Tax and Accounting Services for the Retail Industry

On top of the financial and operational difficulties most businesses face, retailers must contend with a variety of industry-specific challenges—including increased competition and the continued rise of e-commerce. Retail companies looking to not just survive but thrive in today's economy should seek out a trusted advisor who truly understands their challenges and is able to provide partner-level guidance and thoughtful business solutions.

Retailers must measure and monitor almost every aspect of their performance in order to achieve topline growth and protect margins. mConsult LLC, CPA works with retail clients to develop a true understanding of how your business operates so we can provide you with the best financial information and data.

Serving Retail Clients

Our Retail Practice professionals understand your industry and bring a holistic perspective to each engagement. We're a trusted business partner to retail clients from those with one store to those with more than 500 in a wide range of specialties, including:

• Apparel
• Grocery
• Gift
• Automotive
• Sporting goods
• Online

Tax Planning & Compliance

There is a lot at stake when it comes to tax. Here are a few areas we examine that could have a major impact on reducing your tax burden:

• Continuous research and analysis of opportunities to maximize federal and state tax credits
• State and Local Tax (SALT) exposure
• Cost capitalization issues
• Compensation strategies: wages, distributions, or a combination of the two
• Income leveling: lower tax brackets through leveling
• Integration with owners’ and/or executives’ personal tax situations

We stay on top of emerging trends and the frequent changes, extensions and revisions to tax code to make sure you are minimizing your tax liability.

Profit Enhancement Solutions

• Profitability analysis, including evaluation of store footprint, inventory, supply chains, business processes and labor
• Financial forecasts and projections
• Technology risk assessments
• Governance, risk and compliance
• Data analytics and fraud prevention
• Equity compensation
• Inventory strategies
• Cost segregation studies

We have specialized retail industry knowledge, and provide meaningful financial analysis and business insights proven to optimize profitability and achieve sustainable operations. Our clients consider us a best-value CPA firm because we provide that ideal combination of expertise, service and price.

Leave the Accounting to Us.

Our specialized accounting knowledge has helped numerous retails businesses thrive and we’re ready to help you too. Your customers deserve top-notch service and so do you.

If you’d like to learn more about our retail accounting services, simply fill out the contact form below to get started.