account manager
Dedicated account manager
pile of coins
Fixed monthly cost
till icon
Straightforward Advice
pound in the hand
Pay Less Tax
greek building
Excellent Customer Service
online accounts
Xero Online Accounts

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.

serrano ham nibbles

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

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 Startup+

AK Startup +

Designed for the small or starting business. Makes sure your taxes and accounts are filed, and your back is covered.

£109 + VAT

Learn more

AK Advantage

AK Advantage

Vital input on your financials while making sure that your taxes are always minimised. It’s our most popular package.

£209 + VAT

Learn more

AK FD

AK FD

All the expertise of a Financial Director into your business, for a fraction of the cost (and still files your accounts and tax returns).

£499 + VAT

Learn more

Our Food & Catering Accountancy Services

We take care of all of your specialist requirements.

What Our Clients Say

  • review rating 5  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.

    thumb James Henderson

    review rating 5  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.

    thumb Edward Felton

    review rating 5  We pass many high-value transactions through our property companies, and AK Tax & Accountancy have always helped us to get things sorted out. We have also been able to move onto Xero software which has made the bookkeeping so much easier. We have been with this company for a number of years and I have no hesitation in writing this strong review. A good company to work with!

    thumb steve gray
  • review rating 5  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.

    thumb Amy Smith

    review rating 5  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,

    thumb stephen Nichols

    review rating 5  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.

    thumb MSC Accountancy

Explore our latest blogs

The 8 Common Mistakes Companies Make When Doing Payroll

The monthly payroll is something that most businesses have to do, and it’s important to get it right. There is a lot to know about payroll, and small mistakes made by someone in the payroll department could lead to underpaying or overpaying employees or failing to meet the regulations – which could lead to fines. […]

Read more

The Small Business Guide to Profit and Loss Accounts

Businesses must prepare several annual accounts every year. One of these is your balance sheet, which shows what you owe and what is owed to you, and another is your profit and loss account. In this guide, we’ll be looking at the profit and loss account to provide you with a better idea of everything […]

Read more

How Does VAT Work in the UK?

Whether you’re planning to start a business or your business is growing rapidly, it’s important to know about your VAT obligations. In this guide, we’ll cover everything you need to know about VAT to get you started. What Is VAT? VAT stands for Value Added Tax, and it’s one of the many taxes that businesses […]

Read more

Read more from our blog

Top

Get in touch

Please complete the form and we'll be in touch as soon as possible.

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.