CMA provides advice tailored to empower you with the tools to take your business to the next level.

Sector specific knowledge

CMA Accountancy have been working with businesses in the retail sector for a number of years, ranging from small independent retailers to large companies who trade internationally. We have a wealth of sector specific knowledge and can provide advice tailored to your business. Whether you require tax advice, payroll and pension knowledge, financial planning or any of the numerous considerations in operating a successful business in this sector, CMA Accountancy is a firm you can rely on to help.

Our team can offer a cost effective solution, ranging from basic self-assessment compliance and tax services to a detailed analysis and advice package to ensure your personal tax position is as watertight as possible. We pride ourselves on delivering a transparent, practical and specialist service to our clients, taking a personal approach to your requirements to make certain your tax matters are dealt with in an efficient and effective manner.

Challenges CMA’s Solutions
Time – at CMA we understand the pressures of having to keep up to date with all of the financial admin and statutory requirements. Cloud Software - our team are experts on multiple cloud-based accounting solutions. A fully integrated software that makes use of the appropriate add-ons can be a powerful tool to drive your business forward.
Accounts Software – with the number of accounting software’s and business support solutions on the market, selecting the most effective combination for your needs can be a challenge. Retail finance software - as a leading firm in our usage of cloud-based and digital software’s, we are well-versed in utilising a number of product and creating a synergy between them to ensure your business is well organised and ahead of the curve. Through our knowledge of the business software’s available, we can easily
Profitability – knowing how much profit you have made is vital in terms of the tax liabilities that will be associated, but also in having a clear understanding of the money available to be drawn out of the business. Monthly or Quarterly progress checks – Management accounts on a monthly or quarterly basis can be a powerful tool to change the fortunes of your business or to recognise areas where you are strong, to enable you to take further advantage of this. We are able to plan for your tax obligations through in year reviews of profit and drawing levels.
Tax Efficiency – whilst having the funds available to draw is always a luxury to enjoy, ensuring you draw them in the correct way is vitally important to avoiding unnecessary tax charges. Annual Review – we will sit down with you to go through your financial reports for the past year, and take a look a significant variances and potential opportunities to make the business more profitable. By devising a plan each year, it leaves you best placed to implement the necessary changes to make your business work better for you. In addition to the business, we can take a look at your personal circumstances and devise dividend strategies, use of the pension contributions to save tax and potential amendments to remunerations.
Staff Payment – your employees are a key aspect of your business, particularly in supporting you as your grow. Ensuring that employees are paid correctly, and on time is imperative to building a solid team foundation. Outsource – allow us to take the burden of your financial compliance, bookkeeping, payroll and more, by outsourcing these time consuming and often overwhelming task to the experts. We have extensive knowledge in all core accounting and bookkeeping services, and are well positioned to relieve you of the stress.