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GuidesBlogAboutContact Start the checkHome / Who we help / Accountants for furniture retailers
Accountants for furniture retailers in South Wales, on a fixed fee
Accountants for furniture retailers get called when a customer deposit, a twelve week delivery lead time and a VAT return all land in the same quarter.
Most showroom owners we meet are unsure when VAT falls due on a deposit taken in March for a sofa delivered in June. Tax investigation cover is included free for every client, so if HMRC asks about your returns, we answer them.
In one lineSupreme Consultants is an AAT licensed accountancy practice in Cardiff Bay that does the bookkeeping, VAT, payroll, accounts and corporation tax for furniture retailers across South Wales. The fee is fixed and agreed in writing before work starts, and tax investigation cover is included free for every client.
Check we’re the right fit
A few questions about your business. Mudassir replies the same working day.
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
5.0 on Google from 14 reviewsReply the same working dayFee fixed before we startEnglish, Urdu, Hindi and Farsi spokenIs your furniture shop in good hands? Three questions.
Answer with the buttons; nothing is emailed to you.
Question 1 of 3
Does your accountant reply the same working day?
Do you know your fee will not change this year?
If HMRC wrote tomorrow about your VAT, would they deal with it at no extra cost?
You are carrying the VAT risk on deposits and deliveries yourself. Start the check and we will tell you the same working day whether we can help.
Start the checkYou are in a reasonable position on most of it. The gap is worth ten minutes on the phone before your next VAT quarter closes.
Start the checkYou are well served and there is no reason to move. Read the guides if you want to sense check your stock and deposit treatment.
Read the guidesWhat you get
Tax investigation cover included free
If HMRC opens an enquiry into your shop, we deal with it and you pay us nothing extra. Other firms sell this as an add-on for £300 to £1,000 a year.
Deposits and deliveries in the right quarter
We set your records up so money taken on order and goods sent months later land in the correct VAT return.
A fee you know before we start
The fee is agreed in writing first, and calls, meetings and emails are never billed on top.
What furniture shop owners tell us
These are the three things we hear most in a first conversation with a showroom owner.
“I took a deposit on a dining set in March and it goes out in June. When is the VAT due?”
He left it off the March return. The correction came back with interest attached.
“The showroom is full of stock I paid for in January and the accounts say I made money I never saw.”
Stock was never counted properly, so his profit figure moved every year for no reason he could explain.
“I have paid full business rates since Covid and nobody ever mentioned relief.”
Welsh councils only give retail rates relief to businesses that apply for it, and nobody had applied.
What changes once we take it on
Your till, card machine and finance deals are reconciled monthly instead of once a year. Deposits, deliveries and stock are recorded the same way every quarter, so the VAT return stands up. You ring us when a figure looks wrong and it costs nothing.
How this compares with your current arrangement
Most furniture retailers come to us from a firm that does the accounts well and the rest slowly.
A once-a-year accountant
You hear from them after the year end.
A ten minute call appears on the invoice.
Investigation cover is sold as an extra each year.
Welsh rates reliefs are left to you to find.
With Supreme Consultants
A reply the same working day.
Calls, meetings and emails are never charged.
Tax investigation cover is included free.
We check the Welsh reliefs that apply to your shop.
Eight questions about your furniture shop’s books
Answer these before your next VAT quarter closes.
Do you know which quarter a customer deposit belongs in?
Deposits taken on order usually create a VAT point long before the delivery van moves.
Is your stock counted at the year end?
Without a count, your profit figure moves for reasons you cannot explain.
Are interest free credit and finance commissions recorded separately?
Finance income and the sale value need keeping apart in the books.
Do card machine takings match the till?
Gaps between the two are the first thing an HMRC check looks for.
Have you applied for Welsh retail rates relief?
Councils in Wales give it to businesses that apply, not automatically.
Are delivery and assembly costs tracked per order?
Otherwise your margin on bulky items is a guess.
Is your payroll filed to HMRC on time each month?
Late RTI submissions bring penalties that are easy to avoid.
Would someone answer today if HMRC wrote to you?
Our clients get a reply the same working day and we handle the letter.
What we do for your furniture business
One fixed fee covers the compliance work a showroom needs through the year.
All Who we help- VAT returns
- Registration, the right scheme and Making Tax Digital records. We put deposits and delivered orders in the correct quarter.
- Bookkeeping and stock
- Records kept up to date in cloud software, with a free move to Xero if you want to switch. Stock and margin are recorded the same way every month.
- Payroll and auto-enrolment
- Payslips, pensions and RTI submissions for showroom, warehouse and delivery staff.
- Accounts and corporation tax
- Year-end accounts and the corporation tax return prepared, filed on time and explained in plain English.
- HMRC investigation support
- We deal with HMRC for you. Every HMRC investigation we have handled, we have won.
What a first meeting found on one retailer’s rates bill
A Spar franchise owner with several stores came to us still paying full business rates from the Covid years. Retail businesses in Wales were entitled to relief, but Cardiff Council only gave it to those that applied.
Clients described by type. Names withheld.
- How it was found
- We checked his rates position against the Welsh retail relief rules before we had even taken him on.
- What happened
- He applied and it saved him £10,000.
Reviews from clients
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
I just want to say a big thank you to Mudassir for all the advice, guidance and help he has provided whilst dealing with my accounts and tax returns. From start to finish the service has been excellent and professional. Unlike other accountancy firms they provide a friendly personalised service, I was very clear on the process and was even provided with additional guidance where needed. Highly recommended!
Friendly, nice 👌 , helpful and great all around
Difficult to describe as there are too many words that can be expressed for a wonderful accountant and their firm.
Definitely 🔝 and highly recommended in Wales 🏴 and throughout the UK for Accountancy and Tax Services
Shaz Khan
How switching to us works
Four steps, and you never have to ring your old accountant.
- Before you join
A fixed fee in writing
You answer a few questions on the site. Mudassir reads them and replies the same working day, and we agree your fee before any work starts.
- Week one
Records moved across
We complete your ID checks and write to your current accountant for your records. HMRC and Companies House authorise us as your agent.
- First month
Old returns gone through
We go through your past accounts, VAT returns and HMRC records. Unclaimed reliefs, payments on account set too high and penalties worth appealing turn up here.
- By ninety days
Deadlines mapped for the year
We sit down with you on how you pay yourself and on your bookkeeping set-up. You know what is coming up and who to call.
Who we are not right for
We do not take on CIS construction subcontractors.
We do not do charity accounts.
We do not take on a business already late in an HMRC investigation.
If your shop falls outside those, start the check and we will tell you the same working day.
Accountants for furniture retailers: questions people ask
How much do accountants for furniture retailers charge?
We agree a fixed fee in writing before any work starts, based on your turnover, how many VAT returns you file and how many staff you pay. It does not move during the year. Calls, meetings and emails are never charged on top, so asking us a question about a deposit costs you nothing.
Can I switch accountants in the middle of the year?
Yes. We write to your current accountant for your records, so you do not have to make that call. We complete your ID checks, get authorised as your agent with HMRC and Companies House, and pick up the next VAT quarter. The handover and your first month carry no separate charge.
What happens if HMRC writes to me about my VAT?
Send us the letter and we deal with HMRC for you. Tax investigation cover is included free for every client, where other firms sell it as an add-on for £300 to £1,000 a year. Every HMRC investigation we have handled, we have won. We cannot take on a business already late in an investigation.
Do I have to change my accounting software?
No. We work with the cloud software you already use for your till, orders and bank feed. If you want to move to Xero, we migrate you free of charge and set the chart of accounts up for a showroom, with stock, deposits and delivery costs kept separate.
Do accountants for furniture retailers deal with VAT on customer deposits?
We do. A deposit taken when a customer orders a sofa usually creates a VAT point then, not on the day it is delivered weeks later. We set your records up so each payment lands in the right quarter and the return matches your till and card machine reports.
Do you work with furniture shops outside Cardiff?
Yes. We are based at Titan House in Cardiff Bay and work across South Wales, including Newport, Swansea, Caerphilly, Barry and Port Talbot, plus Bristol over the bridge. Work is done remotely, in person at our office, or a mix. Over 90% of our clients are in South Wales.
Three ways to take the next step
Start the check
Answer the questions on this page and Mudassir replies the same working day with whether we are a fit and what the fixed fee would be.
Start the checkGot a question about a deposit or a VAT letter?
Ask Mudassir and he will answer, because calls and emails are free here.
Ask Mudassir a questionStill deciding
The guides explain what HMRC looks at in a VAT check and which Welsh reliefs retailers have to apply for.
Read the guides