In UK Retail is one of the most important sectors of economy; In 2021 the total value of retail sales reached a highest value of 465.25 billion (approx). There has been a rapid shift in consumer spending habits recently and also the growth of online shopping platforms like Amazon and ebay has reduced footfall on the high street. On top of that commodities prices are increasing therefore profit margins are squeezing for small retailers, in this case pressure to perform well and saving every penny is crucial for survival.
We have many years of experience working as accountants and tax advisors to retail business in cardiff therefore we understand the issues facing the retail sector, especially after the pandemic. Commodities prices are increasing so profit margins are squeezing, in this case pressure to perform well and saving every penny is crucial for survival. Our advisors in our team work with the retail clients to identify savings, work closely with them to make it tax-efficient and hence increase profitability – ‘A penny saved is a penny earned’.
We make sure your business is structured in the most tax efficient way. We have R & D specialists on who can help you identify the areas where you can claim for tax credits; for example, development of shopping apps and new stock systems. Similarly our team can advise you on capital allowances including super deduction allowance of 130%.
OPTIMA’s team can help your business in various regards:

• specialist accounting services
• tax planning and advice you may need
• VAT related issues
  Access to
• specialised funding
• Research and
• Development (R&D) Tax Credit
• strategic advice including financial analysis to boast efficiency
• Staff Payroll & HR advice
• Assessment of Plastic Packaging Tax (PPT) liability
• Forecasting & Budgeting support & advice
  Help is here!
  We understand that choosing an accountant for business is a challenging task therefore we offer an initial no obligation meeting 20-30 min with an experience team member in your industry to answer your questions. Please fill the form and we will get back to you.