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Specialist Accountant for Food & Catering Businesses

The UK’s ‘farm to fork’ sector—which includes agriculture, catering, as well as food and beverage manufacturing, wholesaling, and retailing—contributed £121.6 billion to the country’s economy in 2017. Consumer spending, meanwhile, showed a continued upward trend in the past decade, increasing by 34% since 2009.

This sector is evolving rapidly. However, food and drink businesses also face increasing demands from consumers, more business challenges (e.g. packing, traceability, health issues), price fluctuations, and retailer consolidation.

At AK Tax, we’ll make sure your business stays flexible enough to weather these changes. Our specialised accounting services cater to the entire food and catering supply chain—from farming to distribution to restaurants and caterers.

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Food and Drink

There is a huge demand in the country’s food and drink sector, as evidenced by the £88 billion that consumers spent in 2017 alone. This means more competitors are showing up in this area, which ultimately affects supermarket prices and the prices of raw materials.

Whether you’re a wholesale supplier, franchise restaurant, food truck, bars, cafes, or takeaway venues, you need an accountant who has extensive experience in this industry to help you maintain a profitable business. Our services tailored to the food and drink sector include:

  • Personal and Business Taxation — We will accomplish your self assessment taxation requirements and submit them on time, including personal tax planning, income tax returns, VAT, audits, and profit adjustment for tax computations.
  • Accounts Preparation — We’ll prepare your company accounts and tax returns using Xero cloud accounting software, so you can immediately see where your business stands today and against your competitors. We’ll highlight key metrics that will drive business growth and analyse data for even more ways to maximise your profit. We’ll also help you present these figures in a simple and understandable format for stakeholders and investors.
  • Compliance — With our services, your business will always comply with laws and regulatory bodies. You’ll also be notified of any new legal changes that will affect your business and/or the industry as a whole.
  • Cash Flow and Budgeting — We’ll take into consideration any seasonal changes, fluctuations in prices, and changes in consumer demand, so your business can adjust without going in the red.
  • Payroll — We’ll process payroll, prepare PAYE remittances, accomplish all forms and requirements by the end of the year, and liaise with the HMRC for any enquiries.
  • Innovation and Growth — If you intend to grow your business, we’ll lend a hand with figuring out your R&D tax relief, restructure your taxes if need be, and raise any necessary funding.
  • Employment — As employees are integral to business longevity, we’ll help you come up with tax-efficient remuneration packages, figure out employee share schemes, stay compliant with employment taxes, administer payroll, and advise on recruitment and selection.
  • Exporting — If you export your products, we’ll let you know the taxation, customs, and duties required, and make sure you deliver.
  • Business Support — We’ll provide strategic recommendations for exit strategies, business plans, buying and selling businesses, and the technology you’ll need for the company.

Get in touch

If you have any queries, please get in touch. We offer a free initial consultation to talk about your requirements and potential solutions.

01634 540 040

Contact Us

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We have three packages to suit most needs, however, if it’s not quite tailored enough then please get in touch as bespoke packages are always an option.

AK FD

Elite

For larger businesses or those with more complex needs.

Custom Pricing

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AK Advantage

Growth

For growing businesses that need more support.

£229 + VAT

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AK Startup+

Startup+

For businesses just starting out.

£119 + VAT

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Our Food & Catering Accountancy Services

We take care of all of your specialist requirements.

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What Our Clients Say

  • I was looking for a firm of accountants who use Xero as I needed all the facilities it offers. Andy at AK Tax is a great guy and he made the whole process really simple. I really like the fixed fee packages as it means I know what my outgoings are each month. Even though they're based in Kent working with my accountant online is easy and I'm always up-to-date with how the business is performing.

    Paul Morris Avatar Paul Morris

    Medfab Ltd have been working with Andy for 2 years now, the service and expertise is 2nd to none. I have had other accountants in the past that came highly recommended but are nowhere in the slightest to the calibre you receive fr AK Tax and accountancy. regards Kevin Harris Medfab ltd Managing Director,

    stephen Nichols Avatar stephen Nichols

    Left it a bit late with my accounts and tax return, but I got a quick appointment and they managed to get it all sorted out in time. Thanks guys.

    Amy Smith Avatar Amy Smith
  • Amazing company to be with, always have time for you and deal with things straight away. I can't recommend AK enough, Andy and the team have made my life so much more simple.

    James Henderson Avatar James Henderson

    Excellent relationships on a B2B level - handles our filings and queries with ease taking time to explain which is a rarity today. A vital part of my business model, and a valuable person to know.

    MSC Accountancy Avatar MSC Accountancy

    I needed some help getting my tax affairs in order. The AK Tax team sorted me out and then made everything easy going forward. Great service.

    Edward Felton Avatar Edward Felton

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    Get in touch

    Whether you’re starting up or you’re an established business, we’ll make your work with us as easy as humanly possible – starting from the time you get in touch. Just call us on 01634 540040 or complete the form below and we’ll get back to you ASAP.