customer checking out at store

Consumer

Overcoming daily challenges

When it comes to the consumer economy, the only constant is change. Retailers, wholesalers, dealers, and distributors, all rely on consumer spending to drive revenue while encountering a myriad of challenges daily. Interest rates, employment levels, financial market values, tax legislation, lending policies, new products, new markets, technology advances, and changes in the competitive mix demand action from these companies. Reacting to these conditions is not enough to ensure survival.

Knowledge and anticipation are essential to solving these challenges. To grow a consumer-based business during economic uncertainty, management must understand what is happening now and what is likely to happen, and then have a plan in place to deal with any situation.

We specialize in helping businesses plan for and take advantage of fluid economic conditions. Our understanding of financial requirements and operational challenges benefits retailers, wholesalers, dealers, and distributors. We develop an understanding of your business and tailor our services to fit your needs, foster growth, and improve profitability.

Professional-analyzing-data

Tax Services for the Consumer Industry

R&D Tax Credit
Industry specific tax deductions and credits
Tax deferred exchanges
Tax minimization strategies

Depreciation strategies
Cost Segregation Studies
Estate and Gift Tax planning
IRS audit assistance

Assurance Services for the Consumer Industry

Employee Benefit Plan Audits
Fraud investigation & forensic accounting
Financial Statement preparation

Examinations
Forecasts and projections

Advisory Services for the Consumer Industry

Technology advisory
Cash flow analysis
Benchmarking
Employee Benefit Plan Advisory
Ownership buy-in / buy-out
Sales & Use Tax consulting
Financial due diligence

Lease vs. purchase analysis
Income Tax Nexus Studies
Entity formation and selection
Entity structure analysis
Internal Control Studies
Financing assistance

Outsourced Accounting for the Consumer Industry

Payroll assessment and administration
Selection, implementation, and operation of accounting software

Consumer Industry Leadership

Dan Chodan, CPA

Dan Chodan, CPA

Karen R. Shenk, CPA, CVA, CCIFP, CEPA, CFE

Karen R. Shenk, CPA, CVA, CCIFP, CEPA, CFE

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Want to learn how we can help your business?

We would be happy to discuss how Trout CPA can help with your specific needs.

photo of business owners having a meeting with their CPAs