Sectors

Retail

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Sectors

Accountants for Retailers


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We Take Care of Everything You Need

Experienced accountants for retailers. Our specialist team can help prepare your business accounts whether you’re a large, small or solely online retail business.

With keen understanding for the distinct issues that face retail businesses, it is essential to ensure that you remain focused on the business and your strategic objectives. MJ Kane aims to help businesses in this sector by providing services and guidance with tax efficiency in mind whilst ensuring that your business remains compliant when running at maximum efficiency. In this sector, success requires overcoming challenges that extend beyond product and production.

We have a clear focus and bring decades of experience when it comes to the accounting for manufacturing business need.

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How Our Accountants Help

We understand that navigating the complexities of VAT regulations can be a challenge for retailers. Our accountants can offer expert guidance and support to ensure that you stay compliant.

Our team of experienced VAT accountants is well-versed in the latest regulations and can provide tailored advice to help retail businesses optimise their VAT position. We offer a range of services, including VAT registration, calculation of VAT liabilities, preparation of VAT returns and the management of related documentation.

Our Audit and Assurance service is designed to provide businesses in the retail sector with an independent, expert opinion on their financial statements. We help retailers comply with legal and regulatory requirements and improve the accuracy and transparency of their financial reporting.

Our team of experienced auditors and assurance professionals have a deep understanding of the retail industry and the unique challenges that retailers face. We work closely with our clients to identify their business risks and provide them with customised solutions to address those risks.

Our accountants are experienced in advising e-commerce retail businesses across the UK. We work with businesses that are solely online alongside retailers with both a physical and online presence.

Whether your business is launching a new online store, expanding its existing online offering or operates entirely online, it is important to seek the right financial advice. Our e-commerce accountants and tax advisors have the tools and expertise to assist you, whether that be in advising on the most profitable lines to launch online, dealing with overseas VAT, or operating as tax-efficiently as possible, which may involve launching a new subsidiary or stand-alone company.

Our accountants for retail businesses are always at the forefront of the latest tax legislation facing the retail and wholesale industry. When you choose MJ Kane as your accountants and tax advisors, you will always be kept up to date on the latest regulations, liabilities and tax reliefs in the UK.

We understand that payroll processing can be complex, time-consuming, and error-prone, which is why we offer a comprehensive payroll accounting service to help retailers reduce their administrative burden and focus on their core business. This includes:

  1. Payroll processing: We handle all aspects of payroll processing, including calculating employee wages, processing payroll taxes, and generating paychecks or direct deposits. We ensure that all calculations are accurate and comply with legal and regulatory requirements.

  2. Tax compliance: We help retailers comply with federal, state, and local tax laws and regulations. We ensure that payroll taxes are accurately calculated, filed, and paid on time to avoid penalties and interest charges.

  3. Benefits administration: We help retailers manage employee benefits, such as health insurance, retirement plans, and other employee benefits. We ensure that all benefits are accurately recorded, and employees receive accurate and timely information about their benefits.

  4. Reporting: We generate detailed reports on payroll expenses, tax liabilities, and employee benefits. We provide our clients with regular reports to help them monitor their payroll expenses and make informed business decisions.

We advise retail, wholesale and online retailers, as well as sector-dependent clients. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.

  • Accounts preparation for your business
  • Self-Assessment Tax returns if you are self employed
  • Managing complicated payroll for your business
  • Compliance with companies’ house filing requirements
  • Corporation Tax planning and advice
  • Value Added Tax (VAT)
  • Performing cost/benefit analyses
  • Reducing shrinkage
  • Assisting in obtaining financing
  • Stock reporting
  • Cashflow forecasting
  • Management reports

In need of any of our services?
Please feel free to get in touch.


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Why MJ Kane As Your Retailer Accountants

8000 plus satisfied clients

100+ years combined industry experience

30+ Countries covered

Fixed Fee Service

Tax efficiency focused

Award winning services

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Team

Meet the Senior Management Team

Michael Kane

Founder | Managing Partner

SME Accounts | Tax Planning | Business Development

FCCA Qualified

MJ Kane

Director | Senior Accountant

SME Accounts | Crypto Taxation | Business Structuring

ACCA Qualified | BSc Hons Accounting

Jonathon Greenaway

Director | Senior Accountant

SME Accounts | Property Capital Gains | Inheritance Tax

ACCA Qualified | BSc Hons Business Studies

Gary Craig

Joining Soon

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