Retail & Wholesale Distribution CPAs - Buffalo WNY

Lougen, Valenti, Bookbinder, & Weintraub Industry Expertise

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Retail / Wholesale Distribution Services

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 you navigate:

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

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