You make it or warehouse it or ship it. You need a CPA firm that understands both this interconnected triangle and your need to produce profitably, to store and distribute economically, and to deliver effectively.
Wegmann Dazet CPAs provides our manufacturing and distributing clients with specialized services to help optimize operations, improve strategic tax planning, enhance financial performance, and ensure compliance, all to foster growth.
You deal with intricate supply chains, production processes, and inventory valuation methods. We assist with cost structures, multi-state tax issues, pricing strategies, and inventory control techniques, facilitating your efficient resource allocation and ensuring profitability.
The specific ways we aid manufacturers and distributors include:
- Analyze and audit financial statements: By examining financial records and transactions, we offer insights into the financial health of your business and ensure accuracy in reporting.
- Devise tax strategies that maximize savings and reduce tax liability: Identify eligible tax credits, deductions, and incentives to free up resources for further investment.
- Provide financial and process guidance. Monitor and track inventory management, cost analysis, cash flow, and budgeting.
- Assist with compliance with industry-specific regulations and standards: Assist with the CHIP Act and the Uyghur Forced Labor Prevention Act (UFLPA), for example.
- Design and implement robust internal control systems. This mitigates risks related to fraud, inventory shrinkage, and financial mismanagement.
- Ensure accuracy in reporting. This not only aids in making informed business decisions but also instills confidence among stakeholders, such as investors, lenders, and customers.
- Preparation of multi-state nexus studies. We will evaluate the way you do business and advise on any additional filing requirements for income, franchise and/or sales tax.
- Provide inventory calculations. What is the value of scrap material that can be discounted?, for example.
You can rely on us to be your trusted advisor, enabling you the manufacturer, distributor, or logistician to thrive in your competitive landscape while maintaining financial integrity and transparency.
Because we look at these interwoven sectors as a whole and can bring you the knowledge to guide you to profitability, why not call us today?
