The challenges and opportunities in the manufacturing and distribution industry are greater today than they’ve ever been, due to advancements in technology and the growth of imported goods. Whether competing against giant domestic companies or producers that can take advantage of low foreign labor costs, entrepreneurs of all sizes must be able to rely on a CPA firm that knows how to maximize profits and minimize its tax burden. RLA brings real-world knowledge to bear for the issues facing the manufacturing and distribution industry today, including greater competition from new sources, the need for efficient production and processes, inventory constraints, volatile energy costs, and operations and inventory management.
We work with clients to manage multistate and foreign taxes and apply foreign tax credits and government subsidies and incentives to lower market expansion costs. We assist with R&D tax credits so clients can bring new products to market in a more cost effective way while staying competitive. In addition, our team has industry-specific knowledge such as understanding cost variances and internal controls as they relate to inventory flow and merchandise sales, identifying potential risks of fraud in a manufacturing environment, and product line profitability analysis. Our overall objective is to help enhance our manufacturing clients’ growth and profitability through value-added, industry-specific advice.