Manufacturing
Operating a successful manufacturing business means conquering today's most challenging conditions. Due to globalization, downward pricing pressures, rapidly changing technology, and stringent regulatory guidelines, sustaining operations and remaining profitable in the manufacturing sector is becoming increasingly difficult for companies. Manufacturing in the U.S. represents approximately 11% of the U.S. GDP and the U.S. is the world's largest manufacturing economy. You need a CPA firm that comprehends not only the financial aspects of manufacturing, but your operations, supply chain management, cost systems, and financing options. At RDF, we understand your industry, its key metrics, and challenges, while investing the time to fully learn the nuances of your business.
Manufacturing operations are both capital intensive and labor intensive, in addition to involving research and development activities. As such, tax planning is critical to maximizing the most favorable tax strategies available to the manufacturing enterprise. Tax planning for your manufacturing company investing in many facets from the form of your entity (LLC, "S" corporation, "C" corporation, partnership) inventory cost methods, international transfer pricing, tax credits and depreciation elections. Whether the implementation of LIFO inventory accounting method (used by a significant amount of small and medium-sized manufacturers), maximizing your election under §179 to expense equipment purchases or bonus depreciation, taking advantage of the research and development tax credit, new jobs credit analysis or the pricing of product between two taxing jurisdictions - transfer pricing, there are numerous tax elections and analysis that must be performed to ensure that you are taking advantage of all the tax benefits available to you.
Explore the full range of services we have available to manufacturers to control costs, maximize profitability, and manage your tax liability.
Types of Clients:
- Aerospace
- Textile & apparel
- Metal fabrication & finishing
- Home improvement products
- Telecommunications equipment
- Food processing
- Electrical assemblies
- Corrugated packaging
- Nutritional supplements
- Store fixtures
- Multimedia & digital electronic components
Useful Links:
California Manufacturers and Technology Association
National Association of Manufacturers
Aerospace Industries Association
American Apparel and Footwear Association
International Textile Manufacturers Federation
American Iron and Steel Institute
American Composites Manufacturers Association
American Home Furnishings Alliance