Retail & Consumer Business

Whether you spend your day selling vehicles, driving them, or fixing them, our team of experts is going to ensure that your time is spent doing just that, and not on dealing with accounting.

Push to start. Taxes, whether corporate or personal, are something that has to be done. We can take care of that, and then some. Our experts will look at the bigger picture and help you with your tax planning. Then we’ll provide insights on how all of that will affect your financial plan, your strategic plan, and even your retirement plan.

All those books, and we don’t mean the owner’s manual. With constantly changing inventory and hourly-transactions, there’s a lot of bookkeeping to deal with. We’ll get you going online so you have access from any device, any time, from anywhere. Our digital capture software will let you snap a photo of your receipts and get rid of all those paper records. And we’ll even take care of your GST and payroll, too.

It’s time for a tune-up. When was the last time you checked under the hood of your business? Our Business Advisory experts will help you identify ways to reduce tax and expenses, and increase your cash flow and profits. And when it’s time, we’ll help you determine the value of your business, structure it for a sale, help you plan your retirement, and take care of your wealth management.

We should say something automotive-themed here like – “The road to success is filled with potholes. We’ll help you smooth them out.” Instead, we’re just going to remind you that we’ve been doing this for long time, that our experience is second-to-none, and that when you work with us, your success is our number one priority.

There are many challenges faced by consumer-based companies, including finding a balance between delivering high-quality customer service, while finding ways to increase profits. Versatile Accounting & Tax can help! Our experienced CPAs have the knowledge and experience to address the complexities of businesses in the consumer services sector. We can provide specialized accounting, consulting, and taxation services to meet all the very unique needs of your particular industry. We can help with things like cash flow analysis and management, budgets and financial projections, tax preparation and planning, IRS problem resolution, audits, payroll, privation assistance, complications and reviews of financial statements, new business advisor, financial and business consulting, and outsourced accounting and booking services.

Versatile Accounting & Tax is pleased to offer industry specific accounting services to the Retail and Franchising Industry. We are here to help with all your accounting needs, as well as financial analysis and review. While retail & franchising accounting is similar to accounting for other types of business, it does include some specialized steps. Every successful franchise must budget, plan, and service financial demands. Versatile Accounting & Tax is here to help mitigate whatever challenges you face. We are experienced and very well versed in ledger items that are specific to retail and franchising, and we are here to provide assistance with the very complex accounting and financing related requirements and strategies specific to the industry, like taking into account royalty fees and marketing fees, and amortizing initial fees.