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Writer's pictureGareth Evans

We're Paying Too Much Tax!

Updated: Aug 2




THE PROBLEM:


Many hospitality business owners feel overwhelmed by the amount of tax they pay, including VAT, Corporation Tax, and National Insurance, and the busy nature of running a business means important financial reviews, such as evaluating the gross profit of your menu items, often get deprioritised. Over time, this neglect can lead to financial strain and a realisation that substantial amounts of money are being lost. The initial response is often to cut costs, such as reducing software subscriptions, switching suppliers, or cutting staff hours. This approach might provide temporary relief but can result in longer working hours for the owner and a potential decline in service quality. While cost-cutting seems like a straightforward solution, it’s not sustainable. The real challenge lies in finding effective ways to boost revenue, but with limited knowledge and resources, this can feel like an insurmountable task.


THE SOLUTION:


Cutting costs can only go so far. The key to sustainable financial health is increasing your revenue streams. This is where expert guidance and accountability come into play. Take Anji’s Coffee & Kitchen, for example. Over the past 12 months, we’ve assisted them in increasing their revenue by 300%. We achieved this through a combination of strategic financial planning, innovative marketing techniques, and operational optimisations. Engage with us to leverage our insider knowledge and experience in the hospitality industry. We will help you identify new revenue opportunities, streamline your operations, and ensure you have a robust plan in place for sustainable growth.

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