Expert Accountants for Retail & Wholesale Business
Navigating the complexities of MTD, inventory valuations, and thinning margins. We provide the fiscal clarity you need to scale from the warehouse to the storefront.
Taxation & Accounting Services For Retailers & Wholesalers
We offer Personalised accounting services to various retail and wholesale clients. Our experienced team provides valuable insight and attention to each client’s unique needs, whether they are a local retailer or supermarket. With over 30 years of experience, we have the expertise to help our clients succeed in this competitive industry.
AREAS OF EXPERTISE
- Franchises
- Supermarkets
- Apparel Shops
- Footwear Shops
- Health, Wellness and Beauty
- Accessories Stores
- Discount Retailers
- Food and Beverage
- E-commerce Companies
Technical Excellence in UK Taxation
Our team specializes in the specific tax reliefs and statutory requirements that apply to your industry. We also provide advice on management succession and business sale issues.
Capital Allowances: Maximizing claims on shop fit-outs, warehousing equipment, and commercial vehicle fleets.
Corporation Tax Planning: Strategic extraction of profits and R&D tax credits for proprietary retail software development.
MTD Compliance: Fully digital workflows that keep you compliant with HMRC’s latest digital transformation requirements.
Accountancy Services
- Bookkeeping
- Financial Accounting
- Payroll Management
- Budgets and Cash Flow
Taxation Services
- Self Assessment
- Corporate Tax
- Vat Registration & Return
- Capital Gain Taxes
Your Business Deserves More Than an Annual Tax Return.
In an industry where every penny of margin counts, you need a partner who understands the rhythm of retail. Let us handle the HMRC compliance while you focus on your customers.
Join 500+ UK businesses who have optimized their tax position with MyCleartax.
People Asked For
This is a common pitfall for supermarkets and convenience stores. We implement robust “Point of Sale” (POS) mapping to ensure that Zero-rated items (like most cold food) are correctly distinguished from Standard-rated items (like hot food or confectionery). We also advise on the Retail Schemes (Apportionment or Direct Calculation) to see which method yields the most favorable VAT position for your specific turnover volume.
Absolutely. Many business owners miss out on thousands by only claiming for “equipment.” Under the Annual Investment Allowance (AIA) and the current Full Expensing rules, you can often deduct 100% of the cost of qualifying plant and machinery. This includes not just heavy machinery, but also integral features like air conditioning, specialized lighting, and even some security systems.
For multichannel retailers, the gap between “Gross Sales” and “Banked Cash” is filled with fees, refunds, and shipping costs. We use automated integrations (like Dext or A2X) to sync your e-commerce platforms with Xero or QuickBooks. This ensures your VAT is calculated on the Gross amount, preventing HMRC under-reporting, while accurately capturing every penny of platform fees as a deductible expense.
If you are importing goods at scale, we can help you set up a Duty Deferment Account (DDA). This allows you to pay Customs Duty and Import VAT once a month via Direct Debit rather than on a per-shipment basis. This is a massive cash-flow win for wholesalers, effectively giving you an interest-free credit line from HMRC for your imports.
MTD for VAT is already mandatory. However, we ensure your business is prepared for MTD for Income Tax (ITSA). We move you away from manual spreadsheets and onto “functional compatible software.” This doesn’t just keep you compliant; it gives you a real-time view of your tax liability so there are no “January surprises.”