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Collage of EOG Accounting's Rhys Edwards at Bangor Business School for a podcast recording on the future of tourism and hospitality

A Hospitality podcast with Bangor Business School

Join Rhys Edwards of EOG Accounting on the latest Penny for Your Thoughts podcast by Bangor Business School, where he discusses how climate change, new technology, and overtourism are transforming the tourism and hospitality sectors. Discover why Wales is becoming the future ideal seaside destination and learn about the innovative ways SMEs can navigate these changes. Don’t miss out on this insightful conversation with industry leaders.

A person holding a large clock with red hands, emphasizing the importance of time management and punctuality, representing EOG Accounting's commitment to timely and efficient accounting services for the hospitality industry.

Time and attendance management systems for your hospitality business

Ever-increasing staff costs are putting further pressure on hospitality businesses that rely on seasonal staff during peak periods. Counteracting these pressures isn’t easy, but with careful consideration, certain strategic investments can alleviate the strain of these changes. One such investment is in time and attendance management systems for your hospitality business, getting the right system in place can yield benefits to both employers and employees alike.

Cheerful young waitress wearing apron laughing looking at camera, happy businesswoman small business owner of girl entrepreneur cafe employee posing in restaurant coffee shop interior, portrait

Payroll Tax – Tips and Service Charges

How tips are taxed depends on a few factors. Check out this blog to review the main factors and how they should be treated for tax purposes.

VAT – Tips and Service Charges

Do you need to charge VAT on tips and services charges? Find out here!

Andrew holding a piggy bank and putting money in it

Keep updated on Tips and Service Charges

Whether you’re a seasoned restaurant owner, a budding café entrepreneur, or a hotel manager, staying informed about the ever-evolving landscape of tipping policies and service charge regulations is crucial for your business’s success.

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A Guide to the Break-Even Point in Hospitality

Read our guide to the Break-Even Point in Hospitality. Learn to calculate, utilise, and leverage this critical metric for financial stability

Waste food effects Gross Profit Margins

What should my restaurant’s Gross Profit Margin be?

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.

Portmeirion Hotel

How award-winning Chefs manage finances and team mindset

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.

Scallops quality restaurant ingredient

How top chefs maximise profitability within their restaurants

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!

A professional chef in a white uniform with arms crossed, standing confidently in a restaurant. EOG Accounting partners with hospitality businesses to provide specialized accounting services, ensuring financial efficiency and growth.

What can business owners learn from an award winning chef?

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.

An infographic illustrating a comprehensive business plan framework, highlighting key elements such as long-term vision setting, products and services, marketing strategy, market research and competitor analysis, operations pricing costs and forecasts. EOG Accounting helps hospitality businesses develop robust business plans for financial success.

Why write a Business Plan?

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.

Rhys Edwards from EOG Accounting shrugging. EOG Accounting specialises in helping hospitality businesses create comprehensive business plans to achieve financial success.

How much should I spend on Accountancy fees?

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.