The aim of this paper is to define and explain the specifics running business as a craftsman and the way of business changes, in prescribed accounting books and records, and to demonstrate the method of determining the taxation of income of business activities in hospitality. In order to understand the problem, a detailed analysis of the business will be carried out through example of craftsman Tomislav Miletić who runs a coffee shop in Metkovic. Comparison of business competition will be completed also. The work is composed of five sections and includes theoretical and the empirical part. In the introduction part the issues of research are defined, and are primary related to the complexity of operations and the monitoring of business changes in Hospitality Company, which is significantly affected by the frequent changes of legislation and the specifics of the particular regulation of the profession. In the next chapter the normative regulation of preforming in hospitality industry through Hospitality Company will be explained. The third part refers to the specifics of the business and the business books of companies in the Hospitality and Catering Industry. The empirical part gives an overview of the business and the bookkeeping at a practical example of company for hospitality NE-TO, and comparative analysis of the business group of hospitality companies from the area of Metkovic. In the conclusion part the main results and cognitions, carried out through research are explained and the specified possibilities of improving hospitality industry are proposed.