5 Benefits of Strategic Tax Planning for Equipment Upgrades & Expansions
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Manufacturing Accounting Services
Producing more with less
If you’re like many managers and owners in the manufacturing industry, you’re probably struggling with hiring skilled workers. Customers are asking for lower prices while supply and freight costs continue to rise. Implementing technology to assist with automation on the plant floor and back office is front of mind. Also looming are topics like shifting trends in globalization, regulations and tariffs.
And that doesn’t include the other challenges you face every day: your greying workforce, retaining skilled labor, heightened competition and researching and adopting new technologies.
Manufacturers and wholesale distributors often need a strategic principal to overcome these challenges. Solution examples include technology enhancements both for on floor and back room applications to make your operation more efficient and lean, federal and state tax credits, assistance with cost accounting, incentives and deductions, research and development, internal control assessments, recommendations and remediation strategies, and profitability and productivity studies including inventory costing.
Manufacturing and wholesale distribution have come a long way and continue to evolve. Many companies that evolved during the Ford Model T days have stayed successful and so can you in today’s day and age.
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A MANUFACTURER’S PERSPECTIVE…
“I have a great advisor that knows and understands our needs. My advisor is always kind, has great advice and is willing to listen to our company needs. Thank you!”
Printing company – Hays, KS
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Manufacturing Accounting Services
Agreed Upon Procedures, Review and Compilations
Services for providing insight into the accuracy and validity of your manufacturing or wholesale distributor businesses’ accounting and financial information to discover and correct issues, install controls, assist with financial decision making and respond to 3rd party financial information requests.
Learn more about agreed upon procedures and reviews and compilations.
Audits & Attestation
To describe a manufacturer’s financial health, management teams, boards, shareholders and other stakeholders need financial statement audits. This includes the accuracy of its financial statements today as well as tomorrow’s opportunities and challenges.
Learn more about audit and attestation services.
Business Advisory and Consulting
For manufacturing or wholesale distribution businesses seeking guidance in areas such as strategic planning, cost accounting, growth opportunities, business transformations, business valuation or selling, merging or transitioning their businesses in response to new situations.
Learn more about business advisory and consulting services.
Manufacturing Managed IT & Cybersecurity Services
For manufacturers and wholesalers seeking technology support to help streamline and enhance their business operations while securing valuable data from bad actors and cyber threats.
Learn more about manufacturing managed IT services and cybersecurity services.
Outsourced Accounting, Controller & CFO Services for Manufacturers
For manufacturing or wholesale distribution businesses that want to make managing their business easier via outsourcing back-office accounting functions like:
- Payroll
- Manufacturing cost accounting
- Accounts payable and accounts receivable
- Analyzing areas for automation
- Implementing cloud-based solutions
- Training staff on new software and procedures
Learn more about how manufacturing companies use outsourced accounting, outsourced controller and outsourced CFO solutions.
Tax Planning and Compliance for Manufacturers
Tax minimization strategies and tactics at the corporate level with a focus on capturing relevant federal and state incentives, credits and deductions for manufacturing and wholesale distribution businesses.
Learn more about tax planning and compliance for businesses.
Tax Planning and Compliance for Manufacturing Company Owners
Tax minimization strategies and tactics for individual manufacturing company owners and their families with a focus on opportunities available with tax reform. We also help with tax strategies related to manufacturing sales tax compliance, estate planning, succession planning and exiting the business.
Learn more about individual tax planning and compliance.
Tax Credits & Incentives for Manufacturers
When it comes to minimizing your tax burden, the most important tools available to taxpayers are federal and state tax credits, incentives and deductions. These range from research and development credits to the High Performance Incentive Program (HPIP) available to Kansas manufacturers.
Learn more about tax credits & incentives.
Wealth Management
We help manufacturing or wholesale distribution businesses owners and their families develop and implement customized strategies for achieving long-term goals, strengthening your financial security and maintaining your quality of life.
Learn more about personal financial planning services and group benefits and retirement plan services.