Hospitality Accounting: Council fees for restaurants, cafes and small businesses to be cut by 50 per cent

By Sky Accountants

Council fees for restaurants and cafes will be reduced in Brisbane as part of Mayor Adrian Schrinner’s efforts to support small businesses in the suburbs and it’s time to review your hospitality accounting.

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According to reports, footpath dining permit fees for new businesses will be slashed by 50 per cent as soon as council reveals its annual budget. This will save businesses about $670. Food business licences for new eateries will also be cut in half to around $400 per year while existing small business will receive a 10 per cent reduction in their annual fees.

The discounts would be worth $2 million and will apply to market stall fees, food van licences and business advertising applications, among others. Schrinner believes that the 124,000 small businesses in Brisbane are the backbone of its economy, providing local goods and services in the city. The reductions will focus on charges and fees that often impact small businesses. It would be a great time to seek hospitality accounting services to find out how you can save your businesses from these fees.

Schrinner aims to support local shopfronts so there will be more to see and do locally across Brisbane. He wants small businesses to succeed in Brisbane that’s why they are committing $50,000 to a Suburban Shopfront Program to activate local shopfronts. The program also involves an innovative matching model that allows creative industry and social enterprises to occupy vacant shopfronts.

Meanwhile, there will be a $50,000 program that will focus on growing new home-based businesses in the suburbs and another $50,000 will be allocated to local trader associations so they can better develop precinct promotional plans. Schrinner has committed up to 80 per cent of procurement from southeast Queensland businesses.

As you look for different ways to grow and improve your business, seeking professional advice could prove to be an important and helpful decision.

You can click here to speak to hospitality accounting and business experts. We would love to help you formulate investment strategies and streamline your processes to take your business to the next level. Our goal is to help you grow your business, find ways to invest more and increase your productivity.

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