MANUFACTURING, DISTRIBUTION AND RETAIL INDUSTRY ACCOUNTING
Berdon delivers its extensive expertise in guiding closely held businesses—the core of our practice since our founding over a century ago—to advising clients in manufacturing, distribution, and retail. In these sectors, success requires overcoming challenges that extend beyond product and production.
Berdon helps manufacturers and distributors:
- Enhance operational efficiency by:
- Setting up controls to monitor inventory, cash flow, sales, and payroll
- Initiating just-in-time and other resource management systems
- Developing operational budgets
-
Reduce the tax bite by structuring our clients businesses to maximize tax benefits while meeting the demands of federal, state, local, and international regulations.
-
Overcome international barriers for inbound and outbound transactions by leveraging the Firm’s international accounting and tax expertise.
Some core industry sub-segments are team specializes in includes:
- Aerospace and Defense
- Apparel and Accessories
- Building Materials and Construction Supply Chain
- Energy and Utilities
- Food and Beverage
- Technology and Life Sciences
- Packaging
OVERCOMING CHALLENGES, ENHANCING PROFITABILITY
For more than 50 years, Berdon professionals have successfully guided clients through the evolutions and revolutions in the retail and manufacturing & distribution industries. Our Firm constantly refines procedures to help ensure profitability, in keeping with the market’s ever-changing landscape.
In this role, Berdon helps our clients:
Improve operations by offering inventive strategies to streamline and upgrade client operations and reduce overall costs. The Firm accomplishes this in a number of ways, including:
- Performing cost/benefit analyses
- Strategizing lease negotiations
- Reducing shrinkage
- Setting wage and benefit policies
- Assisting in obtaining financing
Maximize tax positions by:
- Structuring client businesses to make the most of existing tax benefits
- Minimizing taxes to businesses and owners through effective tax planning
- Examining the tax implications of leasing, as opposed to buying equipment
- Exploring changing IRS rules for independent contractors
COVID-19'S IMPACT ON BUSINESSES – MANUFACTURING, DISTRIBUTION, AND RETAIL
Marcy Greenfield, Co-Leader of Berdon’s Manufacturing, Distribution and Retail Practice sat down with our CMO, Frank Vitale, to examine the effect COVID-19 is having on the industry and provide insight on navigating supply chain issues, identifying new streams of revenue, and more.
View video.