Hospitality

The hospitality industry is very diverse. We have clients that own restaurants, cafes, catering businesses, mobile butchers and even mobile executive chefs. The underlying issue with all these businesses is understanding your cost base and understanding how much profit you are making.

If you want to have a successful business in the hospitality sector then take a minute to see if you you can answer the questions below

Do you know the food costs as a percentage of sales
What are your employees costs as a percentage of sales
What is your break even figure?
What is your margin of profit on each sale item?
Have you considered all your employee costs? superannuation, workers compensation, annual leave,
Did you know that if you pay your superannuation for employees late you do not get a tax deduction?
Did you know that you can negotiate with the ATO if you are late i in your BAS or PAYGW?
Do you know how best to structure your business. Sole trader, small business, company?
Do you have enough cash in the business to survive if your sales dropped by 10% for the next 6 weeks?

Our clients touch every part of the building process and include

Developers, Suppliers, Plumbers, Carpenters, Insurance Brokers, Real Estate Agents, Finance Brokers to name a few.

If you need anything to do with the building industry we have the experience to assist whether it is just bookkeeping or setting up a family trust.

Please contact us.