Tackle even your most challenging small business tasks with ease. Let Liston Newton Advisory handle all your tax and accounting needs.
We understand the unique demands facing the hospitality industry – and we're here to offer the advice and support you need to help your business thrive.
From tax planning to bookkeeping, payroll and asset protection advice, we can guide and support you with specialised services designed to make work easier.
Bookkeeping and payroll
Tax and accounting advice
Asset protection advice
We've been providing transformative accountancy solutions for the hospitality industry for more than 40 years.
From bookkeeping and payroll to tax planning and asset protection, pick and choose what you need from our expert services.
We value our clients as trusted partners – and we gather all the business insights required to help us make a considerable impact.
Using the latest innovations, our accounting automation products can propel business efficiency for seamless day-to-day operation.
Victorian company Nagambie Brewery & Distillery needed help creating the right business and accountancy processes to support their operation.
We first helped them with their set-up, providing advice on the best business structure, assigning the property and the business as separate entities for improved asset protection.
Next we supported them with ongoing accounting and tax reporting services – and we also continue to offer yearly tax minimisation planning strategies to help boost profitability and ensure continued business success.
Our 40 years of hospitality industry experience has given us all the strategic abilities and insights you need to achieve accounting success.
For strategic advice and day-to-day accounting support, Liston Newton Advisory is here to help.
The two most important questions to ask yourself beforehand are:
1. Does my current business have reliable staffing and procedures in place? Provided that's the case, these procedures can be replicated, enabling you to easily transfer administration, staffing and bookkeeping systems to the new location.
2. Do I have sufficient funding to support the new location? It's essential to have a proper budget for your new premises. You'll also need to ensure adequate funding from financial lenders or other investors. Too often, poor planning for expansion leads not only to the new location failing, but also to the demise of the existing and formerly thriving businesses.
You'll need to determine the optimal staff arrangements for your individual circumstances. We can help you decide which set-up best aligns with your short and long-term financial goals.
In some situations, it can be more cost-effective to move casual staff into part-time roles – particularly if they are regularly rostered onto weekends and public holidays. Award rates are constantly changing and it's important to seek advice from hospitality accountants to manage these changes profitably.
There are many rostering systems out there, each with its pros and cons that may or may not suit your business. In our experience, Deputy is a powerful and dependable rostering system that connects directly to Xero and can handle the needs of most small, medium and large hospitality businesses.
Our team will help you make the most of your bar or pub. Talk to us for expert advice.