J Sweeney Accountants’ Post

The hospitality industry is pushing for big changes! UKHospitality is calling for lower business rates and VAT to help ease the financial strain businesses are feeling. With rising costs still a challenge after the pandemic, these changes could make a huge difference. By reducing these rates, many hospitality companies could see a significant drop in their operational expenses, allowing them to remain competitive and profitable. This change would help ease the strain that high taxes and rates put on businesses. Find out more about these lobbying efforts and how they could impact the industry in this article: https://shorturl.at/btlqe #StaffingSolutions #HospoCommunity #BusinessRates #ResolveUK

Busting myths one tax tip at a time! 💡🍽️ Did you know that as of 2023, wining and dining for business entertainment is no longer a deductible delight? But don't fret—employee travel meals still bring a 50% deduction to the table. And for those meals that are all about convenience at work, you've got until 2025 to savor that 50% deduction. Stay savvy with your spending and smart with your saving! #TaxTips #MealsAndEntertainment #BusinessExpenses #TaxDeductions #SmartSpending #FinancialSavvy #DeductibleDining #ExpenseManagement #BookkeepingBuzz #TaxMythBusting

In simplest terms, profit is the money left over after you pay all of your bills.⁣⁣ ⁣⁣ The 2 ways to increase your net profit are - increase revenue & / or decrease expenses.⁣⁣ ⁣⁣ In today’s video - let’s look at your expenses.⁣⁣ ⁣⁣ As a restaurant owner, you must review your expenses every month - not just for the previous month, you need to be looking back at least 3 months, and preferably 12 months.⁣⁣ ⁣⁣ It is not always about the absolute amount of your expenses, but trends that you are looking for. Is your COGS expense ratio increasing, decreasing, or about the same? What about labour?⁣⁣ ⁣⁣ Other expenses to watch for are recurring monthly payments. Are you still using that software subscription you signed up for 2 years ago? When was the last time you reviewed the cost of your employee benefits program?⁣⁣ ⁣⁣ If you are not receiving useful financial reports on at least a monthly basis, we can help - let’s chat.⁣⁣ ⁣⁣ #restauranteurs #foodandbeverage #yyc #accountific

The hospitality industry is pushing for big changes! UKHospitality is calling for lower business rates and VAT to help ease the financial strain businesses are feeling. With rising costs still a challenge after the pandemic, these changes could make a huge difference. By reducing these rates, many hospitality companies could see a significant drop in their operational expenses, allowing them to remain competitive and profitable. This change would help ease the strain that high taxes and rates put on businesses. Find out more about these lobbying efforts and how they could impact the industry in this article: https://shorturl.at/btlqe #StaffingSolutions #HospoCommunity #BusinessRates #ResolveUK

In simplest terms, profit is the money left over after you pay all of your bills. The 2 ways to increase your net profit are - increase revenue & / or decrease expenses. In today's video - let's look at your expenses. As a restaurant owner, you must review your expenses every month - not just for the previous month, you need to be looking back at least 3 months, and preferably 12 months. It is not always about the absolute amount of your expenses, but trends that you are looking for. Is your COGS expense ratio increasing, decreasing, or about the same? What about labour? Other expenses to watch for are recurring monthly payments. Are you still using that software subscription you signed up for 2 years ago? When was the last time you reviewed the cost of your employee benefits program? If you are not receiving useful financial reports on at least a monthly basis, we can help - let's chat. #restauranteurs #foodandbeverage #yyc #accountific

Managing bookings and cash flow over the festive season doesn’t have to be overwhelming 🎄 Our latest video, Credit Control Strategies to Keep You Winning During the Festive Season, offers essential tips to help hospitality and events businesses stay on top of credit control, safeguarding your cash flow during this busy period. #FestiveCashFlow #CreditControlTips #HospitalityFinance

In simplest terms, profit is the money left over after you pay all of your bills. ⁣ ⁣ The 2 ways to increase your net profit are - increase revenue & / or decrease expenses. ⁣ ⁣ In today's video - let's look at your expenses. ⁣ ⁣ As a restaurant owner, you must review your expenses every month - not just for the previous month, you need to be looking back at least 3 months, and preferably 12 months.⁣ ⁣ It is not always about the absolute amount of your expenses, but trends that you are looking for. Is your COGS expense ratio increasing, decreasing, or about the same? What about labour?⁣ ⁣ Other expenses to watch for are recurring monthly payments. Are you still using that software subscription you signed up for 2 years ago? When was the last time you reviewed the cost of your employee benefits program?⁣ ⁣ If you are not receiving useful financial reports on at least a monthly basis, we can help - let's chat.⁣ ⁣ #restaurateurs #foodandbeverage #yyc #accountific

In simplest terms, profit is the money left over after you pay all of your bills.⁣⁣ ⁣⁣ The 2 ways to increase your net profit are - increase revenue & / or decrease expenses.⁣⁣ ⁣⁣ In today’s video - let’s look at your expenses.⁣⁣ ⁣⁣ As a restaurant owner, you must review your expenses every month - not just for the previous month, you need to be looking back at least 3 months, and preferably 12 months.⁣⁣ ⁣⁣ It is not always about the absolute amount of your expenses, but trends that you are looking for. Is your COGS expense ratio increasing, decreasing, or about the same? What about labour?⁣⁣ ⁣⁣ Other expenses to watch for are recurring monthly payments. Are you still using that software subscription you signed up for 2 years ago? When was the last time you reviewed the cost of your employee benefits program?⁣⁣ ⁣⁣ If you are not receiving useful financial reports on at least a monthly basis, we can help - let’s chat.⁣⁣ ⁣⁣ #restauranteurs #foodandbeverage #yyc #accountific

In simplest terms, profit is the money left over after you pay all of your bills. ⁣ ⁣ The 2 ways to increase your net profit are - increase revenue & / or decrease expenses. ⁣ ⁣ In today's video - let's look at your expenses. ⁣ ⁣ As a restaurant owner, you must review your expenses every month - not just for the previous month, you need to be looking back at least 3 months, and preferably 12 months.⁣ ⁣ It is not always about the absolute amount of your expenses, but trends that you are looking for. Is your COGS expense ratio increasing, decreasing, or about the same? What about labour?⁣ ⁣ Other expenses to watch for are recurring monthly payments. Are you still using that software subscription you signed up for 2 years ago? When was the last time you reviewed the cost of your employee benefits program?⁣ ⁣ If you are not receiving useful financial reports on at least a monthly basis, we can help - let's chat.⁣ ⁣ #restaurateurs #foodandbeverage #yyc #accountific

Avoid Those Hefty Invoices: Simplifying Reservations Billing! 🍽️💰 👉 Problem: Many platforms charge per cover, leaving restaurants in the dark about their end-of-month invoices. 👊 Solution: Imagine that in December you had 2,000 guests at £2 a head, and suddenly the hefty bill lands in January. Ouch! Learn how leading establishments are breaking free from this financial dilemma. 1️⃣ Our fixed fee platform gives you certainty 2️⃣ You get all options fo you don’t have to pick and choose options 3️⃣ Simple set up and interface saves time and money moving forward Want to find out more? Drop me a DM 📩 or book an appointment 🗓️ (in my profile) #BusinessInnovation #TableReservations #FixedFees 🍷🍴