Your Trusted Partner
Serviced Accommodation and Hotel Accounting
Are you a thriving entrepreneur in the dynamic world of hospitality, managing serviced accommodations or hotels in the UK? Look no further! At UK Property Accountants, we specialise in providing comprehensive accounting and financial solutions tailored to the unique needs of the serviced accommodation and hotel industry.
What our clients say about us
Testimonials
Rendering the best service with a team of qualified and regulated accountants and tax advisers.
Features of Serviced Accommodation Business
Serviced accommodation stands as the pinnacle of comfort, convenience, and sophistication in the world of lodging. It transcends the ordinary, offering you a home away from home – whether you're traveling for business or leisure.
Home Away from Home
Step into a fully furnished, meticulously designed space with all your amenities. It's not just a stay; it's your home with hotel luxury.
The Convenience You Deserve
Beyond exquisite interiors, serviced accommodation offers a seamless experience. Housekeeping, maintenance, and dedicated support ensure you focus on what matters.
A Personalised Stay
Unlike hotels, serviced accommodation offers local immersion and private comfort. Cook, relax in spacious living areas, and savour a uniquely personal ambiance.
Serviced Accommodation business interaction with other Taxes
There is an interaction of both Direct and Indirect tax when dealing with the Serviced Accommodation business in the UK. For the direct tax point of view, most of the Serviced Accommodation business owner would much rather prefer it to be classified as Furnished Holiday Letting to take most of the tax advantages it offers. Some of these are:
Offset full interest expenses from the Serviced Accommodation business’s Profit
Can claim Capital Allowance on the business asset
Profit earned from SA business can be used as a Pension Contribution
Capital gain tax at 10% on sale of Property under BADR instead of 18%/28%
Book a Free 15-min Discovery Call!
Take your serviced accommodation or hotel business to new heights with UK Property Accountants. Let us handle the numbers, while you focus on creating exceptional guest experiences. Book a Free 15-min discovery call today for a review and discover how we can optimise your financial success
Taxes applicable to Hotel Industry
A Hotel operator has to pay three types of taxes:
Why Choose us
We are specialist accountants and tax advisers for your property business! The service delivered by our qualified and experienced team is tailored as per your needs. Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest.
Easy Switch to
Our Services
Our team of experts will skillfully manage all aspects of your payroll, allowing you to enjoy a worry-free and streamlined payroll process.
Tax Planning and Compliance
Stay compliant with complex tax regulations while optimising your tax liabilities to maximise profitability.
Bookkeeping and Financial Reporting
Keep track of your finances in real-time, with organised and accurate bookkeeping and regular financial reports.
Payroll Management
Ensure your staff is paid accurately and on time while managing pensions and benefits efficiently.
Budgeting and Forecasting
Plan for the future with confidence using our advanced budgeting and forecasting tools.
VAT and Occupancy Tax Guidance
Navigate through the intricate world of VAT and occupancy taxes with our expert guidance.
Financial Analysis and Strategy
Make informed decisions based on insightful financial analysis and develop strategies to enhance your bottom line.
Business Expansion Support
If you're looking to grow or acquire new properties, we provide financial advice to support your expansion plans.
See How We Helped!
Client Experience
Hotel Manager
London
UK Property Accountants has been instrumental in helping us manage our hotel's finances. Their industry knowledge and personalised approach set them apart.
Property Owner
Edinburgh
I appreciate the proactive tax planning that UK Property Accountants has provided for our serviced apartments. It has saved us a substantial amount over the years.