Services We Offer Manufacturing Companies
We work with all types of manufacturers including chemical, machinery, food and beverage, metal fabrication, plastics, electrical equipment, and other niches. Regardless of what you manufacture, DHJJ can handle the finances so that you can focus on the rest of your operations.
Streamlining Accounting for Manufacturing Companies
The manufacturing industry is rife with challenges. Manufacturers routinely face shifting levels of demand, unexpected supply chain disruptions, labor shortages, constantly changing regulations, and countless other hurdles. At the same time, they also have to track inventory, manage production processes, and ensure their growth is scalable.
With so many moving parts, it’s critical to have an accounting team that understands the manufacturing space. The success of your business requires an agile financial professional who can provide strategic thinking and guidance. You need someone who can help you turn challenges into opportunities.
At DHJJ, we specialize in providing efficient accounting solutions for manufacturing companies. We leverage our industry-specific knowledge to help our clients in manufacturing and other related industries overcome challenges and achieve their goals. Whether you require a full suite of services including bookkeeping, tax preparation, and interim CFO services, or simply occasional services such as tax prep or audited financial statements, we have got you covered. To learn more about our offerings, read on or contact us today for a no-obligation consultation.
Benefits of a Manufacturing-Specific CPA
Effective business accounting requires a strong knowledge of the industry, and at DHJJ, we leverage our knowledge and experience of the manufacturing industry to provide our clients with the best level of services possible. A manufacturing-specific CPA looks beyond the numbers. They evaluate your processes and identify your profit drivers. Then, they help you develop business plans and strategies that support sustainable and lasting growth.
A CPA who understands manufacturing can help you anticipate emerging trends and reduce the risks of unexpected surprises. When issues arise, they help you react deftly and plot a path forward. Our accountants are constantly learning about the manufacturing industry, and they use their knowledge to support your operations.
When you work with us, you don’t have to deal with challenges and business decisions on your own. We help you gather the information you need to make decisions, and we can also act as a sounding board. We help our manufacturing clients worry less, while also achieving better results.
At DHJJ, we know that every company is unique. We don’t offer one-size-fits-all services. We work with you to help you craft a financial strategy that aligns with your short and long-term goals. That can include reducing production costs, lowering tax liabilities, increasing value prior to an acquisition, or countless other goals.
Custom Approach to Taxes
When you select DHJJ as your tax preparer, you don’t just get someone who ports numbers into tax prep software. Instead, you get to work with an experienced professional who looks closely at your current and future finances to ensure that you’re optimizing your tax situation.
The accountants at DHJJ don’t just do tax prep. They help our manufacturing clients with tax planning. The tax code is extremely complicated, and unfortunately, when manufacturers work with tax pros who aren’t experienced in this industry, they often miss value manufacturing credits and deductions such as R&D tax credits.
The team at DHJJ ensures that you get all of the deductions and credits you’re entitled to. They also ensure that you have the optimal business structure for your tax situation. When you hire us for tax services, we review past years’ returns, and as needed, we can amend returns to generate additional tax savings.
Customized accounting services meet the unique needs of the manufacturing industry. This includes industry-specific accounting such as cost segregation, inventory valuation, production costing, and revenue recognition. CPAs with manufacturing experience can also provide help with buy or lease analytics, business valuations, credit and financial alternatives, and analysis of internal processes.
Manufacturing accounting goes beyond bookkeeping. It also includes general accounting such as cash flow forecasts, financial statements, and budgetary controls. The right reports allow you to turn your raw numbers into data that help you make wise decisions about your business. Ultimately, our services help you improve processes and boost your bottom line.
Timely & Efficient Audits
Manufacturing firms need audited financial statements when they’re applying for loans, bringing on new investors, going public, or preparing for a merger or acquisition. They also need audits for employee benefit plans. DHJJ provides manufacturing clients with a full range of audit and assurance services including compilations, reviews, and full audits. Our timely and efficient audits give you and other stakeholders confidence that your statements are correct.
Why DHJJ’s Manufacturing CPA Experts
This is an exciting time for the manufacturing industry, but it’s also a time of uncertainty. Dealing with constant challenges and workplace concerns can be exhausting, especially if you’re not sure what is happening with your finances. DHJJ ensures that manufacturers stay on top of their finances, that they understand where their money is going, and that they have the knowledge they need to make effective decisions for their business.
To be successful in this industry, you need a strong accounting team. Whether you need a full range of services or just audited statements and advisory services, DHJJ can help your company rise to the next level. We can provide ongoing services or help with specific projects.
Ready for industry-specific support with your accounting, tax, or audit needs? Then, contact us today. We’ll start with a no-obligation consultation to talk about your needs. Then, we’ll help you find the right services for your manufacturing business.
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