National Insurance
Coverage includes key policy changes, thresholds, and government announcements affecting payroll costs and contributions for hospitality employers. Reporting focuses on how evolving rates and regulations impact staffing budgets, employer liabilities, and net pay across restaurants, pubs, catering firms, and hospitality businesses, offering clarity and guidance for operators navigating workforce-related financial planning.
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Mar- 2020 -24 MarchCoronavirus
Coronavirus Job Retention Scheme – Advice for Employers
Key points include: – Furloughed workers should not undertake any work for the company, including answering calls or emails – JRS should not interrupt an employees’ continuity of service – Annual leave will continue to accrue – Grants should be structured so no PAYE tax or national insurance contributions are due…
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11 MarchBusiness Bites
ROUNDUP: Business rates holiday announced by chancellor Sunak
In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the impact of coronavirus on the British economy including a one-year total suspension of business rates for small retail, leisure and hospitality businesses. Headline measures include: A £12bn plan to provide…
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Feb- 2020 -24 FebruaryGovernment
Hospitality insolvencies at highest level in seven years
Insolvencies in the hospitality sector increased by 10.4% in 2019, the highest amount in seven years, according to analysis by real estate adviser Altus Group under the Freedom of Information Act. The Insolvency Service, an agency of The Department for Business, Energy and Industrial Strategy, paid out a total a…
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Jan- 2020 -8 JanuaryRegulations & Policies
Directors of Poole steakhouse banned for tax offences
Three directors from a steakhouse in Poole have been disqualified for a total of 18 years after submitting inaccurate tax returns. Jalal Ahmed (50) of Southsea, Satokh Singh Dhanda (62) and Mohammad Motiur Rahman (56), both of Southampton, were directors of the Rancho Steak House Ltd. The business, formerly of…
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Dec- 2019 -13 DecemberBusiness Bites
The election is over – time for the Tories to deliver for small businesses
It now looks as though political stasis and all the damage that does to business will be lifted in 2020. Boris Johnson’s victory in the election is the Tories’ strongest since the Thatcher era, and gives him great scope to implement bold policies. At this juncture it’s worth taking a look…
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May- 2019 -28 MayPeople
Restaurant fraudster caught by his own secret books
The owner of a Derbyshire restaurant has been jailed for three years for a £480,000 tax fraud that was discovered when investigators uncovered a hidden sales book dating back five years. Nazrul Islam, 52, from Birmingham, hid sales in a bid to evade nearly £480,000 of tax payments at his…
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Feb- 2019 -26 FebruaryPubs and Bars
Pub and restaurant closures lead to 31% rise in insolvency costs
Insolvent companies, across all sectors of the British economy, that couldn’t pay their debts have cost taxpayers £3.07bn in payments to former members of staff during the last decade new research has revealed. Last year, during 2018, The Insolvency Service an agency of The Department for Business, Energy and Industrial…
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4 FebruaryGovernment
Brothers jailed 14 years for £3m pub and restaurant tax scam
Three brothers, who stole £3m in a tax scam involving pubs and restaurants, have been jailed and banned from being directors for 28 years. Bournemouth brothers Shahab Hashtroudi, 64, Shahin Hashtroudi, 58 and Hedayat Hashtroudi, 68, ran pubs and restaurants in Hampshire, Dorset and Surrey, using the money to prop…
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Jul- 2018 -31 JulyAdvice
Taking stock – accountancy top tips for pubs and restaurants
As any restaurant owner or publican will know, hospitality involves long days, a constant mission to keep customers happy and providing a service that is second to none. So it can be difficult to balance these important tasks with finding the time to take stock and keep on top of…
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Jun- 2018 -20 JuneAdvice
Tips, gratuities and tax – what you need to know
The famous opening scene of Tarantino’s classic film Reservoir Dogs focuses on three characters in a diner debating the topic of tipping in restaurants, and whether their waitress warranted hers. Whilst one character says he doesn’t believe in tipping at all, they all agree that taxing tips just doesn’t seem…
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