Retail and wholesale businesses often operate in challenging environments with high competition and very thin profit margins. To operate in this rigorous environment, you need a team who has a comprehensive knowledge of the industry and who can anticipate the upcoming challenges in new tax laws and regulations to fully prepare you for the years ahead. Our certified public accountants have extensive experience serving clients in the retail and wholesale industry, helping them navigate through the complexity of complying with such tax regulations as well as providing business solutions to help our clients sharpen the edge they have with their competition.
We work closely with our clients, delivering exceptional service to ensure that all of their accounting and tax needs are met so they, in turn, can continue providing the highest level of service to their customers.
We provide a comprehensive solution to solve all of their accounting needs from helping them manage their inventory, creating financial statements, as well as tax services, including providing tax advice, creating year-end projections to plan for the following year, as well as filing their tax returns to stay in compliance with both Federal and State regulations.
At ADKF we are committed to providing you with business strategies to help increase your efficiency as well as providing tax planning to reduce your tax burden for the years ahead.
ADKF currently provides the following services for our Retail and wholesale clients:
Tax return filing (state and federal)
Tax advise and tax planning
Review and attest services
Financial statement compilations
Business planning and valuation services
April 2020 Question and Answer
Question: My company has problems keeping employees, a problem that has escalated this year. What can I do? Answer: Record low unemployment has made this a job seeker’s market, but a history of problems retaining employees might suggest that you take a new look at your company’s practices. Start by comparing your salaries, benefits and […]
While the federal estate tax basic exclusion amount has risen dramatically in recent years, some states have not followed suit by raising their exemptions. Even with higher current exemptions, the future of taxes is unpredictable, so you need a strategy to deal with potential estate taxes if you own significant assets.
Congress capped off last year by passing the Setting Every Community Up for Retirement Enhancement (SECURE) Act as part of a larger spending bill. This is the biggest change in retirement saving rules in more than a decade.
When you sell appreciated assets, you pay taxes on them in the year you realize capital gains. But when you invest in a Qualified Opportunity Fund (QOF), you defer capital gains taxes and potentially receive tax-free appreciation. If you invest outside of a qualified retirement plan, you might explore how these types of funds could […]
WHAT RETIREMENT? According to a survey by The Harris Poll for TD Ameritrade, most Americans age 40 and older intend to work past “retirement.” The poll found that 92% of respondents age 40-49 planned to work in retirement, while 66% of respondents in their 60s and 52% of those in their 70s said the same. […]