Hospitality Accounting
The hospitality industry is a high-risk industry with small margins and high labour costs. The industry is very sensitive to changes in the wider economy as any effect on household disposable income has a direct impact on restaurant spending.
The industry is a tough one, but in our experience with our clients, the people in the industry have truly admirable passion and determination. Some of our longest represented clients own businesses in this industry and we work very closely with them to keep track of their margins and profitability, and ensure all of their compliance requirements are taken care of.
At Montague Partners, we can assist with:
- Tax Planning and Succession Planning
- Tax lodgements including Activity Statements, Fringe Benefits Tax & Payroll Tax
- Outsourcing Bookkeeping and Payroll
- Superannuation Compliance
- Insurance and Financing
Please contact us for more information. We look forward to assisting you with your accounting, taxation and administrative needs.