer is amazing from Tax advice to Payroll and much more!"

- Danny Knight, Director, Knight Fencing Ltd. - client since 2007

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"Running your own business can be incredibly stressful, You need someone you trust who is on your side and who you can call whenever you need help or advice. I have that with James Todd & Co."

- Julia Haviland, Director, Brittain Marketing Services Ltd

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"James Todd & Co have been our accountants since 1997 and have provided excellent services throughout our time together. They have undertaken our CIS, Payroll, VAT and end of year accounts during this period and have been excellent throughout. They have a great team, all of which are a credit to the company."

- Steve Carder, Director, Facilities Fire Protection Ltd - client since 1997