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Travel Industry
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, Ashford Louis’ Accounts and Audit team (all qualified ATOL Reporting Accountants) is second to none. In fact, our clients call them the A Team as their advice and added value input is exceptional. Our specialist services include among other things:
  • Regulatory reporting requirements for CAA, ABTA
  • Distinguishing Licensable and Non-Licensable turnover, Principal and Agency status and how these affect your bonding costs
  • CAA's Free Assets and ABTA working capital requirements
  • IATA's financial criteria and audit requirements – all IATA agents must provide audited accounts
  • Specialist knowledge of VAT and TOM
  • 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
We have made it our business to understand your business with one goal in mind – to add real value to your travel business.