Staying profitable requires more than the ability to turn inventory into cash. It is critical that manufacturers and distributors explore innovative ways to reduce costs, increase profit margins, and improve operating efficiency.
To meet these challenges head on, manufacturers and distributors should round out their financial team with a CPA firm they can trust with the tough decisions. Wright Ford Young & Co. focuses on growth-oriented manufacturing and distribution companies by providing services such as:
- Overseas business transactions
- Business structure and entity choice
- Tax minimization and credit strategies
- Tax compliance
- Financial reporting
- Business consulting
- Mergers and acquisitions planning
- Succession and estate planning
- Multistate tax issues
- Research and development credits
- Foreign taxes
Manufacturers and distributors are often involved in the global marketplace. Many of our clients have created manufacturing subsidiaries in some of the leading low-cost markets of the world, such as China and Mexico; others import goods from other countries. To assist in tax minimization and compliance in the burgeoning global marketplace, it is important to have a CPA with a strong knowledge of international tax treaties. We offer international tax expertise, and we also consult and work with resident tax professionals in other countries through our association with MGI, one of the largest associations of accounting firms in the world.