Retail is a volatile industry and success depends on swift management decisions and accurate predictions of future trends. The retail industry continues to become more competitive each year and businesses are constantly affected by changes in the economy and seasonal fluctuations in their customers’ spending habits. Successful retailers must respond rapidly to changes in consumer habits, market trends, and the fluctuating cost of commodities, and the effect of many decisions can be seen quickly. At Louis Plung & Company, our goal is to always be available to field questions, anticipate problems before they arise, and help the owners and management confidently respond to the challenges of this industry.
Louis Plung & Company has been serving retailers since nearly the firm’s inception in the 1920s. Some of our retail clients started out as small, family-owned operations that we have seen grow into large, multi-million dollar market leaders.
Below is a list of some of the many services we can offer to meet the demands of retail clients:
- Audit and/or quarterly audits, reviews or compilations of financial statements
- Employee benefit plan audits
- Review of internal controls and processes
- Local, state, and federal taxes planning and preparation
- Ongoing tax compliance
- Multi-state tax planning
- Lease accounting
- Inventory valuation
- Sales and use taxes
- Property taxes