Profit & Loss accounts for hotel and restaurant

b) With regard to revenues related to situations where the customer has not made any cancellation and do not arrive or when the cancellation occurs so late that the guest can be had access to the room, the legal situation at present still uncertain. Tax Board has preliminarily expressed that such income must still be attributed to the rental rates (according Account 3010).

Tax assessment may be as SHR learned from VAT expertise is considered to be inconclusive, since some support for treating such income not taxable supply is to be found for example in a ruling by the ECJ. SHR working for a solution to the question. If you choose not to account for VAT on these revenues SHR recommends that the Tax Authority in writing openly reporting requirements and how to deal with VAT, preferably in an annex to the tax return.

When services are covered by the rule will be invoiced without VAT to traders in other countries, it should be separately indicated that reverse charge with reference to the rule. It should also be noted that these rules mean that if a hotel sells services covered by the rule (t.ex. massage) to a foreign entrepreneur in the EU, these services are reported in a periodic statement every quarter (or monthly). As a seller, you need therefore for each reporting period to know to whom to sell (VAT Number) and for how much.

When a Swedish company provides a service covered by the rule, the seller must be able to show that the buyer is a trader. The seller must also be in good faith that the buyer makes his purchase as a trader. The seller will not tax liable in the normal case is considered in good faith if the seller has established that the buyer's business with the help of such. the buyer's VAT number. Only in the case of those which are normally also provided for other than business (as is the case with such. massagetjänster) the seller must require the purchaser in particular to declare that he makes the acquisition as a trader (and not for private use).

For sales to private individuals is the rule, as before, that taxation should be in the country where the vendor is established. SHR has determined that this account is affected by the change and then VAT should be reported as above.

It should also be noted that these rules mean that if a hotel sells services covered by the rule of a foreign company within the EU, these services are reported in a periodic compilation of each quarter (or monthly). As a seller, you need therefore for each reporting period to know to whom to sell (VAT Number) and for how much. When a Swedish company provides a service covered by the rule, the seller must be able to show that the buyer is a trader.

The seller must also be in good faith that the buyer makes his purchase as a trader. The seller will not tax liable in the normal case is considered in good faith if the seller has established that the buyer's business with the help of such. the buyer's VAT number.

Only in the case of those which are normally also provided for other than business (as is the case with such. massagetjänster) the seller must require the purchaser in particular to declare that he makes the acquisition as a trader (and not for private use).

For sales to private individuals is the rule, as before, that taxation should be in the country where the seller is etableradSHR has determined that this account is affected by changes depending on what kind of services and the VAT which should be reported as above.

SHR invites interested companies to keep abreast of developments, partly through the Tax Agency's website skatteverket.se, partly by SHR:website shr.se.

According to a statement from the Tax to be applied fr.om. 1 april 2009 VAT must be accounted for on the market value of the meal even if the amount paid by the employee is less, t.ex. as a result of collective.

In determining what constitutes fair value for a meal should be in the first place - if it is available - based on the price that outsiders have to pay if they buy meals in the dining room.

A prerequisite for such a price to be applied is that the restaurant is also open, turning to outsiders and that it is not only a question of individual sales to visitors on företaget.Om Such open sales to outsiders does not occur should be according to a statement from the Tax Instead, the average price of a lunch in Sweden serve as a reference (76 kr years 2010).

If the level of service and standard of food is lower than on a normal lunch restaurant, t.ex. självservering, However, a lower price assigned. SHR have been told verbally by the Tax Agency that a price which represents approximately 75 percent of the average price of a lunch in such conditions should normally be accepted (this amount was for years 2009 55 kr, ie. 11 per employee, but it should be noted that the average price of a lunch is adjusted annually). If you choose to apply this standard calculation SHR recommend that you inform in writing the Tax on detta.Erbjudanden of the type that the employee can purchase 11 lunches for the price of 10 regarded as Tax does not mean that sales are made during marknadsvärdet.SHR have VAT expertise learned that it is doubtful whether Tax Board's position is correct. Among other things, questioned whether it is true that VAT should be shown at a higher amount than what is paid if there are business reasons for this. It also stated that it is incorrect to assume Tax average price as comparable external current is missing, but then the cost of provision rather than being based. If you choose to deviate from the Tax position SHR recommend that you open reports in writing to the Tax Agency in order to avoid tax penalties that may otherwise be imposed.

As a seller, you need therefore for each reporting period to know to whom to sell (VAT Number) and for how mycket.När a Swedish company providing a service covered by the rule, the seller must be able to show that the buyer is a business. The seller must also be in good faith that the buyer makes his purchase as a trader. The seller will not tax liable in the normal case is considered in good faith if the seller has established that the buyer's business with the help of such. the buyer's VAT number.

Only in the case of those which are normally also provided for other than business (as is the case with such. massagetjänster) the seller must require the purchaser in particular to declare that he makes the acquisition as a trader (and not for private use).

For sales to private individuals is the rule, as before, that taxation should be in the country where the vendor is established. SHR has determined that this account is affected by the change and then VAT should be reported as above.

Ang. treatment of VAT see account above, 3610

As a seller, you need therefore for each reporting period to know to whom to sell (VAT Number) and for how mycket.När a Swedish company providing a service covered by the rule, the seller must be able to show that the buyer is a business. The seller must also be in good faith that the buyer makes his purchase as a trader.

The seller will not tax liable in the normal case is considered in good faith if the seller has established that the buyer's business with the help of such. the buyer's VAT number. Only in the case of those which are normally also provided for other than business (as is the case with such. massagetjänster) the seller must require the purchaser in particular to declare that he makes the acquisition as a trader (and not for private use).

When selling to private individuals, however, is the general rule as before to taxation in the country where the seller is etablerad.SHR has determined that this account is affected by the changes to VAT and then be reported as above.

2. A standard set by a calculation of the cost to staff the food. Each month, calculated the cost of goods for personalmat by multiplying the monthly number of staff meals with the lump sum. The amount recorded in the debit of account '4230 Staff Matt’ and in credit of Account '4210 Food ', where all purchases made during the month.

If you have no hotel operations or if the store has a distinctive spa-mark should instead purchase those reported in the 466X Account Group.

• Repair and maintenance of premises and property. These costs are recorded in the account '7761 Repair and maintenance of own property

The vehicles should also have a parking controlled by the company when the vehicles are not används.OBS! Account is taken of the special tax rules that apply to leasing and rental of passenger cars. 50 % deduction if the car is used in more than minor in business activity. The amount is not deductible is added to the lease- or rental price.

Expenses for rental cars used temporarily in connection with missions are recorded as expenses on account '5820 Car Costs'.

This type of gift is often provided with a company logo or business name. The gifts also include Christmas gifts.

Within the hotel- and restaurants can be gifts of nights, food and beverages targeted to a specific audience recorded in this account.

The value of a free overnight stay at a time when the hotel is not sold out, for the donor (property) cost of cleaning, laundry and frukost.Beloppen for gifts and promotional gifts are deductible for the company and tax free to the recipient if the value is below the amounts determined annually by the tax.

Gifts that make a personnel reported in account '7631 Staff Representation, deductible 'or account '7632 Staff Representation, non-deductible '.

• Variable fees per booking or percentage of sales commissions. These fees are recorded as revenue reductions (debit) in accounts in account class 3, partly account '3083 Moving booking fees' and account '3085 commissions to travel agencies. •

In such a representation may be an element of personal hospitality that exclude deduction. With respect to persons other than those which are directly related to business negotiations should be spending for such representation, not be deductible. Even in the choice of the place where representation is exercised caution should be exercised. So, for example, representation in a place other than place of business may be a sign that the direct link is missing.

Examples of situations in which direct link may exist are further major anniversaries, initiations and demonstrations and the like where representation is used as part of the company's marketing and public relations.

If representation is exercised in connection with a taxpayer's personal celebration, however, deductions are not allowed. Thus, relief in respect of costs associated with such party for business associates in connection with the taxpayer's fiftieth birthday deduction for meal expenses relating to lunch, dinner or supper is not recognized by any amount greater than 90 SEK excl. moms per person. The amounts established for 1997 until further notice. Meal expenses should the main part to go in order to cover the cost of food. Deductions frame must not be exceeded. It applies, for example, even with representation in relation to non-Nordic guests.

When the representation to other meal costs, other than lunch, dinner or supper is allowed a maximum 60 per person. Reasonable deductible expense for example, theater ticket or, the external representation, for green fees at the golf game may be considered a maximum 180 SEK plus VAT per person. Deduction framework should be applied at each time representation for the.

A cheap entertainment at one time should not be offset against representation at another time, where expenditure exceeded avdragsramen.På this account heading covers the representation outside their own premises no matter what kind of business with direct connection with the activities that occurred in connection with the representation. On their own premises, any representation in connection with business negotiations, For example, lunch or dinner with landlord, lawyer, conductor, consultant, supplier, sales and general business contacts recorded in this account.

The company should, by note on the restaurant bill or other vouchers showing the representation of expenditure size, able to show the relationship between the people involved in the representation and the taxpayer's economic activity. This can be done by the journal noted, including the date of Representation, Name, professional or corporate function for all persons against whom the representation exercised and the company or companies they represent and the purpose of representation. Data on receipts should be recorded on the permanent sätt.Avdrag of input VAT to the extent that VAT paid on expenses for business entertainment and more within the bounds of what is deductible under that provision.

The account is also used to represent gifts which are intended to contribute to good business relations between companies. Such gifts are tax deductible provided that it is exclusively a question of opening or maintaining business relationships. The gifts must have an immediate connection with the operation of the source of income.

In hotels and restaurants can these gifts be in the form of overnight, lunch, noon, food or dryck.Visningar (including overnight, food and drink) of the plant (hotel and / or restaurant) to potential clients / customers, product testing and should be recorded on account '5945 Views'. Visits to other hotels, restaurants, meeting- and health and recreational facilities are booked on account '6650 Study '.

The hotel and restaurant is always some risk that the guest's belongings are damaged or destroyed, For example, dinnerware spill food or drink on the guest kläder.Till risks also include smitnotor and bad debts.

If provision was made earlier for possible bad debt / smitnota charged account 1515 and credited to the account 1510 for the reserved amount.

One recommendation is to objectively assess each existing receivable separately. A standard rule is that all accounts receivable that are older than 90 days should always be considered as uncertain and therefore a bad debt loss.

In connection with the closing or final invoice from the firm, possibly adjusted the amount reserved. If necessary, the account can be divided into the following sub-accounts:

In order to develop their own activities, a continuous monitoring done by the new ideas and concepts. The company should draw up rules for visits must be carried out and monitored. On this account are not recorded representation made by its customers.

These costs are recorded in the account '6071 Representation, deductible 'and '6072 representation, non-deductible '. On this account are not recorded workers' representation (account 7631 and 7632) or board and lodging in connection with travel (account 5830).

Inspections shall be documented in writing. By controlling the temperature of the incoming frozen products, i kyl- and storage and chilled and hot held food and by checking that cleaning is effective, the company guarantees that the products are high quality and that they are not hazardous to health. Eco- and health boards make sure that companies manage their own control and do a thorough check if a need exists.

These may include working assistant housewives, waiters and desk managers.

The corresponding amount is returned from 2920 'Accrued vacation pay’ to 7090 'Change in vacation pay.' If necessary accounts are up for the holiday provision:.

At closing, a reconciliation of the reserve against outstanding semester.Detta accounting method allows the holiday cost is distributed evenly throughout the year so that comparisons between months will be fairer and business performance is accurate even at semester.När the employee on vacation shall be the gross salary and vacation pay is recorded on the account " . The corresponding amount is returned from the "2920 Accrued vacation pay" to "7290 Change in vacation pay liability." If necessary, put accounts up for holiday provision:

The difference (f n then 36 kr) represents a meal for, which is a basis for employer. Revenue is recognized on the "3230 Personalmat". In practical terms, is credited thus costly deduction on account 3230 (reduced with 25% VAT). Diet benefit charged account 7382 and a corrective account is credited with the equivalent amount. The amount recorded in account 7382 based on employer contributions.

The cost of food for the employee is the cost reduction and tax cost advantage.

In addition, based on payroll taxes on employers' pension costs by the same percentage as the statement made through the company's Income tax returns once a year.

For people born 1983 and earlier, and 1991 and later, the charges payable without reduction. See also the website www.skatteverket.se.

Expenditure for the company's own resources, such premises, means, personal, reported in the applicable account expenses related to education is recognized in accounts in account group 58. Observe!

Expenditure on education can not be capitalized as an intangible asset. .

This applies even if the care is provided by private practitioners, Physiotherapists, naprapaths, dentists, etc., connected to the Insurance, then this also counts as publicly funded health care.

Drugs reimbursed by the employer is also a taxable benefit.

Benefit from free non-publicly funded health care, however, tax-exempt for the employee and not deductible by the company.

The account is used for:• medical supplies, such bonded- and supplies, aspirin, patches and so on. •

Deductibility is in principle no matter the extent of the activities of the taxpayer carry and without regard to whether the representation is for a larger or smaller circle. It may not be a question of social life and hospitality of a personal nature.

Deduction of meal expenses on internal representation is allowed a maximum 90 SEK plus VAT per person.För company's peripheral at staff parties including local hiring, expenses for musical entertainment or behavior, the reductions granted in a reasonable amount not exceeding 180 SEK plus VAT per person.

Deduction for expenditure on office party should not deal with more staff meetings over a maximum of two per year.

If the employee's family or retired executives invited to attend the office party deductions should be allowed even for the proportion of expenditure that is attributable to these personer.Vid needs of the account can be subdivided.

Such pursuits such as Tha Chi, Qi Gong, nutrition advice and information about stress management may be tax free as well as other activities of similar nature, For example, simple forms of exercise dance bug, folk dance and jazz dance, etc..

Employers can also offer all their employees called. office massage that tax-free benefit. The concept of office massage fit according to the Tax view the treatments of various kinds. In addition to regular body massage, it may be rose-therapy, acupressure, reflexology and floating.

Courses on smoking cessation can be offered to staff wellness. The same applies to courses with an element of individual dietary- and exercise counseling if the offer is addressed to all. There is no set monetary limit how much a tax-free exercise- or wellness benefit maximum may cost. An annual pass to a gym complex at the current price in the locality is normally tax-free. The important thing is that the motion is of a simple type indicated above.

Exemption requires the exercise- or wellness benefit is addressed to all staff. This means that the offer should include all employees regardless of employment status, Thus, even short-term employees, substitutes and the like..

When services are covered by the rule will be invoiced without VAT to traders in other countries, it should be separately indicated that reverse charge with reference to the rule

Paid repair and maintenance operations in leased facilities, these costs are recorded in the account '5070 Repair and maintenance of premises'.

On these accounts are reported impairment of intangible and tangible fixed assets and certain current assets. Moreover, also reported reversals of impairment losses on these accounts. Impairment must be made if the asset has declined and this decline is considered permanent. For further information please refer to the Annual Accounts Act, Accounting and FAR: s recommendations. Note that the following accounts have account numbers what BAS08 indicates.

Cost of acquisition of rental properties is depreciated over the duration of the contract.