Travel accounts and audit
You work in a highly regulated industry which is always in the spotlight. A specialist sector requires specialist expertise and knowledge. When it comes to understanding the Travel Industry, Xeinadin’s specialist travel accounts and audit team is second to none.
Expert travel and tourism accountants
In the dynamic and ever-evolving travel and tourism industry, financial stability and accurate record-keeping are paramount for success. Whether you’re a tour operator, travel agency, hotelier, or any other business within this sector, having a reliable accountant is essential.
Partnering with Xeinadin means more than just financial management; it means gaining a dedicated ally in your quest for success in the travel and tourism industry. Let us help you navigate the financial complexities of this exciting sector, allowing you to focus on what you do best – providing exceptional experiences for your customers.
Our specialist expertise encompasses:
- Regulatory reporting requirements for CAA, ABTA, IPP and more
- Distinguishing Licensable and Non-Licensable turnover, Principal and Agency status and how these affect your bonding costs
- ABTA, ABTOT and ATOL Financial criteria and renewal process
- IATA's financial requirements and risk assessment
- Specialist knowledge of VAT and TOMS
- Detailed knowledge of different reservations systems and how these can be linked to your accounting software
- Industry benchmarking expertise
- Identifying exposure to risk
- Stakeholder expectations and practices including merchant services, banks, external investors and others
- Close collaboration with our Travel Tax Team to minimise corporation tax, ensures you benefit from all available allowances and that the extraction of profits for shareholders never loses sight of your regulators' requirements
- Close collaboration with Summit Advisory, our in-house Travel Business Advisors who help travel business owners grow, expand through acquisitions or sell their travel business
- Close collaboration with Cavendish Ware+, in-house Personal Financial Planning and Investment Management specialists to ensure your own personal financial welfare and to protect your business
- Operation and mechanism of a Trust Account Model
Book a meeting
Book a free, no-obligation chat with our experts where we find out a bit more about your business, explain our services, and how we could work with you.
Get in touch
Whether you have a clear goal in mind or are open to exploring possibilities, we’re at your service to assist you.
Our services for travel and tourism businesses
01
Tax
Our Travel Tax Team works closely with you and our Travel Accounts & Audit Team to ensure we highlight opportunities many travel businesses overlook and pitfalls to avoid. These range from rewarding and incentivising your team with the right Employee Share Scheme to significant R&D Tax Relief refunds which we spearhead in the Travel Industry.
02
Corporate Finance
Our corporate finance experts are good people to have in your corner for any business acquisition, funding requirement, or management buyout. Our hugely experienced heavy hitters will support you every step of the journey, and keep you one step ahead of the competition, so you can embark on suitable deals with confidence.
03
VAT and TOMS
In the travel industry, VAT rules are complex and constantly changing, making it challenging to ensure VAT efficiency. With our extensive experience in TOMS rules, we can help optimise your VAT application. Whether it involves TOMS, considering the transport company scheme, or finding alternatives, we aim for better outcomes.
04
Events
We run a series of events throughout the year for our clients and guests, in addition to delivering many for leading trade associations, including ABTA, AITO, ETOA, BETA, UKinbound, ABTOI, Advantage Travel Partnership and the Bespoke Travel Group.
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