CPA Practice

OCTOBER 16, 2024

Halloween can be a scary time for retailers. With that kind of sales volume, it’s imperative for retailers to get the sales tax on candy right — and it’s not easy. HDNA also created a tax compliance challenge for retailers within the Navajo Nation, per the study. Comments by two retailers illustrate some of their pain points.

Retail 119

Retail Tax Washington Vermont 119

CPA Practice

JULY 31, 2024

Washington could be on its way to becoming the third state in the nation with a retail delivery fee, following the route paved by Colorado and Minnesota. So, what would a Washington retail delivery fee look like? What is a retail delivery fee? A retail delivery fee is not a tax but functions much like one.

Washington 111

Washington Retail Minnesota Colorado 111

CPA Practice

JULY 9, 2024

Monthly inbound cargo volume at the nation’s major container ports is continuing to rise despite a variety of supply chain challenges, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates. The first half of 2024 is expected to total 12.04 million TEU, up 14.4% from the same period last year.

Retail 115

Retail New Jersey Virginia New York 115

CPA Practice

SEPTEMBER 6, 2024

retailers face significant challenges when navigating sales tax holidays, according to a new report from Avalara, Inc. , While these holidays are designed to boost consumer spending and businesses’ sales, the complexities involved have actually left nearly 60% of retailers struggling to make a profit. Small and midsize U.S.

Sales 116

Sales Retail Tax Government 116

CPA Practice

APRIL 12, 2024

Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor , powered by Affinity Solutions, released today by the National Retail Federation. “As For the first quarter, total retail sales were up 2.65% year over year and core sales were up 3.12%. That compared with increases of 0.4%

Sales 105

Sales Retail Sports 105

CPA Practice

APRIL 16, 2024

Retail sales continued to increase in March along with job growth and tax refunds, which put more money in shoppers’ pockets, according to data from the U.S. While sales were mixed, several factors supported retail sales including an early Easter holiday, slightly larger 2023 tax refunds and stronger payroll growth over the last three months.

Sales 119

Sales Retail payroll Tax 119

TaxConnex

MARCH 7, 2023

Online retailers and eCommerce companies have been the focal point of taxing jurisdictions and their updated nexus laws for years. Retail/eCommerce respondents to our survey reported challenges such as audits, timely filing of sales tax returns and charging the correct sales tax.

Sales 130

Sales Retail Tax tax return 130

CPA Practice

NOVEMBER 20, 2023

Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, according to a statement from National Retail Federation Chief Economist Jack Kleinhenz. Census Bureau’s most recent release of monthly retail sales data. His remarks were in response to the U.S.

Retail 111

Retail Sales 111

CPA Practice

MARCH 21, 2024

The retail industry supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment, according to a new report released today by the National Retail Federation. Retail Industry examines the direct, indirect and induced contribution of the retail industry to the U.S.

Retail 116

Retail Georgia Florida Texas 116

CPA Practice

JULY 16, 2024

Census Bureau shows modest retail sales gains in June despite an uneven pace of spending in recent months, National Retail Federation Chief Economist Jack Kleinhenz said. Spending has been uneven but remains in good condition notwithstanding the slower pace of payrolls, subdued consumer confidence and price deflation for retail goods.

Sales 85

Sales Retail payroll 85

Withum

OCTOBER 18, 2024

Auto retail marketing has changed dramatically over the past 25 years. Creating a Baseline : We need to establish a baseline for marketing cost per vehicle retailed and a percent of gross profit. Let’s Chat The post Rethinking Automotive Retail Marketing appeared first on Withum.

Retail 52

Retail Sales 52

Anders CPA

JANUARY 15, 2024

Here are some factors for cannabis retailers to consider when building a 2024 financial plan. Cannabis Retail Sales Projections To come up with projected revenue, a retailer needs to consider their historical sales data, the 2024 addressable market, as well as any specifics in local demographics. We would be happy to help.

Retail 96

Retail Missouri Sales CPA 96

TaxConnex

MAY 24, 2022

Nearly half the attendees of a recent TaxConnex webinar on multi-channel selling use direct/retail eCommerce as their main avenue of sales. Economic nexus has emerged as a burning issue for many online retailers since the 2018 decision of South Dakota vs. Wayfair , in which the U.S.

South Dakota 220

South Dakota Sales Retail Tax 220

Menzies

MARCH 7, 2024

The evolution of the retail landscape and rise of online shopping has encouraged retailers to invest substantially in their technology, online offerings, and delivery capabilities. There are three main areas that impact on the level of sales achieved by retailers: Their products Their people and The method in which sales are made.

Retail 52

Retail E-commerce chartered accountant Sales 52

CPA Practice

JULY 24, 2023

Retail sales continued to rise in June even as employment grew more slowly, the National Retail Federation announced this week. June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” NRF President and CEO Matthew Shay said. from May and up 1.5%

Sales 96

Sales Retail Sports 96

CPA Practice

OCTOBER 2, 2023

As incidents of retail crime continue to escalate throughout the country, retailers have seen a dramatic jump in financial losses associated with theft. When taken as a percentage of total retail sales in 2022, “retail shrink” accounted for $112.1 Shrink percentages can vary significantly by retail sector.

Retail 116

Retail New York payroll Sales 116

CPA Practice

JUNE 18, 2024

Census Bureau on June 18 shows retail sales grew again in May and helped drive a still-expanding economy, National Retail Federation Chief Economist Jack Kleinhenz said. May’s retail sales give us a snapshot of a reasonably healthy consumer even though spending growth is fluctuating somewhat,” Kleinhenz said.

Sales 88

Sales Retail 88

CPA Practice

MARCH 14, 2024

Census Bureau shows retail sales expanded in February after a strong but flat January, National Retail Federation Chief Economist Jack Kleinhenz said. Retail sales rebounded in a solid fashion in February, showing the consumer is still spending and pointing to underlying strength in the economy,” Kleinhenz said.

Sales 72

Sales Retail 72

Menzies

SEPTEMBER 16, 2024

In anticipation of this year’s Autumn Budget, Menzies’ Retail Sector Team have compiled a Wishlist for the sector, covering key areas such as VAT, business rates, the national living wage, and the employer national insurance allowance, highlighting the measures businesses should focus on.

Retail 52

Retail chartered accountant Tax accounting firms 52

Menzies

JUNE 26, 2024

Retail Crime Retail crime has surged by a third in the past year, with shoplifting rates reaching their highest levels in over two decades, surpassing 400,000 incidents for the first time since records began in 2002. Last year, it is estimated that retail crime cost businesses £1.7 What would the retail sector want to see?

Retail 52

Retail chartered accountant accounting firms accountant 52

CPA Practice

JANUARY 29, 2024

billion, according to the latest annual survey released by the National Retail Federation and Prosper Insights & Analytics. Retailers are ready to help customers this Valentine’s Day with meaningful and memorable gifts,” NRF President and CEO Matthew Shay said. It was conducted Jan. 2-8 and has a margin of error of plus or minus 1.1

Retail 110

Retail Sales 110

CPA Practice

OCTOBER 17, 2024

Census Bureau shows retail sales increased again in September as employment grew and inflation and interest rates fell, according to National Retail Federation chief cconomist Jack Kleinhenz. Clearly, consumers continue to carry the economy, and conditions for the retail sector remain favorable as we move into the holiday season.”

Sales 40

Sales Retail payroll 40

CPA Practice

APRIL 10, 2023

By Gail Cole A bill making its way through the Colorado General Assembly could help all businesses, and especially small businesses, comply with the retail delivery fee (RDF) that took effect July 1, 2022. What is the Colorado retail delivery fee? Benefits to the state The retail delivery fee benefits Colorado in a few ways.

Colorado 107

Colorado Retail Tax Sales 107

Menzies

APRIL 12, 2024

These are tumultuous times for the UK’s retail sector. A shift in consumer spending habits and the rapid growth of online shopping platforms, alongside a cost-of-living crisis, has reduced footfall on the high street and placed increased pressure on the operating margins of many retailers.

Retail 52

Retail E-commerce chartered accountant Manufacturing 52

RogerRossmeisl

JANUARY 27, 2021

For most retailers, December is the most profitable season of the year. retailers suffer annual losses of $18.4 billion from fraudulent returns, according to data analytics company Appriss and the National Retail Federation (NRF). retailers suffer annual losses of $18.4 Such a shift is likely to mean even more fraud.

Retail 130

Retail CPA Sales Technology 130

CPA Practice

AUGUST 15, 2023

retail sales rose in July by more than forecast, suggesting consumers still have the wherewithal to sustain the economic expansion. The value of retail purchases increased 0.7% Sales, which aren’t adjusted for inflation, increased in nine of 13 retail categories last month. By Reade Pickert – Bloomberg News. Via TNS) U.S.

Sales 98

Sales Retail E-commerce Sports 98

CPA Practice

APRIL 25, 2023

Organized retail crime (ORC) is a perpetual and burgeoning problem for the U.S. retail industry, and evidence suggests it is growing in both scope and complexity, according to a new report by the National Retail Federation. The comprehensive report provides a detailed assessment of U.S.-based

Retail 69

Retail Finance Sales 69

CPA Practice

SEPTEMBER 10, 2024

The nation’s major container ports are expected to see another busy month in September ahead of a potential labor strike at East Coast and Gulf Coast ports, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates. January 2025 is forecast at 1.96 million TEU, down 0.3% year over year.

Retail 85

Retail New Jersey Virginia New York 85

CPA Practice

FEBRUARY 8, 2024

billion in 2024, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. Retailers are ready to help customers this Valentine’s Day with meaningful and memorable gifts,” NRF President and CEO Matthew Shay said. Spending on the annual lover’s day is expected to reach a record $14.2

Retail 105

Retail 105

CPA Practice

JULY 12, 2024

Retail sales showed moderate growth in June amid a still-solid economy and near-zero inflation for retail goods, according to the CNBC/NRF Retail Monitor , produced by Affinity Solutions and the National Retail Federation. That compared with increases of 1.35% month over month and 3.03% year over year in May.

Retail 52

Retail Sports Sales 52

Insightful Accountant

JANUARY 17, 2024

Retailers are unlocking their data to drive growth with the AI-powered insights delivered by NetSuite Analytics Warehouse.

NetSuite 105

NetSuite Retail 105

ThomsonReuters

MAY 22, 2024

The retail landscape has undergone a dramatic transformation in recent years. For retailers, the omnichannel approach is essential to remain competitive, but it presents significant challenges for Tax departments. That’s why many large retailers are transitioning to centralized, cloud-based (or hybrid “edge”) tax-management systems.

Retail 52

Retail Tax Technology Sales 52

CPA Practice

JUNE 21, 2023

California Attorney General Rob Bonta on Tuesday announced a new partnership between the Justice Department and more than a dozen retailers and online marketplaces to crack down on organized retail crime in the state. Organized retail crime will not be tolerated,” Bonta said at a news conference. We have agreement.

Retail 96

Retail California Government Sales 96

CPA Practice

OCTOBER 15, 2024

The National Retail Federation is forecasting that 2024 holiday spending is expected to grow between 2.5% A primary contributor of overall retail sales growth is expected from online shopping. As retailers anticipate increased consumer demand during the holiday season, additional associates are needed to support business operations.

Retail 52

Retail Sales Finance 52

Menzies

NOVEMBER 9, 2023

A Vision for a Sustainable Future: Overhauling UK Retail Policies We are proposing essential recommendations to the UK government in preparation for the upcoming Autumn statement. Menzies LLP - A leading chartered accountancy firm. This would alleviate the burden for all by reverting the multiplier back to its original rate of 34.8p.

Retail 59

Retail chartered accountant Government Tax 59

CPA Practice

JUNE 10, 2024

Monthly inbound cargo volume at the nation’s major container ports is expected to reach its highest level in nearly two years this summer, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. The first half of 2024 is expected to total 12.1 Imports during 2023 totaled 22.3

Retail 69

Retail Sales 69

Menzies

MARCH 11, 2024

The chancellor failed to address any major areas impacting the sector, which is likely to leave retailers continuing to struggle for the rest of 2024. Sadly, there was no mention of lowering Employers National Insurance for retailers, which would have been a huge boost to the sector. Therefore the 9.8%

Retail 52

Retail chartered accountant Government Tax 52