Make no mistake, U.S. companies operate as part of a global economy and are forced to manage their supply chain in an efficient, cost-effective manner and get their product into the hands of the consumer. Behind the scenes, however, it’s a complex series of transactions and relationships.
We live in a world that is driven by the “Big Three” staples of the supply chain: manufacturing, distribution and logistics. Each sector requires innovation and investment to create efficient and cost-effective options. Withum’s Manufacturing, Distribution and Logistics Services Team shows companies how to embrace cognitive technologies and artificial intelligence to save time and money, increasing operations efficiency. Whether you’re a domestic multi-national manufacturer, large wholesale distributor, logistics/fulfillment company or a start-up looking to explore new markets and opportunities, our team is here to help. Offering sage advice on accounting for manufacturing, cross border transactions and assistance in navigating changes in our tax laws and customs regulations, Withum will provide you with the necessary tools to expand your business.
Manufacturing, Distribution + Logistics Accounting, Tax + Advisory Services
Accounting and Auditing Services
- Audit
- Accounting Advisory Consulting
- Adoption of New GAAP/IFRS Standards
- ERISA
- Supply Chain Compliance and Enforcement
- Internal Audit Services
Tax Services
- Accounting Method Studies
- Cost Segregation Study
- Cross Border Transactions
- Implementation of New Tax Legislation
- IC-DISC Implementation and Compliance
- R&D Tax Credit Assessments
- Tax Planning and Compliance
- Global Transfer Pricing
- UNICAP Inventory Planning
- State and Local Tax Studies and Assessments
- Wayfair Sales Tax Planning
Advisory Services
- Business Process Services
- Captive Insurance Planning & Structuring
- Cyber and Information Security Services
- Distribution Efficiency Studies
- ERP Consulting
- Forensic and Valuation Services
- Insurance Coverage Assessment
- International Desks
- International Services
- Inventory Management
- Management Consulting
- Manufacturing Dashboards and Data Management
- Oracle NetSuite for Manufacturing, Distribution & Logistics
- Outsourced Accounting Systems and Services (OASyS)
- Technology Platforms
- Transaction Advisory Services – M&A / Due Diligence
Manufacturing Industry Challenges and Trends
Ensure your operations are predictable, agile, sustainable and secure. Implementing modern digital supply chain management solutions helps achieve these goals to boost profitability and growth. We can help you modernize your critical business applications, from inventory management to infrastructure.
Securing your business applications and core IT infrastructure has never been more important. We offer comprehensive cyber and information security services that identify, protect, detect, respond and recover – keeping your vulnerable company data safe and secure.
The new rule for the future: anything that can be connected, will be connected. “Smart” factories can use sensors and micro-processors to track anomalies and disruptions from a tablet. Imagine the power of having data reports at your fingertips with a click of a button? Let your consultants show you how.
IoT in manufacturing is about making sense of the massive amounts of data flowing from machines, business applications and devices scattered around your company. We’ll show you how to connect, secure and analyze your systems’ information using Artificial Intelligence and Machine Learning.
Innovation matters and companies that embrace it will have tax incentives waiting for them. Investing in your business can provide new revenue streams to help achieve your goals. Utilizing research and development tax credits is one way to get you there.
Maintain the integrity of contractual arrangements within your supply chain alliances and collaborative efforts while protecting your business’ brand name. Ensure stakeholder compliance with the terms of agreements with manufacturers, distributors and retainers using procedures tailored to your unique situation.
Any sizable expansion of your physical plant and investment in capital expenditures merits a review to a favorable tax position. Our Cost Segregation Team will evaluate whether such costs can be expensed immediately or depreciated over a shorter life on your tax return.
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
Client Testimonials
Located in Garfield, NJ, Brimar Industries and Signs of Security (a division of Brimar Industries) typically produce and distribute safety signs and pipe markers. Brimar came up with the idea to utilize Brimar’s facility and supplies to help the medical community, in this case by producing facial shields. They were able to utilize the resources they already had in stock, as well as their relationships with suppliers to produce 200 face shields a day, donating hundreds of masks to four different hospitals and health centers.
Brimar Industries, Inc.
Peabody, MA-based Prattville Machine & Tool Company typically manufactures components for the defense, medical and semiconductor sectors. Working with a Harvard University and Boston Children's Hospital, they have pivoted to develop alternatives to the N95 mask, implementing out of the box concepts and utilizing their 3D printing capacity to produce components that allow standard anesthesia masks to be used in place of N95 respirators.
Prattville Machine & Tool Company
New York-based Urban Electic Power, Inc. (UEP) realized they could shift production to meet the demand for hand sanitizers and battery power packs for ventilators. UEP's existing vision to provide affordable power to everyone using earth-abundant and safe materials enabled them to fill a need for power in a new way to keep society safe.
Urban Electric Power, Inc.
Leadership
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