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Navigating the New Year Slump: Mastering the Art of Cashflow for Hospitality Businesses

Menzies

Menzies LLP - A leading chartered accountancy firm. Navigating the post-Christmas slump can pose significant challenges for businesses, especially those in the hospitality and leisure sector. As sales dip after the festive season, maintaining cash flow becomes crucial.

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Cloud & Accounting – the perfect match

Menzies

Menzies LLP - A leading chartered accountancy firm. We all want to work smarter not harder and with the growth of Cloud accounting we can have the freedom and insight to stay on top of our business and finances 24/7. The benefits of switching to cloud accounting. Anytime, anywhere, any device. Secure & private.

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Abolition of the Furnished Holiday Lettings (FHL) tax regime

Menzies

Menzies LLP - A leading chartered accountancy firm. Finance Costs Going forwards, mortgage interest relief will be restricted in line with other residential properties. A review of the finance arrangements may be necessary to see if borrowing can be secured against properties where relief would be available.

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What’s next for your Pub – and how can you position yourself to succeed?

Menzies

Menzies LLP - A leading chartered accountancy firm. The struggles surrounding the Hospitality and Leisure industry are being amplified by the current cost of living crisis as well as the seemingly everlasting effects of the Coronavirus pandemic.

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Hotel Business Insights: 4 Common Audit Challenges and How to Tackle Them

Menzies

Menzies LLP - A leading chartered accountancy firm. And where hoteliers do not have an accurate understanding of the true value of their property and its improvements, via regular valuations this can cause 2 major problems: Increased difficulty in leveraging the value of the property to obtain financing and grow the business.

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Management Buyout (MBO) Example

Menzies

Menzies LLP - A leading chartered accountancy firm. ” James Hughes, the new CEO of Woodforde’s Background from Mike Grayer – Corporate Finance Partner Woodforde’s is Norfolk’s largest independent and a multi award-winning brewery. We look forward to continuing our relationship with Menzies in the future.”

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How to enhance the audit experience

Menzies

Menzies LLP - A leading chartered accountancy firm. The audit team should provide a ‘request list’ to the finance team well ahead of each visit, so the applicable documentation can be made available. For instance, the auditor may find that the finance team has provided information that is inaccurate or incomplete.

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