Accountants for retailers, shops and high street businesses.
To run a small retail business, you need to be bang on top of cashflow and stock control at all times. You also need to know your way around retail VAT schemes and stay compliant with statutory duties set down by HMRC and Companies House. And the fact is, you’d probably rather be selling to customers than getting bogged down in financial admin. The good news is, we can take care of all of that for you.
Retail VAT is complicated. When do you need to register for VAT and should you try to stay below the threshold? What’s the rating of specific consumer products? Which of the various retail VAT schemes are right for your shop or outlet? Point of sale, apportionment and direct calculation all have their pros and cons, which we can work through with you to make sure your retail business achieves every marginal gain there is to be had. Then, we’ll take care of your monthly VAT returns – an entire job you can just cross off your to-do list.
Looking after your bookkeeping and preparing your accounts means we can give you regular readouts on the health of your business, identifying problems and potential opportunities. We can also integrate your stock and sales systems with cloud accounting software from Xero, QuickBooks or Sage, to provide instant, up-to-date data on your financial performance.
Our founder, Julian, spent seven years as the finance director of a major UK retailer and his passion and knowledge for the sector has filtered through the whole practice. It means we can provide advice on growth, expansion, mergers and franchising opportunities that is based on experience, not theory. And when the time comes to talk about succession, selling up or retirement planning, we’ll have useful guidance, too.
Looking for accountants for retailers?
We’re excited to hear from you, to learn about your business, and talk through the options and opportunities. Let’s get the ball rolling today and see what we can achieve together.