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Retail & Service

With the growth of Internet trading, direct marketing and telephone sales, now more than ever retailers need advice from a good accountant.  Not only this, but this sector is one of the most competitive including competition from overseas businesses trying to gain a marketing share.

We have considerable experience acting for the retail sector with a wide range of clients involved in sporting equipment, clothing, gifts and motor dealerships. We can help you develop your business by offering advice on:

• Starting up a business
• Finance of freehold and leasehold premises
• Cashflow forecasting
• Budgeting
• Management of working capital
• Trading structure
• Selling businesses
• Succession planning

We offer all the accountancy services you need to deal with the day-to-day demands of running a business, backed up by tailored business advice to help give you the competitive edge over your competitors and to assist with development and growth.

Working with a range of service sector businesses, from corporate consultants, financial services to pubs and restaurants, our services include:

• Accounts
• Acquisitions, mergers and disposals
• Audit
• Business advisory services
• Business plans
• Business start-ups
• Cash flow and financial projections
• Corporate finance
• Tax advice, compliance and planning
• Payroll
• V.A.T.

Useful Links

V.A.T. Flat Rate Scheme
www.hmrc.gov.uk/vat/account-flat

Using standard VAT accounting, the VAT you pay to HM Revenue & Customs or claim back from them is the difference between the VAT you charge your customers and the VAT you pay on your purchases.

Using the Flat Rate Scheme you pay VAT as a fixed percentage of your VAT inclusive turnover. The actual percentage you use depends on your type of business.

British Retail Consortium
www.brc.org.uk

The British Retail Consortium is the lead trade association representing the whole range of retailers, from the large multiples and department stores through to independents, selling a wide selection of products through centre of town, out of town, rural and virtual stores.