Retail

The retail sector has been rocked through the developments of this current digital age. The rise of eCommerce, the subsequent impact on consumer behaviour and the necessity to adapt to online technologies and platforms in order to fulfil the demands of customers has put a strain on many businesses, leaving some vulnerable to risk or confused as to how they should move forward as a business. Working with experienced and interconnected financial consultants can help your retail business to grow resilience to change, to foresee the shifts occurring within the sector and respond to them, and find opportunity for international worldwide. 

Financial consultancy for retail businesses

Kreston Global’s firms offer expert financial advice and support tailored specifically for the retail sector. Whether you need comprehensive audits, assistance with business restructuring, or guidance through growth and international expansion, we are equipped to enhance your operations and drive your success. Our services are designed to address the unique challenges faced by retailers in today’s dynamic marketplace.

Audits

Our audit services are essential for ensuring the integrity of your financial statements and improving operational efficiency. By conducting thorough audits, we help you streamline financial record-keeping, identify discrepancies, and enhance compliance with regulatory requirements. This process provides valuable insights into your financial health, enabling informed decision-making and better risk management.

Industry forecasts and budgeting 

Kreston Global leverages its extensive global network to produce insightful industry forecasts and budgeting support. Our teams analyse market trends and consumer behaviour, allowing you to make data-driven decisions. By creating accurate budgets, we help you allocate resources effectively and prepare for future market fluctuations, ensuring your business remains competitive and resilient.

Specialist retail accounting and tax advice

Navigating the complexities of retail accounting and tax compliance can be daunting. Our specialists possess in-depth knowledge of the retail sector, allowing us to provide tailored accounting and tax advice that addresses your unique needs. We help you optimise your tax position while ensuring compliance with local and international regulations, enabling your business to thrive.

Overseas VAT

For retailers operating internationally, managing VAT obligations can be complex. Kreston Global’s experts are adept at navigating the intricacies of overseas VAT, ensuring compliance across different jurisdictions. We work with you to audit your existing VAT strategies and develop effective procedures that meet international standards, minimising your tax liabilities and avoiding costly penalties.

International subsidiary tax structuring and planning

If your retail business has international subsidiaries, effective tax structuring is vital. Our professionals assist in developing tax strategies that align with your global operations, optimising your overall tax position while ensuring compliance with local laws. This strategic planning supports sustainable growth and helps mitigate risks associated with international expansion.

Business structuring

Choosing the right business structure is crucial for operational efficiency and financial success. Kreston Global’s consultants guide you through the process of business structuring, evaluating the implications of different structures on taxation, liability, and compliance. We help you establish a framework that supports your business objectives and fosters growth.

Financing

Accessing financing is often critical for retail growth and expansion. Our team collaborates with you to develop comprehensive financing strategies tailored to your needs. We assist in identifying suitable funding sources, preparing robust proposals, and navigating the complexities of financing options, ensuring that you have the capital necessary to fuel your growth initiatives.

Overseeing business acquisitions

Acquisitions can be a powerful avenue for growth in the retail sector. Kreston Global’s firms provide expert guidance throughout the acquisition process, from due diligence to post-acquisition integration. Our experienced consultants ensure that you effectively manage transitions, capitalise on synergies, and align your acquisition strategy with your overall business goals.

Sales transactions

Sales transactions in retail require meticulous oversight to maximise profitability and ensure compliance. Our team supports you in optimising sales processes, enhancing customer relationships, and navigating contractual obligations. We provide the expertise necessary to drive successful sales transactions while minimising risks.

What are Kreston Global’s professional standards in the retail space? 

Kreston Global’s member firms observe their country’s regulations, closely adhering to international standards of practice. Our internal monitoring programme ensures that all our partners meet the International Standards on Quality Control as well as the International Standards on Auditing for the conduct of transnational audits. Across our network, member firms follow the code of ethics as dictated by the IESBA (International Ethics Standards Board for Accountants).

As a proud member of the Forum of Firms, an association of international networks of accounting firms, Kreston Global is dedicated to attaining  high standards in financial reporting and auditing practices across our worldwide community. 

Kreston’s global reach enables our partner firms to share knowledge and expertise, providing invaluable insights for growing businesses and ensuring consistently high  professional standards.

Why choose Kreston Global’s retail financial services?

At Kreston Global we craft personalised financial consulting from our in depth global insights. Our international network provides connectivity and information that make global expansion seamless as well as quickly identifying opportunities in new markets. With Kreston Global’s dedicated financial consultancy services for the retail sector, you gain access to a wealth of expertise and a commitment to your business’s success. Let us partner with you to navigate the complexities of the retail landscape, ensuring that you are well-prepared to seize opportunities and overcome challenges.