Hospitality Accountants Birmingham
Scale Your Venue, Protect Your Margin
Stop drowning in daily reconciliations. We automate your back-office so you can focus on the front-of-house experience.
In Hospitality, Cash is King but Data is the Crown.
Running a restaurant or hotel in Birmingham is a high-stakes game. Whether it’s shifting food costs, labor shortages, or changing regulations, your success depends on one thing: Real-time visibility. If you’re waiting for your year-end accounts to see if you made a profit, you’re already behind.
At MyClearTax, based on Warwick Road (B27), we are the financial partners for Birmingham’s most resilient venues, from the independent gems in the Jewellery Quarter to the high-volume icons on Broad Street.
The Pillars of a Profitable Venue
1. Seamless EPOS & Till Integration
Manual data entry is the enemy of accuracy. We bridge the gap between your till (Square, Zettle, Lightspeed) and your books (Xero/QuickBooks).
Automated Daily Reconciliations: Sales, card payments, and delivery platform fees (Deliveroo/UberEats) are synced every night.
The Result: You start every morning with an accurate view of your bank balance and your liabilities.
2. Compliant Tronc & Tipping Systems
Tips are a vital part of staff retention, but they are a tax minefield. We help you implement and manage an independent Troncmaster system that is fully compliant with the latest UK legislation.
Save on Tax: Properly structured Tronc schemes can save your business thousands in Employer National Insurance while putting more money in your staff’s pockets.
3. Real-Time GP & Labour Tracking
A profitable menu is a balanced menu. We integrate your accounting with inventory tools to track your Gross Profit (GP) per dish and your Labour % vs. Sales.
Proactive Decisions: If supplier prices rise, you’ll know instantly, allowing you to tweak your recipes or pricing before your margins vanish.
We have in-depth experience with the following compliance and consulting services specific to the Hospitality sector:
Accountancy Services
- Bookkeeping
- Financial Accounting
- Payroll Management
- Budgets and Cash Flow
Taxation Services
- Self Assessment
- Corporate Tax
- Vat Registration & Return
- Capital Gain Taxes
Don’t Let Your Profits Burn in the Kitchen
Let’s review your till setup and see where we can automate your admin and increase your margins.
Get a Free 15-Minute Hospitality Strategy Session.
Why Birmingham’s Hospitality Leaders Build with Us
We aren’t just “accountants”; we are your financial directors.
Delivery Platform Forensics: We unravel the complex statements from third-party apps to ensure you are actually getting paid every penny you are owed.
Capital Allowances for Growth: Planning a refurb or a second site? We maximize your tax relief on kitchen hardware, lighting, and interior fit-outs.
B27 Local Authority: We are part of the Birmingham community. From Acocks Green to Solihull, we provide face-to-face strategy sessions to keep your brand scaling.
People Asked For
The secret is “Menu Engineering.” We help you analyze your “Cost of Goods Sold” (COGS) vs. your sales data. This highlights your “Stars” (high profit/high popularity) and your “Dogs” (low profit/low popularity) so you can optimize your menu for maximum return.
Logistics and hospitality share a common struggle: seasonality. We create 12-month cash flow forecasts that help you build “reserves” during peak periods (like the Christmas markets or summer festivals) to comfortably cover the quieter months.
Yes. The rules around hot food and dine-in services are complex. We audit your sales categories to ensure you are applying the correct VAT rate, preventing costly overpayments or HMRC penalties.
Not necessarily. Raising prices is a blunt instrument that can drive customers away. We analyze your data to find the “silent killers” first. Is it food waste, theft, or over-staffing during slow shifts? We sync your accounting with “Live Labor Tracking” so you can see exactly which hours of the day are draining your bank account. We focus on operational efficiency first, price hikes should be your last resort, not your first.
It’s a common mess, but a dangerous one. Most venues overpay VAT because they account for the gross sale rather than the net after commission, or they lose track of the hidden fees. We implement automated mapping tools that split these statements into “Gross vs. Net” automatically before they hit Xero. This gives you your Actual Margin, what you actually kept, not just a vanity number that includes the platform’s 30% cut.