LICENSED TRADE

We have over 20 years’ experience working with the licensed trade, and with licensees and managers throughout the hospitality industry.

We also know from personal experience how hard it is to run licensed premises, so we understand what you need from a licensed trade accountant.

We will:

  • spend time getting to know you and your business so that we can offer the best and most relevant advice from the outset.
  • always make ourselves available. We are at the end of the phone or will meet you at your business premises.
  • talk you through your finances without any jargon.
  • advise you on ways to improve your business through effective advertising, maximising profitability, reducing expenditure and minimising wastage.
  • show you the easiest and most time efficient way of keeping records.

 

We can:

  • produce financial information to tell you at a glance how much tax you owe, how much VAT to budget for and if your business is viable.
  • prepare a detailed Business plan and help you with a marketing and business development strategy.
  • prepare monthly or quarterly management reports and go through them with you to look at how to make the business more successful.
  • deal directly with HMRC on your behalf, leaving you free to focus on running and growing your business.
  • advise you on benefits you may be entitled to, rates reductions, rent negotiations, valuations and finance and even marketing your business for sale.

 

Alongside our usual accountancy services we also assist the licensed trade with: Preparation of accounts, Bookkeeping, MGD Returns, Cash Flow Forecasts, Company Formations and Company Secretarial Work.

Contact us to discuss how Morgan Wells can help with your accounting.