Bookkeeping and accounting for hospitality businesses seeking growth and financial security. We're hospitality accountants and advisors who specialise in the design, implementation and operation of financial management systems for restaurants, bars and cafes, just like yours. As qualified Chartered Accountants we'll take the guess work out of setting up and running your hospitality business.
With a wealth of industry experience we deliver you valuable insights to help your business grow. We provide you with the key information you need to run your business effectively. Provide timely simple reporting that cuts through the complexity of your business finances. It's a common question for any new or growing, business owner in the hospitality sector - what's the best way to pay myself, do I take a salary, dividends, or.
With a wealth of industry experience we deliver you valuable insights to help your business grow. We provide you with the key information you need to run your business effectively. Provide timely simple reporting that cuts through the complexity of your business finances. It's a common question for any new or growing, business owner in the hospitality sector - what's the best way to pay myself, do I take a salary, dividends, or.
Services
Ten X provides specialist advice to help your hospitality business grow. We are expert accountants you don't just see once a year at tax time, we specialise in your industry and provides you with insights to ensure your business can grow and scale. Our team of bookkeepers are always on hand to support your business and understand the need for ongoing support; not just a window of availability each week.
As a hospitality business you are vulnerable to seasonal revenue, fluctuating food, beverage and staff costs not to mention errors, theft and fraud. All of these have the potential to have catastrophic impact on your business. So it would come as no surprise to you, that the accounting needs of a hospitality business are unique.
Keeping the ATO happy is a vital part of managing your business well. From setup and right through to the ongoing obligations of your business, your ATO obligations are many and varied. Ten X Advisors are Registered BAS Agents and partner with registered Tax Agents who have specialist knowledge and expertise in a range of tax scenarios that hospitality businesses face.
Many hospitality business owners dive straight into the deep end of business ownership without taking the time to properly plan. They soon realise that the amount of information to sift through when starting a business can be overwhelming. Once the business is up and running, it's common to get bogged down in the day-to-day operations and the time to plan is lost.
If you don't have clear answers to these questions before you start your business, problems can quickly arise. You're working hard, but you don't seem to be making any progress. There's cash coming through the door, but sometimes you don't have enough to cover your bills. A common challenge we see is that many business owners are spending too much time working in their business, and not enough time on their business.
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