Read our guide to the Break-Even Point in Hospitality. Learn to calculate, utilise, and leverage this critical metric for financial stability
Posted on September 22, 2023
When you’re in the restaurant business, understanding your numbers is crucial. Among the many metrics you need to keep an eye on, your Gross Profit Margin (GPM) stands out as particularly important. But what exactly should your restaurant’s Gross Profit Margin be? Let’s dive in.
Posted on September 4, 2023
My name’s Rhys Edwards, Managing Director of EOG Accounting. After an interview with Mark Threadgill, in this third of our three-part blog, we put down in words how Great British Menu finalist chef Mark Threadgill manages finances and creates a winning mindset within his team.
Posted on August 28, 2023
In the world of hospitality, making a profit doesn’t come easy. My name’s Rhys Edwards, Managing Director of EOG Accountants, and I’ve been talking to award-winning chef Mark Threadgill to get his tips and tricks to help you maximise profitability in your restaurant!
Posted on August 21, 2023
How can business owners learn from an award-winning chef? Before we get on to food costs, menu pricing and the importance of reviewing financial performance, we chat to Mark about his early days, his rise to Head Chef and his experience on the Great British Menu.
Posted on August 4, 2023
A business plan serves as a roadmap, guiding you through the various stages of your business journey. In this blog post, we will explore three reasons why writing a business plan is crucial to your businesses success.
Posted on July 14, 2023
How much do Accountancy fees cost? Too much… I’m sure that’s what you’re going to say! We beat you to it! But, when it comes to managing your finances effectively, investing in an Accountant can be invaluable and choosing the right Accountant for you will allow you to sleep easy at night.
Posted on June 17, 2023
Keeping an eye on your business turnover in relation to the VAT threshold is important for many small business owners. In this blog, we explain the how-to and benefits of knowing when to register for VAT using Xero.
Posted on May 26, 2023
Retail, Leisure and Hospitality Rates Relief in Wales is being offered from 1 April 2023 and will be available until 31 March 2024. The relief must be applied for before 31 March 2024.
Posted on April 14, 2023
Xero communicates the continuous improvement in their product through quarterly updates. Our blog will summarise what you need to know to improve your Xero experience further.
Posted on February 24, 2023
Read our mini-budget 2022 key takeaways, and information about the Energy Bill Relief Scheme for businesses. How will the chancellor’s announcement impact you and your business?
Posted on November 22, 2022