Stephenson Smart has been providing accountancy services to the retail sector for over 100 years. We are perfectly placed to be your retail accountant, with advisors across Norfolk and Cambridgeshire.

Our clients range from single retail outlets to multinational retail organisations. We are experienced in supporting regional, national, and international retail businesses. Our experienced accountants and business advisors understand the challenges and needs of the retail sector.

The retail industry is a key contributor to the economy of East Anglia. We want to support you to help ease your administrative burdens, so that you can concentrate on your enterprise. We also understand that the retail sector is facing many challenges; we can help you with tax planning, preparing budgets, and producing business plans to help you run your business in the most efficient and profitable way.

We can tailor our support to your specific requirements to help you to grow and expand.

The benefits of using an accountant:

  • Saving you time to focus on running your business.
  • Specialist knowledge to ensure accurate reporting.
  • Expert advice on tax planning and compliance.
  • Accurate and informed business advice.
Retail

The accountancy service we provide is:

PROFESSIONAL

Our teams are fully qualified and experienced in the retail sector, to provide you with an efficient and personal service.

COMPLIANT

As chartered accountants we are aware of your obligations to HMRC and qualified to ensure they are fulfilled.

SUPPORTIVE

The advice and support we can offer you and your business will give you the peace of mind to allow you to concentrate on your enterprise.

Retail
Retail

We have been with Stephenson Smart for five years, and we get on fantastically with them. They are so on the ball; Claire Melton is so easy to talk to and explains everything brilliantly. Her advice was to use different business structures for different parts of the business. We talked about doing this years ago with no clue what to do, but Claire has guided us through it, and I don’t think we would have done it without her. I have so much faith in them, and I feel confident to ask anything. I can’t fault Stephenson Smart.

Clare Howard, Owner, Howards Butchers

Retail

As part of our accountancy service, we can provide:

  • Full accountancy service, including end of year financial statements.
  • Tax planning.
  • Accurate and timely bookkeeping.
  • Accurate and timely payroll.
  • VAT advice and support.

We are members of the Institute of Chartered Accountants, making us fully qualified to be your trusted business accountant.

We can look after some of the administrative tasks that have to be done, such as payroll and bookkeeping, leaving you time to focus on managing your business. We can also advise on growth, structure, and acquisitions, helping you to develop your business.

From shops to large multinational retail organisations, we can help you to run as an efficient, profitable enterprise so that the future of your business is assured.

FAQS

To ascertain the amount of working capital you will need you must consider the cost of premises and the utility costs of your chosen site, as well as the wages of people you may need to employ and the cost and quantity of stock you will hold. These will be specific to your business; we can assist you to make a business plan for cashflow or borrowing purposes.
This will depend on the supplies you are making and the level of your turnover. You may be required to register for VAT, or you may not be eligible. You may also choose to register voluntarily; this decision will depend on your vatable expenses, turnover and who your end customers are. We are experienced to advise on every element of VAT and its application to retail businesses.

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