Retail & Distribution

Retail and distribution businesses face a unique slate of competitive pressures and customer expectations that drive the industry. Whether your business utilizes brick and mortar or internet-based stores, you have to contend with multiple threats from a changing economic landscape as well as ever-shifting consumer preferences. Add in global price competition and the need for a flexible inventory management strategy and you’ve got with which to contend.

Luckily, BNKJ has the specialized knowledge and resources to help you stay successful in this challenging world. We’ve helped numerous retail and distribution companies of all sizes grow and thrive, offering the business advisory and accounting services they need to expand from a single location to a large regional chain and even into international markets. Providing a complete range of services to guide efficient operations management, shape informed financial decisions and provide accurate, insightful analysis and reporting, BNKJ can help your retail business minimize your tax burden while maximizing your profitability and fulfilling your growth potential. Services for retail businesses include

  • Audits, reviews and compilations
  • Operations reviews
  • Cash management
  • Internal controls
  • Fixed asset accounting
  • Business and strategic planning
  • Succession planning and exit strategies
  • Buy/sell agreements
  • Tax planning and filings, including income tax, indirect tax assessments, ad valorem return filing and tax credit assessments
  • Pricing strategies and checkpoints
  • Start-up and expansion financing assistance
  • LIFO inventory consulting and other inventory accounting (retail method, budgeting levels, etc.)
  • Monthly accounting services
  • Due diligence procedures for mergers and acquisitions
  • Assessment of in-house accounting needs and best practices, including record keeping guidelines
  • Rent certifications