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We know from personal experience how hard it is to run licensed premises, so we also know what you are looking for in a licensed trade accountant. Here's our list. Tell us yours.
1. Speak to me in words of one syllable so I understand how much tax:
a. How much tax I owe
b. How much VAT I need to budget for
c. Is my business viable
2. Advise me on ways of improving my business by:
a. Discussing expenses and how to reduce them effectively
b. Improving my sales by promotions, advertising, leaflet drops, in fact anything that could help
3. Be straight talking with me.
Do I need to get out, if so what are the options ie. Sell, Re-finance, Lease (if Freehold) or alternatively expand
(Karl Marks said “When the capitalists are in the mire, they do the obvious thing…. Expand!!!)
4. Be available
On the ‘phone or if dire, then a personal visit
5. Come – see my business
It’s important to see the Business Premises to share and discuss the methods of improving the
overall profitability
6. To advise me on my wastage
What is the margin of profit required after reasonable wastage, both on wet and dry
My Accountant needs to see my cellar, measure the beer lines, ascertain the ullage factor and
generally advise of the loss on wastage.
Similarly on the food, the menus need to be discussed and costed out particularly if there is a ‘loss leader’
7. To have worked for themselves
The self-employed attitude is essential (ie. best helping hand is at the end of your arm).
This attitude is paramount and your accountant needs to share this attitude for survival with you.
It would be preferable if your accountant has at sometime in their past actually owned or operated a
licensed premises. There’s no greater service than when your advisor has actually ‘been there’ and
knows the pitfalls.
8. Be friendly and make it fun!
The leisure industry is by its very nature a fun industry so make it fun and surround yourself with
positive people who have a sense of humour and above all, enjoy yourself.
Finally
9. To give me more time!
Benjamin Franklin said “Dost thou love life? Then do not squander time, for that’s the stuff life is made of”
The Innscribe system saves YOU time, you effectively delegate to us all the admin.
We do the rest and you can relax.
10. Give me peace of mind
Innscribe has a dedicated staff who care about ensuring that everything possible is done to “get things done”
so that you know all about your business (good or bad!!!)
We care… it’s the only way.
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