CPA and Advisory services for retail businesses Kirsch Kohn & Bridge

Disruptive technologies, new business models and agile market entrants are revolutionizing the way people shop, what they buy and how they live. In this complex environment, consumer products and retail companies must shift their focus from protecting what they have to creating what they need to become. As consumerdemands evolve, consumer products and retail companies must find the right balance between success today and growth tomorrow. Our clients include companies in the food, beverages, personal and household care, consumer durables, luxury goods, apparel and shoes, recreational products, over-the-counter medicines and other sectors. The breadth of our experience and expertise, combined with our broad ecosystem of best-of-breed partners, ensures that we tailor powerful solutions that meet your exact needs.

• Crowe Soberman LLP and its affiliates are not responsible or liable for any acts or omissions of Crowe Global or any other member of Crowe Global.
• Understanding the impact of consumer behavior on your operations is critical to driving sales and ensuring healthy margins.
• Any articles or publications contained within this website are not intended to provide specific business or investment advice.
• Withum provides proactive solutions to help retail businesses remain ahead of their competition.
• Faced with changing consumer preferences, e-commerce expansion, and regulatory hurdles, retail business owners must find ways to innovate to keep up with the competition.
• Let Withum’s advisors guide you through protecting your company, employee and customer data.

CFGI provides extensive industry expertise combined with data-driven, objective and innovative approaches to the most complex retail challenges. Our significant experience working with companies at critical inflection points in their lifecycles has informed our approach and instilled a sense of urgency in solving problems. Retailers focus on providing excellent customer service and offering a sufficient assortment of quality products that are competitively priced. FORVIS understands the challenges you face and knows how to help you overcome them. Retail-focused tax, accounting, and advisory services and innovative insights.

Consumer products & retail

The retail experience is constantly evolving with cashier-less stores, autonomous delivery systems and contactless point of sale systems. As brick and mortar shops compete with online storefronts, it is important to remain up to date with the latest technology advancements for the best customer experience. Withum provides proactive solutions to help retail businesses remain ahead of their competition. The current retail landscape presents challenges to both the retailer and their supplier, however with challenges to both the retailer and their supplier, however with challenges come opportunities.

Retailer Rewarded by Early Revenue Recognition Adoption Analysis A retailer undergoing an enterprise resource planning system upgrade needed to know the impact of adopting the new revenue recognition standard. Internal accounting departments may be focused on complying with the tax changes in South Dakota vs Wayfair , but there are also financial reporting considerations that come into play with sales and use taxes. A retailer https://www.thenina.com/retail-accounting-as-a-way-to-enhance-inventory-management/ undergoing an enterprise resource planning system upgrade needed to know the impact of adopting the new revenue recognition standard. Private company boards should bring the backgrounds and insights to understand risks and opportunities and drive the business forward. We’re seeing a shift in the types of clothes that consumers are purchasing as of late, with more business attire flying off the shelves at a lot of retailers.

Customer

Get timely information about the consumer goods, food and beverage, retail and restaurant industries delivered to your inbox. © 2023 FTI Consulting, Inc., including its subsidiaries and affiliates, is a consulting firm and is not a certified public accounting firm or a law firm. CFGI performs thorough internal audits of operational-finance functions such as procure to pay, order to cash, record to report and more. Our experts work closely with your internal stakeholders to assess the operating model, including policies and controls.

• The U.S. college enrollment fell for the 3rd consecutive year since the pandemic, and there has been a drop in high school graduation in many states.
• Specialized industry knowledge– Our experts have a deep knowledge of the retail and consumer products landscape, with a detailed understanding of managing the inner workings of a business and relevant key performance indicators.
• In this complex environment, consumer products and retail companies must shift their focus from protecting what they have to creating what they need to become.
• Private company boards should bring the backgrounds and insights to understand risks and opportunities and drive the business forward.

Whether you are looking for a franchise tax expert, retail accounting services or e-commerce auditors, our business advisors can assist. Withum’s Retail Services team members are tested, skilled professionals with deep industry expertise to keep you compliant, offer tax-saving strategies and deliver integrated business technologies. BGA has experience working with industry leaders who were early to adopt technology in the retail and consumer space. These businesses have proven innovations that have helped them succeed and grow in competitive markets. We have served a variety of home-based franchise businesses, technologically advanced e-commerce websites and companies that make sustainability and the environment the focus of their responsible products.

The 2022 gift tax return deadline is coming up soon

Marcum works with clients to help develop solutions to significant business issues and manage the business risks specific to the manufacturing, distribution, and consumer products industries. We keep our clients in the know with our complimentary Thought Leadership publications and professional education events. We are responsive and focused on quality client service while delivering tailored solutions and useful feedback. You have a responsibility to ensure the financial success of your business.

BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Consumer Products Achieving Full-Potential Modern Marketing Bain partners discuss the success consumer products companies have found in transforming their marketing strategies.

Consumer & Retail

The blurring of home, leisure and work means there are tremendous opportunities for growth. The digital fluency of today’s shoppers who expect options—buying in stores, online and via smartphone—also adds to the layers of complexity for industry executives. Do not let an inefficient e-commerce strategy, supply chain disruptions or a lagging last-mile delivery strategy hobble your brand and keep you from improving your margins. We deploy CFO services and interim management staff immediately and with a relatively short ramp-up period. The personnel resources we deliver include but aren’t limited to CFOs, interim accounting managers, SEC reporting directors, controllers and revenue recognition managers.