Tax and technical

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There is the potential for much confusion about the nature and accounting treatment of these items.  

Here are some pointers and indicators to help to understand the issues and to interpret hotel data where they apply.  The term hotels includes roo...

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I would like to share with my readers the intent of these blog articles and what I wanted to achieve with them.

Having spent 50 years in the hotel industry experiencing a variety of finance related roles, one area where I believe there has been lit...

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Replacement Reserve, Current and Fixed Assets, Capitalisation and Depreciation

Hotel operating accounts that follow the USALI standards focus on the elements of revenues and costs that reflect the trading results of the business, down to EBITDA.  H...

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The USALI is principally a management accounting  structure.  This means that allocations of revenues and costs may not accord with relevant financial reporting standards or those necessary for taxation computations.

Here are some of...

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Part 5 The Hotel Operating Statement continued
In Part 4, the overall format and content of the USALI Summary Operating Statement and makeup of the Total Operating Revenue was covered. 

The categorisation of Revenues and Costs in the USAL...

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ATOL reporting

by Jade Gilmour on 05.05.2016 12:36
The Civil Aviation Authority changed its reporting requirements for ATOL holders and their reporting accountants (ATOL Reporting Accountants). ICAEW has therefore revised its Technical Release to take account of these changes and the revised reports...
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The Tips Iceberg Has Landed

by Howard Field on 03.05.2016 17:49

It’s all happening now and what are we going to do about it ?  

The hospitality industry is enormous and vitally important to the UK economy.  How does it happen that a subject like this falls on to the government to dictate to the industry what sh...

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There is a much discussion in the press about the announcement of the United Arab Emirates implement Value Added Tax.

However, there is not much clarity. Most countries with in the Gulf Cooperating Council are still developing a framework for the...
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Hotel management and financial reporting continued; the Uniform System of Accounts for the Lodging Industry (USALI)

This part of the series concentrates on the format and content of the Summary Operating Statement.  Hotel accounts prepared by ...

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Having previously suggested that the Big Issue for the UK hospitality industry this year could be this subject, the reality is that the iceberg is nearing our shores, and it’s far from clear if anyone is ready to deal with it.

Some restaurant...