Hospitality, Bars, Cafes and Hotels

Accountants for the Hospitality Industry

Restaurants, cafes, bars, and hotels can be demanding businesses. Hospitality industry jobs are often filled with long hours, low margins, high competition, regulatory compliance, and many sales transactions.

Our hospitality accountants will help simplify your finances, minimize your tax obligations, and manage your cash flow.

We aim to assist the owners in finding the right people to help with hospitality accounting since hospitality can be a challenging work environment due to the long working hours and constant need for staff.

In our years of experience, we have observed numerous instances in which an establishment has over-capitalized its fit-out, which has detrimental effects on the establishment. As part of our services, we have assisted clients in acquiring quality products at the right price and appropriately managing staff levels through effective rostering. For each business, we assess where it wishes to be so that we can deliver the vision to your target market and patrons. Our hospitality accountants can achieve these goals.

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Accounting Services for Hospitality Business Owners

We also understand the business challenges you face in the hospitality industry and complex tax compliance and employment regulations. As a service to our restaurant and hotel owners, we provide the following:

  • Accounting & Bookkeeping
  • BAS and IAS Lodgement
  • Payroll, Superannuation, Leave Management
  • Financial Reporting
  • Cashflow Planning, Management And Budgeting
  • Tax Advice and Planning

The Importance of Cash Flow Management for Hotels, Cafes and Restaurants

Running a successful restaurant or hotel requires an understanding of your cash flow. Several variables are to consider, such as revenue, bills, salaries, loans, and inventory.

You risk your hospitality business's financial future by ignoring cash flow management. To improve your business' profitability and cash flow, you must work with an accountant who understands the hospitality industry's risks and rewards.

We are here for you.

We offer Accounting, Taxation And Bookkeeping Services for our clients in Melbourne's Outer Eastern Suburbs. With a wealth of experience, and depth of knowledge, across a wide range of sectors, TAS will work with you to determine the best path forward for your business.  

Accounting

Our accounting services are specialized and our CPA accountants assist with all tax and business requirements

Bookkeeping

We'll take care of your bookkeeping so you can focus on growing your business.

Business Coaching

Are you looking to elevate your business to new heights? Meet our highly qualified Business Coach Dorothea Farmakis.

Business Structures

Assisting you in protecting your assets, minimizing your tax bill, and planning for the future

Capital Gains

CGT (Capital Gains Tax) is a tax you pay when you sell an asset or investment and receive a profit.

Corporate Consulting

We help you understand your business, forecast financial performance, manage your business and review key performance indicators.

Tax

Taking care of your personal and business tax needs so you can concentrate on growing your business

SMSF Auditing Services

Tailored Accounting Solutions has accredited specialists with expertise in providing various audit services.