Quill understand the complexities for small family businesses and particularly of those in the hospitality industry. Whether you are a café, restaurant, fast food franchise, bar, tavern, or larger hotel group, Quill can help you navigate through industry specific issues as well as provide a strategy for growth.
Hit hardest by restrictions to trading due to COVID19, it’s important those in the hospitality and tourism industry develop a plan that helps your business recover and thrive. Critical to survival is also to ensure that a comprehensive cashflow forecast and budget is in place.
We are across all matters that concern our clients, such as acknowledging the ATO recently tightened its definition of who is an employee and to whom you are required to pay super. With these laws now extending to entertainers and musicians, we want to ensure that you understand your superannuation obligations and fair work requirements and how these relate to all employees including full time, part time, casual and semi casual staff, as well as when engaging with contractors.
With cashflow often a significant concern to the Hospitality industry, Quill can help you manage by preparing budgets and forecasts, managing debtors and creditors, work in progress and stock control efficiency, as well as working with trade financiers to help smooth peaks and troughs.
Also, on the back of COVID19 both the Federal and State Government have announced various small business grants and it is anticipated that more additional grant funding and programs will follow to support business in critical industries, such as those in hospitality and tourism.
It’s important that your business is ready to act and take advantage of these programs as they often only have a certain allocated amount of funding available, with applications only accepted until these funds are exhausted. Quill can assist with helping you consider your eligibility, scoping an eligible project that will form part of the grant application, and then prepare any project budgets or submissions ready to present for a grant.
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