Tax and technical

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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...

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Hotel management and financial reporting
Every business needs to implement a system to record its transactions with customers, employees, suppliers, and to report to taxation and other authorities.   Where the business has been incorporated an...

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A typical hotel is a complex business unit.  It has distinguishing features from other businesses that demand an organised approach to monitoring and recording its activities and transactions, and a depth of knowledge to be able to interpret it...

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Interpreting and Auditing Hotel Accounts in 2016 - and what you should know about the Uniform System of Accounts for the Lodging Industry.  

Overview of the Blog Series
If you are an accountant, auditor, lawyer, banker, asset manager, real es...

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Despite the UK economy as a whole languishing since the recession hit in 2008 – the story of UK tourism over the past six years has been one of growth and success. Between 2008 and 2014, inbound tourism increased by almost 30%, making tourism the UK...