Retail Businesses

Retail is very much cyclical in nature, and it is important for you to understand the market you are in so that you can take advantage of the good times, and protect yourself from the bad times.

There is also usually a large volume of transactions, and having good systems in place is essential to keep compliant, whilst also providing you with the information you need to have on a timely basis in order to make informed business decisions.

Additional services we offer to retail businesses include, over and above the Statutory Requirements, include:

  • Reviews on record keeping systems, inlcuding maximising the sales data at point of sale.
  • Efficiency reviews
  • Implementaiton of stock systems
  • Implementation and use of cloud software to minimise the bookkeeping burden, and training on those cloud sytems
  • VAT assistance and preparation
  • Review of the best VAT scheme for your business
  • Advice on the legal structure of your business
  • Review of the tax efficient extraction of profits
  • Marketing and promotion advice
  • Payroll asisstance
  • Budgeting and forecasting
  • Financing

The above is provided sometimes as a one off exercise, or as an ongoing process.

At Simas Accounting & Tax, we seek to maximise your wealth and free up your time so that you can concentrate on the business to maximise its success.

HMRC’s Let Property Campaign

HMRC’s Let Property Campaign is targeting landlords who may have unpaid tax. This would be as a result of failing to declare income from letting out residential property. The scheme is open to those that have multiple properties, single rentals, student rentals, or holiday lettings.

Read more >>

Beating The Summer Lull

The secret to beating the summer lull. We have compiled a comprehensive list of 20 quick and easy things you could do in this ‘summer lull’, to revitalise your business. Simple quick fixes to turbo charge your profits.
Take advantage of this quiet time and get ahead of your competition.

Read more >>

THE LEGALS ABOUT US

Simas Accounting & Tax is the trading name of Simas Accounting Services Limited, a company registered in England and Wales (Company number 10642114). The Registered Office of Simas Accounting Services Limited is 20-22 Wenlock Road, London, N1 7GU, and the trading office is 38 Mill Street, Bedford, MK40 3HD.