Retail
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.
– 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.
Key Factors for a Retailer considering hiring an accountancy firm:
Qualified
Qualified (ACA, ACCA), so competent in pure accountancy and taxation, and holding professional indemnity insurance.
Experience
Experience of industry specific tax aspects such as Vat and Capital Allowances.
Experience in high cash volume businesses
Experience of high cash volume businesses for accurate bookkeeping systems.
Local Business
Knowledge of the local area and trading differences between locations. Including awareness of local business opportunities.
Contacts
Contacts and associates in the area for other support services, such as sales agents and legal advice.
