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:
- Transaction Advisory
- Environmental, Social, & Governance (ESG)
- Research & Development Tax Credits
- Cost Segregation Studies
- FDII/IC-DISC
- Lease Accounting
- CFO & Business Advisory
- Corporate Finance & ESOPs
- Cybersecurity
- Executive Search
Featured FORsights
Qualifying Advanced Energy Project Credit Round 1 to Begin May 31, 2023
Round 1 for allocation of an additional $10 billion in investment tax credits for qualifying advanced energy projects starts May 31. Read…
Guidance Issued on the CHIPS Act Manufacturing Investment Credit
The IRS and Treasury issued proposed regulations providing guidance to taxpayers on the CHIPS Act Manufacturing Investment Credit. Read on…
Reshoring: The Next Big U.S. Manufacturing Renaissance—Or Not?
Events of the past few years, including trade barriers, are forcing American companies to rethink where they need to manufacture. Read on…
NIST 800-171 Revision 3 Draft Has Significant Changes for Government Contractors
A new draft of Revision 3 for SP 800-171 will require organizations to consider modifications to their CUI protection programs. Read on for…
Latest Guidance on New Clean Vehicle Credit Requirements
New guidance was issued on the critical minerals and battery components requirements for the New Clean Vehicle Credit, published on April…
Normalizing Inflation in M&A Transactions & Considerations for Financial Due Diligence
Buyers and sellers should evaluate how inflation affects earnings and working capital, including how to normalize operating results. Read…
Trusted Advisor
FORVIS’ Manufacturing team can provide solution-driven services to help you drive growth and make informed decisions.
