The Retail Industry
Shop Physical or Online, Nurseries, Garages, Travel Agents, Estate Agents
- Invoicing your customer
- Chasing Money
- Controlling your bank
- Scanning Receipts
What do Retail need to do?
Record there income and expenses. A till system is a very good idea, you can get digital till on Tablets very cheaply
You also need to keep copies of all payments made, for tax and Vat reasons.
Keep staff records. Starter forms, wages paid and a track of holidays.
Stock control is important for ensuring profits. Keep a track of purchases and ensure you calculate your gross profit G.P
A SYSTEM IS IMPORTANT IN RETAIL AS YOU HAVE A LOT OF PAPERWORK.
Annual Tax Saving Review
- Including all tax-deductible expenses
- Your company set up
- New Legislation
- Check Data
- Only a phone call away
- Tax advice
- Admin Advice
- Business Advice
- Cash Flow Advice
Tax Investigation Pre Audit
- Advice to avoid Tax Investigation
- We will give you feedback on your accounts if we believe the information has missing data.
- Back up support
How ca we help the Retail industry?
Collect your receipts, bank statements, and invoices during the year, by snapping a photo onto our FREE phone app.
We will keep your accounts up to date. Then in April each year, we will close your books and add up your income and expenses.
After working out the profit we will talk through your finances to ensure we have included all tax deductible expenses.
Finally, we will give you a report of the amount of tax due and when it needs to be paid
COLLECT YOUR RECEIPTS ON OUR APP - THAT'S IT..... WE DO THE REST
- Free Cloud based Accounting software, to raise sales invoices
- Free App to scan your expenses
- Record your sales
- Tax saving consultation
- Transmit return and all dealing with HMRC
Larger Retail Business
- As per Self Assessment
- Book keeping
- Monthly Payroll
- Monthly Management Accounts
Self Assessment with VAT
- As per Self Assessment large
- Quarterly VAT returns
- Cash flow report
Mustapic & Jamison Tatoos
My business partner and I have been with Jones' accountants for over a year now and have found their service to be very good. Dinah is very approachable and doesn't mind answering any of my questions at any time. She's great for explaining any tax and vat requirements I might not understand and keeps us aware of any HMRC updates that will effect our business. I would definitely recommend Jones' accountants to other businesses.
l've used Jones Accountants for a couple of my businesses over the years and I've always found Dinah and the team to be knowledgeable, friendly and approachable. This has helped me to grow my businesses.
I have used Jones Accountants for a few years and found them to be very friendly, efficient and approachable. I wouldn't hesitate to recommend them.