Leisure and Hospitality
Few businesses have suffered more during the pandemic than those in the leisure and hospitality sector. We also know this is an opportunity to bounce back stronger.
Many, from restaurants and hotel chains to leisure resorts and global travel companies, are thinking not only about the short-term but how to thrive in the long term.
You may want to re-evaluate aspects of the business – whether to expand overseas, boost marketing, analyse costs or invest for the future. To get these right, Kreston can analyse your business operation and identify where efficiencies are needed and where strong potential lies.
Some may be unsure about the best way to expand their business internationally. This exciting prospect is one of our specialities. Our teams of trusted experts worldwide understand their markets and can provide an integrated service for you across our global network.
Family-owned businesses build their reputations over many years – and their future is even more important. We build trust and long-term partnerships to help in critical areas such as succession planning, incentivising your management teams and coaching.
Other areas we advise on include:
- Cash flow
- Forecasts and budgets
- Accounting and tax, with a focus on special Hospitality and Leisure tax areas
- Overseas VAT/Transfer Pricing/Payroll
- International subsidiary tax structuring and planning
- Growth and exit plans
- Obtaining finance
- Overseeing business acquisitions
- Sales transactions
Laying a solid financial foundation with Kreston can, for many hospitality and leisure businesses, be the difference between having a plan and making it happen.