IS AN EXPERT IN THE HOSPITALITY INDUSTRY AND ASSISTS BUSINESSES WITH THE FOLLOWING:
- Setting up and maintenance of an accounting system from scratch and ensuring the tax codes and chart of accounts are setup correctly for reporting purposes.
- Payroll and HR related matters that have a material impact on your business.
- Using technology to process and manage the accounts payable function of the business efficiently.
- Managing all ATO-related affairs so you can focus on growing your small business effectively.
Hospitality businesses operate in a dynamic environment. Our team at PAQ works with companies in this industry to ensure they have up-to-date financials so they are able to make the best decisions that keeps their cash flow under control, optimize their finances, and to grow their business.
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YOU NEED TO KNOW ABOUT HOSPITALITY:
Hospitality businesses need to ensure they are compliant with the Award requirements of Fair Work and will be able to easily streamline this process via specific software.
As staff and material costs are a huge component of the business, businesses need to bear in mind the benchmark percentages for businesses operating in a similar industry and geography. This provides an opportunity for businesses to review and improve.
Keeping on top of ATO obligations is essential for hospitality businesses. By working with a professional firm like PAQ, businesses are able to focus on their core business while keeping on top of their ongoing monthly, quarterly and yearly obligations in a cost-effective and efficient manner.