Manufacturing & Distribution
Operating a successful manufacturing and distribution business today is more complicated than ever and it takes more than ordinary solutions to succeed. At Anchin, we understand the tough issues that you face – issues such as rising labor and production costs, increased competition, shrinking margins and rapidly changing technology. Facility costs can be analyzed, but do little without an understanding of your options. We know the challenges that you’re faced with, from environmental concerns to dealing with lenders.
- Accounting and auditing
- Cash flow projections
- Flash reports
- Gross profit by product lines
- Chargeback analysis
- Manufacturing and financial information
- Systems recommendations
- Mergers and acquisitions
- Cost containment analysis
- Tax planning
- Tax credits and incentives
- Research and Development tax credits
Research and Development
Does your company qualify for Research and Development (R&D) tax credits? Manufacturers perform two-thirds of all private-sector research and development in the nation, driving more innovation than any other sector. Most US manufacturing and distribution companies, even those that produce their products overseas, maintain technical design personnel, materials development and production process teams in the US whose activities may in fact qualify as R&D.
The professionals on Anchin’s manufacturing and distribution R&D team understand the important role the industry plays in keeping the US competitive in an increasingly global economy. Our industry experience, attention to detail and expert judgment result in accurate, highly defendable tax credit calculations. Our dedicated team includes audit, tax and advisory professionals with years of experience identifying issues and solving problems for every type of business within the manufacturing and distribution industry subsectors, including:
- Computer and electronic components
- Consumer products
- Food and beverage
- Furniture and related products
- Industrial machinery and equipment
- Sheet metal and metal products
- Paper and pulp
- Petroleum, coal and related products
- Plastic and rubber
- Textile mills and apparel
- Transportation equipment
- Wood, leather and related products
Our manufacturing and distribution R&D team ensures that our clients benefit from all of the incentives available to them. Anchin helps clients assess their R&D tax credits at all phases of their business, from the time they first consider entering a new market (white space evaluation) and throughout the product lifecycle. We are particularly skilled and experienced at identifying qualifying projects and initiatives in each area of your business and are experts at examining and capturing all allowable expenses towards your company’s research credit.
Anchin works with clients interested in claiming the R&D credit for the first time, and those who have difficulty meeting the contemporaneous documentation requirements needed to support their R&D claim. We also assist clients who have had a significant portion of their R&D claim disallowed, and those who need to reassess their R&D credit calculation because the nature of their business has changed.
We were serviced by a large national accounting firm for many years before we decided to switch to Anchin. Not only was the move painless and the transition seamless, but we didn’t realize what we were missing. The attention to detail of Marc Federbush, Josephine Lau and their team is unmatched, and they are always accessible to us. Not only do they provide us with our accounting and tax needs, but they rapidly have become true business advisors and have acted as a sounding board on a regular basis. Their work is comprehensive, professional and timely. We are extremely pleased knowing that Anchin will always do their best to look after our business and drive it forward. Making the move to Anchin proved to be an excellent decision for our company. ”
Marc, Matt, Carolyn and the Anchin team have been a pleasure to work with, and we consider them to be a part of our management team. Whether it’s business or personal matters, they possess an in-depth knowledge of our industry and the ever-changing tax law and have always been accessible to us throughout the year.”