The retail sector has always been one of the most competitive business environments to operate in, but with the rapid growth of direct marketing, telephone sales, Internet trading, and overseas competition (especially from mainland Europe), more than ever retailers need sound financial advice and the support of a team of professionals who can help them maintain their market share.
We have considerable experience acting for the retail sector, and understand clearly their special requirements - especially the need for real-time, proactive advice on how to maintain and improve their position.
We can help you maximise your profitability through improvements in your stock control, purchase re-ordering, and reconciliation procedures, and where appropriate advise on the installation of computerised systems.
Perhaps the biggest bane of a retailer's life is the stringent demands of the VAT regime. We can relieve you of a lot of unnecessary time and expense by advising on the most appropriate scheme, and handling your VAT planning and administration.
In addition to dealing with standard VAT issues, as retailers are now trading in more markets than ever before, using different technologies the regulation surrounding these types of transactions has increased. For traders trading within the EC there are EC sales lists, intrastat reports and distance selling to consider. Businesses selling electronic media within the EC are subject to the mini one stop shop (MOSS) legislation.
Whether you are a small shopkeeper or a high street retailer, a mail order company or an Internet trader, our team of experienced professionals is here to help you achieve your business objectives.