Retail and Wholesale
Retail and wholesale businesses are highly competitive and often times operate on thin profit margins. This industry is driven by customer demands, competition, regulatory compliance and cost of labor, all of which can impact a company’s bottom line. In delivering services to the retail industry, we find that successful businesses are those who manage inventory and scarce resources efficiently and deliver exceptional customer service. Another key factor in the success of a company is how it responds to the changing needs of its business environment.
At DWD, we are here to help with your accounting and business consulting needs. Our clients include clothing boutiques, restaurants, vending services, automotive dealers, internet retail and petroleum companies, just to name a few. We work with our clients to focus on their strengths and identify potential weaknesses which affect the profitability and bottom line of a company.
Clients in the retail and wholesale industry turn to the CPAs at DWD for assistance with the following services:
- Audit, Review and Financial Statement Compilations
- Tax Planning and Filing of Returns
- Professional Services
The CPAs at DWD assist professional service firms ranging from advertising and public relations to law practices and independent consultants. The key to how these businesses operate is to understand how to properly set up the systems and generate the information needed to run your business. This allows professional service companies to take full advantage of opportunities as they rise.
Another key element in dealing with professional service industry is taxation. Our CPAs are experienced in the myriad of tax filing requirement and provide representation should the business be audited. We are familiar with issues and planning opportunities unique to service businesses and assist business owners in areas including:
- Entity Selection
- Buy/Sell Agreements
- Compensation Arrangements
- Year-End Planning
- Succession Planning