The retail and distribution sector is one of the most competitive business environments.
This sector has become more complex with the rapid growth of online trading and increased foreign competition.
Moreover the retail VAT legislation is far from straightforward and includes many complexities for the unwary. At Owen Accountants we can help clients avoid unnecessary time and expense by advising on the most appropriate VAT scheme and managing your VAT administration as well as your book keeping.
If you are trading as a sole trader in this sector we can evaluation and advise as to the tax benefits of becoming a limited company and ensure that you claim the correct expenditure.
Through our specialist IT division we can also advise, develop and implement specialised retail and distribution technology systems. These business systems ensure purchase re-ordering, stock management, cash and till reconciliation procedures are managed and controlled. We can review the internal business controls to identify and rectify weaknesses that help protect against fraud, wastage and under utilisation of valuable retail space.
We can also advise on specialist HR matters such as pensions, casual and part-time staff as well as the sensitive issue of staff disciplinary procedures.