The travel and tourism sector is being challenged like never before. Pre-Brexit issues of economic upheaval, cost-pressures and regulatory challenges now seem a lifetime away from the unprecedented impact of coronavirus.
Right now, the name of the game is survival. In a post-lockdown world, opportunities will still be available, albeit in a very different world where social distancing will become the norm, consumer confidence is low and customer purchasing patterns are transformed.
An agile business model where technology and hygiene come front and centre is going to be essential for the sector as we enter the ‘new normal’.
How we assist our clients
In the immediate aftermath of coronavirus, we have been assisting clients with:
- accessing funding and restructuring advice;
- refining cash flow forecast models;
- workforce planning including legal, HR and tax advice;
- accounting and tax advice;
- technology implementation; and
- risk advisory.
As businesses look beyond survival to the opportunities for growth, our services to support them include audit; accounting and tax advice; financial remodelling; technology implementation and risk advisory; corporate finance, M&A and restructuring; legal and HR; payroll and more.
We are also able to assist you with navigating your Insurance Premium Tax liabilities, helping ensure compliance with the GDPR and ensuring your systems are fit for purpose.
We also aid businesses with the complex areas of Tour Operator Margin Scheme (“TOMS”) arrangements, transfer pricing reviews, Civil Aviation Authority (“CAA”) Accountants’ Reporting and ATOL renewal.
Do you need help to achieve your objectives?
Get in touch with Ian Bell our Head of Travel and Tourism to discuss how we can assist you in achieving your strategic plans.