Manufacturing, Wholesale & Distribution

Manufacturing, wholesale, and distribution industry resources to help you reach your financial, operational, and performance goals.

Managing your business in order to compete successfully in domestic and global markets can be challenging. From supply chain disruption, sustainability practices, and labor shortages to regulatory compliance and tax liabilities, manufacturers and distributors need to strategically navigate many obstacles to expand growth opportunities and minimize risk. FORVIS can help. Whether you’re looking to manage costs and day-to-day core process challenges or explore capital planning options, our experienced professionals can offer tailored services to help you manage challenges and build on your success.

We aim to stay ahead of current and upcoming trends through our ongoing involvement in industry and trade associations. Our professionals actively serve as participants, exhibitors, speakers, and sponsors in state, regional, and national associations. National Industry Leader Matt Wood is a The National Association of Manufacturers (NAM) board member, allowing FORVIS to interact with manufacturers throughout the U.S., as well as receive insight directly from the NAM.

Learn more about our accounting and consulting services below and let us know how we can help shoulder the load.

Assurance

FORVIS can provide manufacturers and wholesale distribution companies with a wide range of assurance services. We utilize a risk-based approach to understand your business, including strategies and processes, to assess the key risk areas that threaten the accuracy of your financial statements and progress toward your business objectives. We can attest to the accuracy and completeness of your data to help protect your name and give your strategic planning a solid foundation. Assurance services include:

Audits, Assessments, & Compilations
Attest & Agreed-Upon Procedures
Employee Benefit Plan Audits
Inventory Costing Analysis & Control Studies
Lease Implementation & Accounting
Outsourced Accounting Services
Internal Auditing & Internal Controls
International Financial Reporting Standards
SOC Reports

Tax

Tax planning can be complex for companies with tax liabilities at the local, state, federal, and global levels. We can work with you to help mitigate tax liability, maintain compliance, take advantage of emerging opportunities, and enhance cash flow. Our transfer pricing resources are particularly useful for companies who do business around the world, working with customers and suppliers outside of the United States. Our tax pros can assist with:

Tax Return Preparation (Federal, State, Local, & International)
Cash Tax Planning
Multistate Planning & Nexus Studies
Sales & Use Tax Consulting & Compliance
Research & Development Studies
Tax Provision Preparation & Consulting
Accounting Method Assessments
Cost Segregation Studies
Tangible Property Repair Regulation Studies
Employee Stock Ownership Plan (ESOP)
Incentives & Credits Planning
New Markets Tax Credit (NMTC) Services
International Tax

Advisory

FORVIS can help you improve quality and safety, control costs for more competitive pricing, plan investments in new plants and information technology, and more.

We can provide advisory services to help guide strategic acquisitions, mergers, or divestiture. The rise of lean manufacturing has driven substantial process improvement in manufacturing, but the challenge of quantifying improvement in key performance indicators requires experience and insight. We know how to read and interpret data, to help you improve quality and safety, control costs for more competitive pricing, and reduce lead times. Our professionals can assist with:

Benchmarking, Forecasts, & Trend Analysis
Environmental, Social, & Governance (ESG) Consulting Services
Transaction Advisory Services
Buy- & Sell-Side Due Diligence
Forensics & Valuation Services
Mergers & Acquisitions
Risk Assessments
Enterprise Risk Management
Cybersecurity
Inventory Accounting
IT Security & Software Consulting
Succession Planning

Our professionals at FORVIS have a deep understanding of your industry, and we can offer a variety services and experience to help you plan for the future. We can provide assistance with: