Policies and procedures

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The Polling results are in!

by Zayd Maniar on 24.06.2016 20:55
The Results of the Poll are in! Do not worry, this is not yet another article on Brexit. Rather comments on the recent Poll we conducted on whether tipping and extra charge practices should be regulated. 

Thank you to those who participated and a...
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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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Significant changes for employers could be coming with the Government's Consultation on tipping and service charges.

On 2 May 2016, the Government published its Consultation aimed at addressing its concerns about malpractice in the hospitality ...

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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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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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The CAA has issued new guidance on the financial tests that ‘Small Business’ ATOL holders (SBA’s) and smaller (under £20 million ATOL turnover) ATOL holders will have to meet in future.

The new rules take effect on June 1st ...

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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...