Rural Leisure And Tourism Business

Are you a rural leisure and tourism business owner based in England? If so, look no further than Roake & Cook, a team of attentive chartered accountants who specialise in serving rural businesses. We bring a modern approach to rural accounting, and we’re particularly focused on supporting clients who value sustainability and the countryside they live and work in to achieve their financial goals.

Deeply invested in your success

We’re passionate about helping rural businesses grow and thrive. As a small firm with a big heart, we pride ourselves on offering personalised attention to each client. We’ll take the time to understand your unique business needs and challenges, and we’ll work with you to develop tailored solutions that support your growth and success.

HERE ARE SOME EXAMPLES OF HOW WE CAN HELP YOU:

Seasonality is one of the biggest challenges facing the leisure and tourism industry. Significant fluctuations in demand throughout the year lead to periods of extremely high and low-income activity.

Combined with changing consumer habits and the cost-of-living crisis, businesses face a rapidly evolving market that is bound to cause stress and worry.

Cash-flow

Cash flow is the lifeblood of any business and can be particularly difficult to forecast.

We work with you to forecast as accurately as possible, identifying seasonal trends, estimating tax bills, and predicting how changes in costs and prices would impact your business.

Tax planning maximises cash-flow savings, with advice on systems, staffing, and payment processes, all aimed at improving the liquidity and profitability of your business.

Bookkeeping

In our opinion, this is one of the most crucial parts of any business. Having up-to-date and accurate financial information is the cornerstone of all aspects of your business.

The current state of the economy not only changes consumer habits, but causes fluctuations in energy, staffing, and general running costs. Accurately recording and tracking all transactions is vital to using that information to make key business decisions.

We provide bookkeeping services, to free up your time and let you focus on running your business, and we also assist in implementing new software and provide training for those who wish to do it themselves.

Accounts

Cloud software enables us to work with you to produce accounts sooner. Gone are the days of not hearing from your accountant until a month before your accounts are due or being told your tax bill a day before it is due to be paid.

Accurate bookkeeping enables you to make business decisions. Accounts are for compliance purposes and finalising tax calculations.

Tax Services

Tax savings play a vital role in your business’s cash flow. No one wants to pay unnecessary tax, and our expert knowledge of capital allowances, tax-efficient remuneration, and tax planning opportunities helps ensure this is not the case for you.

Forecasting tax bills and building them into cash forecasts enable better decision-making and planning.

Diversification

Financial pressure has led to many businesses seeking to diversify their services and offerings. Trying to work out whether a new venture is financially viable can be stressful, and you don’t want to make that leap without being confident it is worthwhile.

We work with you to plan, forecast, and implement these changes to your business, giving you confidence to move your business forwards.

Embrace modern accounting for greater visibility and control

Streamline your accounting processes with modern accounting. It is about more than just numbers, it’s about using technology and best practices to make your accounting processes more efficient and effective. We can help you to implement modern accounting solutions that will save you time and money, and allow you to focus on running your business.

We’re your trusted partners for rural leisure and tourism accounting.

As part of the rural community, we’re deeply connected to the businesses and people that make it thrive. We understand the unique challenges and opportunities that rural leisure and tourism businesses face, and we’re here to help you succeed. You can trust us to provide you with insightful advice and tailored solutions that align with your specific needs.

Martin and Helen Cook

Contact Roake & Cook today to schedule a consultation and experience the difference a modern approach to rural accounting can make.

Our husband and wife team brings a personal touch to our services. We genuinely care about our clients and go above and beyond to deliver exceptional service. You won’t be treated like just another number; instead, you’ll experience the warmth and dedication that comes from working with a team that genuinely values your success.

Building lasting relationships is at the heart of what we do.

Here are some examples of clients we have in the Rural Leisure And Tourism Business industry and some key examples of how we have helped them:

Rachel, animal attractions

Like a lot of new business owners, Rachel had set-up her business, but the day-to-day activities meant she was struggling to find the time to keep on top of the bookkeeping. Records were getting more and more out of date and Rachel was unable to keep track of costs.

We set up Xero, connecting the business bank account and taking over running the payroll. Processing the backlog of transactions and setting up a Chart of Accounts to track the different income streams allows Rachel to have up to date weekly reports on how her business is performing.

Having identified that some of the areas of the business were costing more than expected, Rachel has cut back on some areas, focusing on the income streams that are generating the most profit.

Employees are now getting accurate and timely pay, all set up digitally to save time. Whilst processing historic transactions we also identified a significant amount of unclaimed VAT, which has helped fund several new ventures.

With us taking care of the numbers and providing weekly reports, Rachel has freed up her time to focus on running the business. More time, less stress, and the information needed to move the business forwards.

FAQS SPECIFIC TO RURAL LEISURE AND TOURISM:

How can I keep track of the different income streams in my business?

We understand that most rural businesses have diversified their operations. Keeping track of each part of your business is key in understanding where cashflow issues are arising, or if there is an underperforming part of the business.

Through the use of enterprise tracking, up to date and accurate bookkeeping, and easy to understand financial reporting, we help clients monitor, measure and track each part of their business.

Accurate bookkeeping is a must for any business, but knowing how to use those numbers is key.

Parts of our business are seasonal, which makes predicting cashflow difficult. Can you help?

Yes, we can. Firstly, accurate and up to date bookkeeping ensures you understand how your business is performing in real-time, not weeks or months down the line.

Secondly, forecasting with scenario planning can help you predict how changing costs will impact your business in the coming months and years.

No forecast can be 100% accurate, but it provides planning opportunities. Putting cash aside for shortfalls, looking at alternative income streams to smooth out dips, and identifying areas to improve are examples of decisions that can be made off the back of accurate numbers.

How can cloud accounting software help my business?

Regular and accurate bookkeeping, combined with the use of modern software, allows business owners to know how their business is performing now – not 9 months after their financial year- end.

Having your numbers at your fingertips allows faster decision-making and removes the worry about how your business is performing.

Implementing time saving features such as automated invoicing, digital time-sheets and automated debt control all free up time.