Manufacturing

Running a business requires you to wear many, many hats. We understand the demands and challenges that manufacturers face. Building a superior product while controlling costs, keeping pace with technology and surviving in a competitive environment is hard work.

We work with our clients in manufacturing and distribution providing them with the right financial and advisory insights to help optimize processes, performance and profitability. We can assist you to reach your goals and dreams.

Manufacturing Industry Services:

Financial statements: audits, review, compilations and agreed upon procedures
Financial forecasts and projections
Internal control attest and assurance procedures
Business plan development
Cost management analysis
Mergers and acquisitions
Performance measurement
Employee benefit services
Evaluation of internal controls
Assistance in compliance with regulatory agencies
Bookkeeping assistance in accordance with GAAP
Succession planning
Tax planning and consulting
Asset (inventory, plant and equipment management)
Strategic planning and management advisory services
Research and development tax credits

Client Success

One of our clients manufactures various types of unique plastic containers. They engaged with us to compile financial statements to be used by their banker. They also expressed a goal to eventually build their own manufacturing facility in Washington State. Our client had existing real estate investments, and needed advice on minimizing their tax liability involving that real estate as well as their main manufacturing business.

Solution:

We worked to improve our client’s financial information and how it was organized and presented which naturally strengthened their relationship with their banker. We also immediately identified that our client could realize substantial tax savings by performing a cost segregation study on their newly built manufacturing facility. In addition, their manufacturing activity qualified for federal research and development tax credits. Over a two year period, we helped our client realize hundreds of thousands of dollars in accelerated depreciation deductions and substantial federal research and development credits. They were able to effectively use these funds to increase working capital in their business and achieve their goal of building their own manufacturing facility.

In their words:

“Barrett and Company are experts in manufacturing and real estate industries and are a strategic and trustworthy partner. We’ve saved a lot of tax dollars because of their tax expertise which we have been able to reinvest into a new manufacturing facility and working capital for the Company.”

Helen D

Development and tracking key performance indicators

You need someone you can call and get expert advice without being billed for every little thing along the way. Call us today at 360.210.5100 and let’s talk about your manufacturing business and how we can help you achieve your financial goals.

4910 NW Camas Meadows Drive, Suite 100 | Camas, WA 98607 360.210.5100 | 503.253.5902

Barrett & Co provides custom CPA services, tax planning and business advisory services to Clark County and the Greater Portland Metropolitan area.