Existing Businesses
KPI & Margin Tracking
Ensuring that you have adequate tracking of your most important metrics is key to managing your retail business effectively.
Sales Tax Compliance
As you expand to more locations, ensuring compliance with Sales & Use Tax and other tax regulations becomes critical to the long-term success and profitability of your business.
Tax Efficiency
Make sure that your retail business is structured efficiently for tax purposes to maximize your profits.
Optimize Profits & Ensure Tax Compliance
Retail businesses, with their diverse product lines and high transaction volumes, need to ensure that they are adequately tracking their KPIs and margins, as these are crucial for profitability.
The top challenges facing retail businesses include:
Timely Accounting Information
Sales Tax Compliance
Ensuring the business is tax-efficient
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KPI & Margin Tracking
Our accounting services use technology to provide timely financial reporting and include operational KPIs that can reveal trends leading to improved efficiencies. This enables managers and business owners to better predict and manage cash flow and profitability.
Sales Tax Compliance
Sales & Use Tax regulations vary across different states, with many having unique rules and regulations. Since Quail v. South Dakota in 2018, states have implemented Economic Nexus thresholds specifically affecting e-commerce sellers in other states.
Tracking these complex requirements requires advanced technology.
Our services include:
- Nexus Determination
- Sales & Use Tax Reporting
- Sales Tax Rate Tracking based on destination or origin
Monthly Bookkeeping & Tax Planning
Having timely and accurate accounting information is essential for effective tax planning. We keep your accounting up to date to help manage and plan your cash flow.
We help solve challenges such as:
- Estimating Taxes & Making Payments
- Adjusting Estimated Taxes for Seasonal Businesses
Retail Business Solutions
Frequently Asked Questions
When beginning work we will do a Risk Assessment as part of our new client onboarding. This will help us identify any Tax items that may be out of compliance. We will then work with you to get them fixed.
Yes, during new client onboarding, we will identify a scope of work for any clean-up work that we have to do including bookkeeping and income tax amendments.
Got questions or need expert financial advice?
We’re here to help you succeed!
We look forward to helping you achieve your financial goals!
Contact Us