Retail / Wholesale Distribution

Lougen, Valenti, Bookbinder & Weintraub, LLP (LVBW) knows retail and wholesale distributors face many challenges in a crowded segmented and highly competitive market. In an industry where the future is often unpredictable, LVBW's experience and knowledge can help you address industry challenges and manage the unique complexities of your business.

We work with a variety of retail and wholesale distributors. When it comes to industry accounting issues, we can help with:

  • Inventory valuation
  • Lease accounting
  • Property taxes
  • Asset impairments
  • State and local income taxes
  • Unclaimed property & ESCHEAT laws
  • Discontinued operations
  • Landlord allowances
  • Vendor allowances
  • Charitable contribution
  • Construction period interest
  • Markdowns
  • Segment reporting
  • Sales and use taxes
  • CFO consulting or outsourcing

 

Experienced in analyzing various tax issues throughout the life cycle of a store or business, we can make recommendations regarding:

  • Method of inventory selection to help optimize tax savings and possible change in method of inventory of accounting to achieve such savings
  • Review of shrinkage losses for achieving tax deductibility of shrinkage reserves
  • Review of lease accounting and terms to help minimize taxable income on landlord inducement payments
  • Proper accounting for differences between book and tax treatment of inventory components to help maximize tax deductions
  • Using cost segregation studies designed to maximize depreciation deductions
  • Review of charitable contributions of inventory to help maximize tax deductions