Retail current issues

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Our experts are aware of current developments for the retail, wholesale and e-commerce sector and through our proactive approach, we inform our clients of any issues that may affect them.

The sector has always been one of the most competitive business environments to operate in and with rapid growth of overseas competition and e-commerce more retailers need sound advice and the support of a team of specialists who can help them maintain their market share.

National Living Wage
The impact of the National Living Wage on retailers cannot be understated…as a sector, along with care homes and hospitality businesses, retail employs a large number of staff who will be affected by the new National Living Wage. How can retailers can prepare for the National Living Wage?

For more information please get in touch.

The stringent demands of the VAT regime is an issue many businesses in the sector are facing. We can relieve a lot of unnecessary time and expense by advising on the most appropriate scheme for your organisation and through handling your VAT planning and administration matters.

For more information please get in touch.

Selling online
Whether you are a local independent retailer or a multinational retailer with a national/international focus, your website must be optimised to improve profitability. This is particularly important after a period in which Black Friday and Cyber Monday broke online sales records this year.

For more information please get in touch.

On 23rd June 2016 the UK voted to leave the European Union. From the argument over selling bendy bananas to the threat of an emergency Budget, the EU referendum campaign has undoubtedly had its share of the headlines over the past couple of months. The biggest headline now though is of course that the UK has voted to leave the EU.

For more information please get in touch.

Cost pressures
The industry has seen rising costs in terms of minimum wage, VAT rises, business rates and prices on the back of increasing global and local competition. As many of the staff who  are employed in shops and warehouses are working at the National Minimum Wage level the increases to staffing costs have been significant. With National Minimum Wage set to rise again this year, competition at an all-time high and the sector facing unrelenting pressures to maintain margins, it is more important than ever to seek sound and proactive advice.

For more information please get in touch.

Contact us for a free initial meeting

To find out more about how one of the leading firms of accountants in Sheffield, Doncaster and Northampton can help you, please contact one of our specialists. We believe in long-term client relationships and understand the importance of meeting to establish that you like us and we like you. This is why we offer all new clients a free initial meeting which will enable you to have a discussion about you and your business issues.

To book your free initial meeting, please click here.

We look forward to hearing from you!