Retail and wholesale

Daily takings, tills and payments

Retailers must transmit their daily takings (corrispettivi) electronically to the Revenue Agency, usually via an approved electronic cash register (registratore telematico). The till data, card terminal payments and bookkeeping must match. Recent rules strengthen the cross-checking of electronic payments against transmitted takings.

We check the tax treatment of daily takings, vouchers, deposits and returns and reconcile the data with your accounts. Where necessary, we clarify technical till settings together with your till provider.

Inventory and margin

At year end, inventory (rimanenze) must be counted and valued. The valuation method chosen, the treatment of seasonal and slow-moving stock and the consistency of the method all directly affect the result. A flawed stocktake is also a frequent starting point for tax audits.

Running your business takes more than the annual accounts. We analyse gross profit and margin by product group or branch, show trends in stock turnover and staff costs, and help you base prices and product range on solid figures.

• Support with stocktaking and its documentation
• Valuation and write-down of inventories
• Analyses by product group, branch or sales channel

Purchases and sales in the EU and beyond

Many South Tyrolean retailers source goods from Germany or Austria or sell to customers abroad. Intra-Community acquisitions and supplies are subject to their own VAT rules and, depending on volume, must be reported in Intrastat returns. When selling to private individuals in other EU countries, for example through an online shop, the VAT of the country of destination may apply above a certain threshold.

For exports to non-EU countries, customs clearance and proof of export are particularly important. We also check whether your company qualifies as a regular exporter (esportatore abituale) and can purchase without VAT within an available ceiling (plafond).

Liquidity and business premises

In retail, inventory, pre-financing of seasonal goods and payment terms tie up a lot of capital. Cash flow and financial planning shows early on when bottlenecks are looming and whether overdraft facilities, loans or subsidised financing make sense. We prepare such plans and, on request, accompany you to meetings with the bank.

For many retailers, the business premises are one of the most important decisions. Commercial leases in Italy have statutory minimum terms and special features, such as compensation for loss of goodwill (indennità di avviamento) when the landlord terminates. When buying or selling a business (cessione d’azienda), we advise on the purchase price, taxes and liability for existing debts.