HaysMac

The days following Budget Day are usually when people ring their accountants asking how we can pick through the detail to find some good news. Well, I’m going to have to let you down gently. For the hospitality sector, the best I can say is this: it wasn’t as bad as last year… Setting aside the flip-flopping before the Budget, along with the leaking of the speech, the whole thing was a missed opportunity to support a struggling industry. The so-called “additional rates relief” shows a real lack of understanding of the sector. It won’t even touch the sides. No one in hospitality is blind to the fact the country’s finances are in a mess. But freezing income tax thresholds for three years will mean less disposable income, more worry, more saving - and even less spending. It’s a vicious circle. Yes, EMI limits have been relaxed, but looking through our c180 hospitality clients last night, only around eight might actually benefit. Helpful for them, but hardly game-changing. And sure, the EIS rules have been loosened a little too, but again we’re talking tiny wins for a tiny minority. Anyway, if you’d like to depress yourself further, here’s the link to our hospitality breakdown. https://bit.ly/3M8hoTW

The Hospitality sector thrives on resilience, innovation, and exceptional people. That’s why we, as specialists in hospitality accounting and tax strategy, partner with Boardwalk, a not for profit dedicated to elevating senior women as they prepare for board positions. By combining financial clarity with leadership excellence, we’re helping shape a more diverse and sustainable future for the industry we serve. Strengthen your hospitality strategy today 👉https://lnkd.in/eNufh3EX

We are proud to partner with Boardwalk, a not for profit empowering senior women in hospitality to step confidently into their first board role. With deep accountancy and tax expertise across the Hospitality sector, we help organisations strengthen their financial foundations - while Boardwalk strengthens the leadership pipeline. Together, we’re building a more diverse, future-ready hospitality industry. Strengthen your hospitality strategy today 👉https://lnkd.in/eZ9M8xXq

Lisa Harrland, CFO at The Big Table Group, first encountered HaysMac on an acquisition and immediately saw the difference industry specialists make. Our hospitality expertise impressed and our commitment to building a meaningful relationship sealed the deal. From day one, we invest in understanding your business, your challenges, and your growth plans. Explore how our Hospitality team supports ambitious operators: https://lnkd.in/eVrn8NCt