The retail sector is vast in terms of the products sold and possible cross broader transactions leading to VAT, namely that of reverse charges. You will also have to manage your stock effectively to make sure you order in time and reduce stock losses and theft. Having an accountant on board to love your figures so that you take care of business is important. Take a look at the following report from the Deloitte which looks at future outlook in 2020. There is a strong link between the use eCommerce and successful growth in the sector.
What we can do for you
- Cloud accounting with appropriate add on’s specific to the sector
- Monthly management reports
- Stock control management
- Cash management/forecasting
- Commercial finance for assets
- Funding for your stock during peak seasons
- Effective use of IT in your business
- VAT submissions
How can we help you?
At the Finance Equation we are passionate about helping our clients grow their businesses and keep more of their money. We can help you manage your overall tax position and ensure that you comply with the complexities of operating in the retail sector. Contact us for an in depth discussion on your specific circumstances.