Retail and Consumer Products

The evolution of brick-and-mortar locations and service models makes it more important than ever that you have guidance you can trust to see you through change. Knowing you and how to service your needs means understanding how the online business model and other industry trends affect everyone from start-ups to family-owned businesses, and big-box retailers. MHM has the experience and solutions you can rely on for compliance, risk management, and adapting to the new world of retail and consumer products.

Be in the Know About Accounting Changes

Our quarterly accounting and financial reporting issues update webinar covers the latest developments that affect you.

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SERVICES

Through our experience with financial statement audits, we have created efficiencies in your audit process. We also perform employee benefit plan audits, compile SOC reports and assist with agreed-upon procedures and compilations.

Knowing you helps us guide you through tax opportunities, including depreciation deductions, and business interest expense limitations. Our team also assists with sales tax reporting processes, unclaimed property, and a range of other state and local, federal, and international tax solutions.*

Our understanding of the retail environment informs our business consulting services, including IT security, PCI compliance, consumer product valuations, and strategic financial planning and analysis. Our corporate recovery services team also provides support for turnaround and restructuring.*

INSIGHTS

Financial Statement Changes Coming in the Wake of 'Wayfair'

Internal accounting departments may be focused on complying with the tax changes in South Dakota vs Wayfair (and rightly so), but there are also financial reporting considerations that come into play with sales and use taxes.

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Six Audit Risks to Watch for with the New Revenue Recognition Standard

Adopting the new revenue recognition standard introduced under ASC Topic 606 will be one challenge; being audited with the new standard will be another.

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Your Leasing Questions Answered

As entities work through their transition to the new guidance, a number of questions may come up. The following may assist with implementation.

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Prepare Your Accounting Year-End Processes for the End of 2018

Before you close the door on 2018, you may want to take a quick review of the changes that will affect 2018 financial statements.

2019 Tax Rates and Inflation-Adjusted Figures Released

The IRS and the Social Security Administration have released 2019 inflation-adjusted figures for more than 50 tax provisions.

Webinar: Fourth Quarter Accounting and Financial Reporting Issues Update 2018

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events impacting financial reporting and the accounting profession.

Online Retailers Reeling as Supreme Court Ruling to Have Significant Impact on Sales Tax Collections

In South Dakota v. Wayfair Inc. , the Supreme Court ruled that the physical presence standard for sales tax collection is no longer the law of the land. Retailers across the nation must prepare for a profound increase in sales tax collection responsibilities as states adapt their laws to this new judicial standard.

Webinar: Source Your Sales - A Multi-State Primer for Apportionment in Service

This webinar examines the common approaches utilized by state taxing jurisdictions to source service revenue in order to provide an overview of the principles involved.

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Key Contact

Jay Silver

jsilver@cbiz.com (212) 790-5748

Retail and Consumer Products