What can Accounting & General do for your retail business?
Everyone believes they can retail – we all know what products we would buy! But does anyone else agree with you? The High Street or resort can be an unforgiving territory for the inexperienced.
In the main we support general stores, food-led outlets or tourism service products. We do not claim to have specialist knowledge of all retail products, but apply general retail theory.
Tailored spreadsheets for either annual, quarterly or monthly accounts, Vat or not Vat registered. These give detailed operating statistics for your business. (Manual records still catered for.)
Quarterly Vat returns. Including choice of specific retail schemes.
Weekly or monthly payroll, including auto-enrolment pension administration.
Annual accounts including Companies House filing.
Income Tax or Corporation Tax.
Support on specialist issues:
– Split of domestic and business costs in shared use premises.
– Calculation of holiday pay for casual seasonal employees.
– Advice on taxation.
– Specific retail Vat schemes.
– Application of different Vat rates to different products.
Commentary on the commercial performance of your retail outlet, with input of advice for improvement.
Key Factors for a Retailer considering hiring an accountancy firm:
Qualified (ACA, ACCA), so competent in pure accountancy and taxation, and holding professional indemnity insurance.
Experience of industry specific tax aspects such as Vat and Capital Allowances.
Experience of high cash volume businesses for accurate bookkeeping systems.
Knowledge of the local area and trading differences between locations. Including awareness of local business opportunities.
Contacts and associates in the area for other support services, such as sales agents and legal advice.