Accounting for Manufacturing & Distribution
Manufacturers and distributors operate in a fiercely competitive environment globally and in their own backyard. Whether it’s price pressures from outsourcing, mounting environmental demands or changing trade policy, manufacturing leaders need a trusted business advisor by their side.
Daszkal Bolton’s professionals understand the business of manufacturing and issues relating to supply chain management processes; federal law such as Suspicious Activity Report (SAR) and their impact on inventory cost analysis and; Generally Accepted Accounting Principles (GAAP) including changes in and implementation of lease accounting rules and changes in and accounting for revenue recognition. With over 25 years of experience in the manufacturing and distribution sector, Daszkal Bolton creates operational efficiencies, improves business systems, and minimizes financial risks to improve your profitability.
Industry Involvement & Leadership
Daszkal Bolton stays connected to manufacturing business leaders and current on industry trends through engagement with the region’s most influential industry organization, the South Florida Manufacturers Association (SFMA). Firm Partner and Tax Services leader, Teri M. Kaye, CPA has served as SFMA Treasurer since 2013 and the firm has been a corporate sponsor for over a decade. The firm shares its expertise with SFMA members through speaking engagements, webinars and educational articles and participates with SFMA members on charitable endeavors.
Daszkal Bolton works with businesses, large and small, from middle-market companies serving local markets to large-scale entities with multiple locations serving customers worldwide on issues such as:
- Financial statement reports
- State and local tax consulting (impact of Wayfair)
- Compensation and bonus structures
- 401(k) audits
- Assistance in obtaining working capital and infrastructure loans
- Identifying R&D credit opportunities for tax savings
- Identifying capital Improvement and equipment tax savings (Cost Segregation Study, Bonus Depreciation, Section 179 Immediate Expensing)
- Employment tax credits
- Cash flow management/forecasting
- Corporate tax planning and compliance
- Cost Accounting and Product Costing Analysis
- Succession and exit planning
- Merger and acquisition consulting
For manufacturers and distributors navigating global markets, Daszkal Bolton’s professionals can assist with analysis of costs, benefits and compliance with “domestic international sales corporation (“DISC”) in the form of an interest charge DISC (“IC-DISC”)”. IC-DISC helps clients avoid traps and benefit from opportunities relating to Global Intangible Low-Taxed Income (GILTI) and Foreign-Derived Intangible Income (FDII). Other services include:
- International tax planning and management
- In-bound and out-bound structuring
- Foreign entity formation
- Folding company structuring
- Foreign intellectual property planning
- Supply chain strategy
- Tax minimization
Effective financial professionals seamlessly integrate accounting services into your business strategy. You can count on us to partner with you and your team to develop a comprehensive accounting action plan based on your unique needs, the industry’s best practices, and our proven ingenuity. We will help you capitalize on opportunities and equip you to handle issues that may arise. Together, we will design and implement accounting systems to maximize your resources and minimize your risk to reap your well-deserved financial reward.