Running a pub, bar or nightclub is a niche business. You need an accountant who understands the nuances of your industry and the unique challenges you face. Heavy regulation around liquor licensing laws, irregular trading hours, casual employees, tips and cash sales are just some of the issues that impact accounting for pubs, bars and nightclubs.
At Platinum Accounting & Taxation in Melton, we specialise in accounting for pubs and clubs. Since 2009, we’ve worked with heaps of hospitality businesses across all facets of financial accounting. From established pubs to small startups, our award-winning accountants have helped countless businesses, just like yours, achieve incredible growth and success. Plus, we do it all with a smile.
Like you, we understand that great customer service counts. We’re serious about accounting, but we’re also easy-going, accessible and approachable. Our friendly team works hard to ensure that every interaction you have with Platinum Accounting is smooth, stress-free and enjoyable. Just like a trip to your local.
Startup advice for pubs and clubs
Australia is known for its vibrant nightlife and laidback culture. Many Aussies dream of owning a pub or club, but very few succeed in bringing the dream to life. Like all hospitality businesses, running a bar or nightclub is incredibly demanding. With around 9,000 bars, taverns, clubs and breweries across the county, the industry is also highly competitive. If you’re just starting out, an experienced hospitality accountant can mean the difference between success and failure.
Here at Platinum Accounting & Taxation, we’re experts in both the startup space and the hospitality industry. We know what it takes to get a new pub or club running and we can help you fast-track your dream with minimal fuss – and maximum financial support.
It’s no secret that starting a pub, bar or nightclub is expensive. There are high overhead costs, like rent, equipment and insurance, so it’s critical to manage your money closely. Our accountants work with you to create a practical budget, as well as strong cash flow strategies, to ensure the tap never runs dry while you’re getting set up. Plus, if you need finance for tools or equipment, we can even connect you with a lending specialist at our Melton office.
Here’s an overview of the startup advice we provide for pubs and clubs:
- Determine the best business structure for your pub
- Create actionable business and marketing plans
- Set up strong cash flow management systems
- Provide effective strategies to protect your assets and legally minimise tax
- Advise on profitable product and service pricing strategies
- Offer ongoing support and business coaching to help you grow
Accounting services for pubs and clubs
Business structure and startup advice is just the beginning at Platinum Accounting. Once your bar is open for business, we offer the full scope of accounting, taxation and bookkeeping services. From essential services like GST, BAS and tax return preparation, all the way through to complex tax minimisation strategies, we’ve got you covered. Here are some of our key accounting services for pubs, bars and nightclubs:
- Business accounting
- Cloud bookkeeping
- Tax compliance and advice
- Tax return preparation
- BAS preparation
- GST set up, advice and lodgement
- Payroll, superannuation and FBT
- Cash flow forecasting
- Business structure advice
- Business coaching
Affordable, fixed-fee accounting packages
In the hospitality business, the cash (and the alcohol) doesn’t always flow at the same pace all year round. To make budgeting easier, Platinum Accounting offers a range of value-packed, fixed-fee packages for pubs, bars and nightclubs. Our business accounting packages and cloud bookkeeping packages are popular with pub owners, as they’re affordable, comprehensive and payable monthly. That means no surprises when it comes to price.
Prefer to pay for individual services? No problem at Platinum Accounting. We’re here for you when you need us.
Get started today
Get in touch with our team to talk about our accounting services for pubs and clubs. Our office is based in Melton, but we work with pubs, bars and nightclub owners right across Melbourne, including Bacchus Marsh, Brookfield, Eynesbury, Deer Park, Gisborne and Caroline Springs.
