Accounting Services for Retailers:
Retailers must measure and monitor almost every aspect of their performance to achieve topline growth and protect margins. We work with our retail clients to develop a true understanding of how your business operates so we can provide you with the best financial information and data.
We have deep knowledge and experience in providing professional services to the retail industry. In addition to exceptional tax expertise, we provide guidance on areas critical to the success of our retail clients, including: maximizing cash, obtaining adequate financing, mitigating risks throughout the organization, and aligning business strategies with growth plans.
TAX PLANNING & COMPLIANCE
There is a lot at stake when it comes to tax. Here are a few areas we examine that could have a major impact on reducing your tax burden:
- Continuous research and analysis of opportunities to maximize federal and state tax credits
- State and Local Tax (SALT) exposure
- Cost capitalization issues
- Compensation strategies: wages, distributions, or a combination of the two
- Income leveling: lower tax brackets through leveling
- Integration with owners’ and/or executives’ personal tax situations
- We stay on top of emerging trends and the frequent changes, extensions and revisions to tax code to make sure you are minimizing your tax liability.
PROFIT ENHANCEMENT SOLUTIONS
- Profitability analysis, including evaluation of store footprint, inventory, supply chains, business processes and labor
- Financial forecasts and projections
- Technology risk assessments
- Governance, risk and compliance
- Data analytics and fraud prevention
- ERP & financial package selection and implementation
- Equity compensation
- VC funding and management
- Guidance on franchisor- and franchisee-specific issues
- Inventory strategies
- Cost segregation studies