Travel Accounts & Auditing
Why you need Elman Wall's travel accounts & audit team
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, Elman Wall’s Accounts and Audit team is second to none. In fact, our clients call them the A Team as their advice and added value input is exceptional.
This specialist expertise encompasses:
- Regulatory reporting requirements for CAA, ABTA, IPP and more
- Distinguishing Licensable and Non-Licensable turnover, Principal and Agency status and how these affect your bonding costs
- ABTA, ABTOT and ATOL Financial criteria and renewal process
- IATA's financial requirements and risk assessment
- Specialist knowledge of VAT and TOMS
- 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
- Close collaboration with Summit Advisory, our in-house Travel Business Advisors who help travel business owners grow, expand through acquisitions or sell their travel business.
- Close collaboration with Cavendish Ware+, in-house Personal Financial Planning and Investment Management specialists to ensure your own personal financial welfare and to protect your business
- Operation and mechanism of a Trust Account Model
Adding real value
Your accounts or audit for us are not just about past performance. We treat them as an opportunity to review current performance and proactively prepare for the future and it is our mission to exceed expectations and deliver the best possible service to travel & tourism businesses, their owners and shareholders.
We decided to move to Elman Wall as we wanted to benefit from their in-depth industry knowledge - this move was 100% hassle-free and because they instantly understood our business, they were able to make recommendations straight away. Their guidance and support has been invaluable. My only regret is not changing to Elman Wall years earlier! Elman Wall really do feel the heartbeat of the business!
Steve Eccles
Managing Director, Vintage Travel
I love working with Xeinadin Travel. [...] My number one reason is the people. Jonathan is a fabulous confidant, he's always ready to listen, he's always got some great advice...as do Yasin and Russell. They are very personable, nothing's too much trouble. [...] They are my go-to whenever I have any financial concerns and they are also a great support. Highly recommend them.
Suzanne Horner
CEO, Gray Dawes Travel
Yasin and his team are brilliant at handling our queries, providing clear advice and guidance in a prompt and efficient manner. We would not hesitate to recommend their services
Teresa Barker
Finance Director, The Group CompanyÂ
We changed our auditors to Elman Wall a few years ago, as our previous accountant did not have specific travel industry experience. It was the best thing we could have done. The staff at Elman Wall are friendly, helpful and professional and, most importantly, completely understand our needs.
Marilyn Roberts
Financial Director, Jetline Travel
Elman Wall Xeinadin Group have been our auditors since we started. They have always 'been there' for us and we welcome their views on the critical decisions we need to make.
Mark Hartshorne
Managing Director, Gold Crest Holidays Limited
The expertise within their audit team enables us to keep focused on our success strategy.
Julia Lo Bue-Said
CEO, Advantage Travel Partnership Group
...Elman Wall Xeinadin Group have been with us every step of the way. Their proactive approach, led by a highly skilled and knowledgeable leadership team has ensured all advice we have received has been relevant to our situation at the time and they continue point us in the right direction as we continue to grow. Quick educated responses to our requests always with a smile.
Mel Phaure
Director, Blue Cube