Just like any company based in service, retail establishments face constant competition, changing technologies, cash flow woes and other challenges unique to the retail industry.
Regardless of whether you’re looking to improve your systems, minimize taxes, obtain financing, or stay in compliance with retail accounting requirements, Davidson Fox can help your business discover creative ways to help grow and expand your business into new markets and open additional retail fronts.
From Main Street mom and pop shops, to national restaurant franchises, our seasoned accounting professionals understand the factors that drive the retail sector and we can help you understand these market forces to help drive your business decisions.
Types of Retail Businesses We Serve:
- Apparel and Footwear Storefronts
- Personal and Household Products
- Food and Beverage
- Food Processing
- Grocery Chains
- Specialty Retail Stores
- Big-box Retailers
- Restaurant Chains
- Auto Dealerships
- Wholesale and Distribution
Services We Provide for Retail Businesses:
- Business planning
- Small business accounting
- Financial statement audits (financial statement reporting and consulting – new lease accounting rules)
- Boosting operating efficiencies
- Benefit plan retail audits
- Internal controls
- Succession planning
- Budgeting and cash flow management
- Outsourced CFO support
- Establishing disaster prevention and recovery processes
- Cost segregation and energy tax deduction studies
- Virtual expansion and going global – organizational, business and tax and planning
- Improving margins by decreasing shrinkage
- Retail tax planning and compliance
- State and local tax planning including sale and use tax
- State and local tax issues
Fill out the form on this page or call 607-722-5386 to learn more about our accounting services for retail businesses in the greater Binghamton area. We’ve helped many clients in the retail sector maximize their bottom line by implementing our customized accounting solutions, and we will be just as dedicated to helping your retail business succeed.