The leading accountants in Leeds for restaurants, cafes, and takeaways

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Take the burden off your shoulders

You didn’t start your restaurant or cafe business because you wanted to stress over handling financial records, audits, and taxes. You started because you love cooking, experimenting with new dishes, and watching the smiling faces of your customers as they enjoy your dishes.

But now you’re faced with the stress of doing all these things yourself to keep your business alive and running smoothly. Well, what if you didn’t have to do it yourself?

Female restaurant owner with a tablet at work showing sales transactions

Accountants for restaurants, cafes, and takeaways

Are you a food service business? Leave the accounting to the experts while you run your business in peace.

Restaurant and Cafes

Restaurants and Cafes

We partner with restaurants and cafes of all sizes, providing expert accounting support to help manage finances and improve profitability.

Takeaways

Takeaways

We work with independant takeaway owners, who are looking for reliable support with VAT, payroll, and cash flow management.

Food Wholesalers

Food Wholesalers

We help food wholesalers streamline their finances, manage complex inventory costs, and stay on top of their cash flow.

Let us do it for you

At MSF Associates accountants in Leeds, we are qualified professional accountants with years of experience serving the hospitality industry and delivering excellent service to our clients. This is why we understand you perfectly and know just how to help you.

 

We’ve made it our mission to not just give you what you need but what you want. You deserve to run your business without worrying over your finances. And we are here to give you the advice and more in-depth details as to why and how we get the figures we present, and what you can actually do in the future to put yourself in a better position. 

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Restaurant owner viewing business cashflow on laptop

How we help 

Bookkeeping and Accounts

Bookkeeping and Accounts

We keep your financial records up to date and within HMRC adequate records requirements.

Business Compliance Review

Business Compliance Review

We analyse your records, interpret the data, and provide clear advice to guide the decisions that drive your success.

Tax Investigations

Tax Investigations

We make investigations into the UK's tax regulations and keep you informed so you never pay more taxes unexpectedly.

Payroll

Payroll

Ensuring that your staffs are paid on time and regulating your staffing costs to keep you profitable.

VAT

VAT

Helping you understand which foods are subject to VAT and ensuring your VAT returns are filed correctly.

Research and Development

Research and Development 

Identifying eligible expenditure within your business. Helping ensure you claim back as much as possible.

Get started with us

Step one

Step 1

To get the process started, book a meeting with an expert from our team

Step two

Step 2

On the meeting we will discuss our plan to help you streamline your business

Step three

Step 3

We sign you up into our client portal and give you absolute peace of mind

Free Download

Five Biggest Money Mistakes Food Service Businesses Make

(and how to avoid them!)

This eBook highlights the five biggest financial mistakes food and hospitality businesses make and offers practical steps to avoid them, helping you stay out of the 60% that fail in their first year and build a thriving, successful business.

Five Biggest Money Mistakes Food Service Businesses Make

Our promises to you

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Timely reports and transparency

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Quick and friendly customer service

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Peace of mind about your finances

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Proper taxes

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Proper expert advice

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Advice on how to ensure maximum profits

Restaurant owner look at her laptop smiling

Book a call with an expert

Be the happy, free, passionate and successful restaurant owner. Leave the tedious financial jargon to us. Work with MSF Associates today!

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Latest Articles

By Mustafa Ahmed June 19, 2025
Every restaurant or café owner has been there – you’ve got a fully booked night ahead, the kitchen’s prepped, the staff are ready – and then the dreaded phone call (or worse, no call at all). A table cancels last–minute, or simply doesn’t show up. One or two cancellations might not seem like a big deal, but over time, they chip away at your profits. Worse, they leave you with empty tables that you can’t easily refill. So, what can you do to protect your profits without putting customers off? Here are some practical steps that many of the businesses we work with have found useful. 1. Set Clear Booking Policies It sounds obvious, but a lot of cafés and restaurants don’t have a proper cancellation policy – or if they do, it’s hidden in tiny print. Make sure you’ve got a clear, fair policy that sets expectations from the start. For example: Free cancellations up to 24 or 48 hours before A charge for no–shows or late cancellations (usually a set amount per person) Be upfront about it on your website, booking confirmation emails, and menus if you can. When people know there’s a charge, they’re much more likely to let you know if their plans change. 2. Consider Deposits for Peak Times For busy evenings or large group bookings, it’s fair to ask for a deposit – say £10 or £20 per head – when the reservation is made. This can be deducted from the final bill, or kept if they don’t show. We've found that some businesses find this feels awkward at first, but most customers understand it’s a way to protect your business. Especially after the last few years, diners are a lot more used to paying deposits than they used to be. 3. Use Online Booking Systems If you’re still relying on a diary and phone calls, it might be time to upgrade. Online booking systems like OpenTable, ResDiary, or simple booking widgets on your website can: Collect deposits automatically Send reminders to customers Make it easy for customers to cancel or amend bookings properly This takes the burden off your front–of–house team and reduces the number of no–shows. 4. Confirm and Remind A simple reminder text or email 24 hours before the booking can make all the difference. People forget – plans change – but a nudge gives them the chance to cancel properly rather than just not turn up. If you’re using an online system, these reminders can usually be automated, saving you even more time. 5. Keep a Waiting List For particularly busy services – Friday nights, Sunday lunches – keeping a simple waiting list can help. If you get a cancellation, you’ve got a list of people you can call straight away to fill the gap. It’s not foolproof, but even if you fill one cancelled table a night, that’s a big difference over the course of a month. 6. Review Your No–Show Rate Keep an eye on how often no–shows are happening. If it’s regular – or you notice certain times, days, or booking sizes are worse – it might be time to tighten your policies. You could also consider rewarding regular customers who always turn up with loyalty perks or priority bookings. Positive reinforcement works just as well as penalties sometimes. Final Thought No–shows and last–minute cancellations are frustrating – but you don’t have to just accept them as part of the job. A few simple systems can protect your profits, keep your service running smoothly, and make sure your tables are full more often than not. We work with cafés, restaurants, and takeaways every day – helping you not just with the numbers, but with practical advice to make your business more profitable. If you’d like a chat about improving your margins and getting more out of your busy periods, book a call with one of our team today . Restaurants, cafes, and takeaways can benefit greatly from working with a specialist accountant. If you hadn’t noticed already, we are specialist accountants in Leeds for food service businesses, so unlike most accountants, we have years of experience working with businesses just like you. If you're interested in finding out more about how we can help your restaurant become more profitable, book a call with one of our accounting experts .
By Mustafa Ahmed June 9, 2025
Running a café, restaurant, or takeaway is hard work. You’re juggling long hours, staff, suppliers, and customers – and probably don’t have much spare time to think about company structures. But if you’re growing, or planning to, how you set up your business can make a real difference. If you’ve been wondering whether you should incorporate your restaurant – or if it’s even worth the hassle, here’s what you need to know. Why Incorporate? If you’re currently operating as a sole trader, you are the business. There’s no legal separation between your personal assets and your business liabilities. If something goes wrong – a customer claim, a supplier dispute – your personal savings, your home, even your car could be at risk. Setting up a limited company creates a legal divide. The business becomes its own entity, responsible for its own debts and obligations. Your personal risk is generally limited to the amount you invest in the business, giving you a bit more peace of mind. Other benefits of incorporating include: Tax efficiency : Limited companies often pay corporation tax, which can work out cheaper than income tax once profits grow. Credibility : Suppliers, landlords, and lenders tend to take limited companies more seriously. Opportunities to grow : Bringing in partners or investors is much simpler with a company structure. Pension contributions : A limited company can pay into a director’s pension and treat it as a business expense, a tax-efficient way to save for the future. When’s the Right Time? There’s no one-size-fits-all answer, but here are a few signs it might be time to think about it: You’re earning a decent profit : Once your business is pulling in more than you need to live on, you can benefit from taking a salary and dividends, often a more tax-efficient way to pay yourself. You’re hiring staff : If you’re growing your team, it can make sense to have that extra legal protection. You’re investing in new equipment or premises : Having a limited company can make it easier to secure finance or leases. You’re worried about risk : The more customers you serve, the more potential for something to go wrong – and that’s when the protection of a limited company can be worth its weight. How to Incorporate The good news? It’s not as complicated as you might think. Here’s what’s involved: Choose a name : It must be unique and follow Companies House rules (no offensive words, no claims of royal patronage unless you’ve got permission). Register with Companies House : You can do this online for £12 – or we can handle it for you as part of our service. Set up a business bank account : A limited company must have its own bank account – it’s the company’s money, not yours. Understand your new responsibilities : As a director, you’ll need to file annual accounts, a confirmation statement, and a corporation tax return. But don’t worry – that’s where we come in. Update your records : HMRC, your suppliers, your landlord – they all need to know you’re now a limited company. Common Myths (Busted) “It’s too expensive.” The registration fee is a one-off £12. Accountancy fees might be a little higher for a limited company – but the tax savings often more than cover the difference. “It’s only for big businesses.” Not true. Plenty of small cafés, pop-ups, and food trucks operate as limited companies, it’s about protection and planning for the future. “It’s too complicated.” It can feel daunting, but with the right support, it’s much simpler than you might think. We guide plenty of food businesses through it every year. Final Thought If your restaurant or café is growing, or if you simply want the reassurance of protecting your personal assets, it could be the right time to think about incorporation. If you’d like a no-pressure chat about whether it’s right for you, we’re here to help. Book a call with one of our accounting experts and let’s see how we can help you grow with confidence. Restaurants, cafes, and takeaways can benefit greatly from working with a specialist accountant. If you hadn’t noticed already, we are specialist accountants in Leeds for food service businesses, so unlike most accountants, we have years of experience working with businesses just like you. If you're interested in finding out more about how we can help your restaurant become more profitable, book a call with one of our accounting experts .
By Mustafa Ahmed May 16, 2025
According to the Financial Conduct Authority’s latest Financial Lives survey, millions of UK adults are walking a financial tightrope – with one in ten not having any savings whatsoever, and another 21% having less than £1,000 tucked away. But while the report paints a worrying picture, there’s good news too: your situation can change. Even small steps can have a big impact on your financial wellbeing. If you're feeling the pressure, here are some practical ways to regain control and start building up savings – no matter how tight things feel right now. 1. Start with a Financial Health Check Before you can make changes, you need to know where you stand. Look over your recent bank statements and make a list of: Your total monthly income Fixed costs (e.g. rent, utilities, transport) Variable costs (e.g. groceries, eating out, subscriptions) Any outstanding debts It’s not always easy to face the numbers, but understanding them gives you clarity – and control. 2. Build a Bare-Bones Budget A “bare-bones” budget covers essentials only: housing, food, utilities, and necessary travel. This can help identify any unnecessary spending that could be trimmed or paused. Ask yourself: Can I switch to a cheaper utility or phone provider? Are there subscriptions I’m not using? Could I swap one takeaway a month for a home-cooked meal? Redirecting even £10–£20 a month can be the seed of a savings habit. 3. Create a 'Rainy Day' Savings Pot Once you’ve identified some breathing room, open a dedicated savings account – ideally one that’s separate from your everyday current account to avoid dipping into it. Many banks now offer: Instant-access savings accounts Round-up savings (which round your purchases up to the nearest pound and save the spare change) Digital pots that let you assign money to specific goals Even saving £1 a day adds up to £365 a year – a helpful cushion when the boiler breaks or the car needs repairs. 4. Prioritise Debt, but Don’t Neglect Saving If you’re dealing with debt, it's important to prioritise high-interest balances first – like credit cards or payday loans. But that doesn’t mean you shouldn’t save at all. Having even a small savings buffer means you’re less likely to fall back into debt when unexpected costs arise. Consider a 70/30 approach: put 70% of any extra money towards debt and 30% into your emergency fund. 5. Seek Free, Trusted Advice You're not alone – and you don’t have to figure this out on your own either. The FCA’s report noted that help is available. You can speak to: StepChange Debt Charity MoneyHelper (formerly Money Advice Service) Citizens Advice These organisations offer confidential, free advice tailored to your situation. 6. Set a Simple Goal to Stay Motivated Saving can feel abstract when money is tight, so make your goal real. Are you saving for car repairs? An unexpected bill? A quiet Christmas? Naming your savings pot gives it purpose and keeps you motivated. Final Thought We know that managing money isn’t always easy – especially when things feel tight. It’s not just about what you earn, but how you stay on top of it. Making small, steady changes can ease the pressure and help you feel more in control. If you’d like some practical support or a second pair of eyes on your finances, we’re here to help. Restaurants, cafes, and takeaways can benefit greatly from working with a specialist accountant. If you hadn’t noticed already, we are specialist accountants in Leeds for food service businesses, so unlike most accountants, we have years of experience working with businesses just like you. If you're interested in finding out more about how we can help your restaurant become more profitable, book a call with one of our accounting experts . 
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