Retail & Service
Welch’s Retail & Service accounting services are a one-stop-shop solution for all things could elevate you to the next big success story.
Navigating change in the retail and service industry is no small feat. Managing daily operations while striving for growth can be overwhelming in an ever-evolving market. That’s where we come in. Our team stays ahead of industry trends, market shifts, and emerging technologies to help you adapt and maintain profitability. Whether you’re tackling new point-of-sale systems, enhancing customer experience, optimizing costs, or restructuring your business, our deep expertise across diverse companies equips us to provide the right solutions. We don’t just offer advice—we deliver the tools you need to thrive.
What We Do in Retail & Service Accounting
Financial Performance & Business Value
Operational Efficiency & Growth
Risk Management & Fraud Prevention
Tax Services
- Business Valuation
- Net Worth Statements
- Cash & Expense Management
- Cash Controls
- Profitability Analysis & Cost Reduction
- Financial Forecasting & Budgeting
- Cloud Bookkeeping
- Succession Planning
- Operational Reviews
- Inventory Controls
- KPI Development & Performance Benchmarking
- Technology & Systems Advisory
- Mergers & Acquisitions Support
- Internal Controls
- Fraud Investigations
- Regulatory Compliance & Tax Planning
- Payroll & Employee Benefit Consulting
- Sales Tax (GST/HST/PST) Compliance & Optimization (Ensure proper tax collection and remittance)
OUR CLIENTS
Team Members in Retail & Service Accounting
Related Resources
Dealing with Tariffs: Strategies for Retail and Service Businesses
March 10, 2025 – Tariffs have become a significant concern for business owners, governments, and consumers alike. The United States, our largest trading partner, is threatening a mutually beneficial relationship that represents $3.6 billion in goods and services exchanged daily and supports hundreds of thousands of jobs on both sides of the border. This situation raises a critical question: What can be done?
Choosing the Right Business Structure for Your Retail or Service Business
February 17, 2025 – One of the first and most important decisions when starting a business is selecting the right legal structure. Your choice impacts everything from liability protection and taxation to operational flexibility and financing opportunities.
In Retail, AI Doesn’t mean ‘Artificial Intelligence’ it means ‘Adopt Immediately’
January 09, 2025 – Retail is one of the most significantly impacted sectors of AI, offering retailers innovative solutions that drive growth, improve efficiency, and offer a personalized shopping experience. It is no longer just an option; it’s a necessity for staying ahead of the curve.
Welch LLP Annual Accounting and Tax Technical Update for Private Enterprises 2024
October 09, 2024 – Gain insight for the year ahead. Our virtual Private Enterprise Accounting & Tax Update webinar will take place on October 9th at 10am.
New Clean Technology Investment Tax Credit
September 12, 2024 – The CTITC is a refundable tax credit available to taxpayers that make eligible investments in clean technology property that become available for use between March 28, 2023 and December 31, 2025. The credit varies depending on a variety of factors described below but can equate to as much as 30% of the cost of qualifying assets.
Let’s Talk Capital Gains! Jim on the Hardlines Podcast
July 23, 2024 – Jim speaks with Hardlines Editor Steve Payne about the implications of the Capital Gains tax, with a few examples on what some business owners could do in response to these recent changes.
Private Enterprise Accounting and Tax Update 2022
October 06, 2022 – Gain insight for the year ahead with our Virtual Annual Private Enterprise Accounting & Tax Update Webinar.
Technology Risk Management – Our Welch Risk Advisory Team can help
May 04, 2021 – Over the last decade, the reduced cost and ‘ease of use’ of technology has led small and medium business and organizations to make incremental or radical changes to the way they do business. Senior management is becoming more familiar and experienced with both the opportunities and dangers present in the ever-changing world of technology.
9 Reasons to hire a Cloud-Bookkeeper Today
April 26, 2021 – Today, remote bookkeeping and cloud-based services has made it easier than ever to work with expert professionals no matter your location. Here are 9 reasons to begin working with a professional Elevate cloud-bookkeeper:
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