Retail & Distribution
Distribution and retail have distinct and very specialized issues. These issues include: LIFO inventory, section 263A IRS issues, unclaimed property, sales tax issues (particularly shipping materials and break bulk matters), cash reporting, credit card charges and pricing arrangements, advertising costs, facility financing, and banking relationships for inventory and receivable financing. Because these businesses are so dependent upon financing and inventory controls, our audit team offers a broad base of experience in inventory methodology and procedures.
Each year our firm audits almost $4 billion in retail sales.