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MANUFACTURING & DISTRIBUTION

The manufacturing industry is enjoying a season of record optimism Nationwide. Nevada’s rapidly expanding manufacturing sector has seen an upward growth trend for the past 10 years. With $6.7 billion in goods produced in 2017, there can be no doubt that manufacturing is important for Nevada.

Many of FAL’s manufacturing clients are planning for expansion and we’re helping to forecast and strategize incremental and sustainable growth. As one of Nevada’s leading manufacturing accounting firms, our manufacturing practice area helps clients structure their business activities to capitalize on tax opportunities. We also collaborate with our clients to help implement accounting systems and procedures that record timely and accurate data from which owners can make day-to-day decisions that lay the groundwork for long-term growth.  ​​

MANUFACTURING SEGMENTS SERVED

  • Food and Beverage

  • Healthcare and Wellness

  • Aerospace

  • Fabrication

  • And more

TAX PREPARATION & PLANNING

  • Year-around tax planning to reduce and/or defer taxes

  • Tax exemption, deduction and credit studies: utility, R&D, cost segregation, etc. 

  • Reverse sales tax audits to identify tax refund opportunities

OPERATIONAL ADVISEMENT

  • Cash-flow review and management

  • Inventory audit procedures and data management

  • Product and inventory costing and valuation

  • Review of purchasing and quality control

  • Enterprise-wide risk assessment 

  • Analysis on manufactured cost of items

  • Expansion planning and financial modeling

  • Forecasting

  • KPI competitive benchmarking 

  • Financing assistance 

  • Operational restructuring

MANUFACTURING ACCOUNTING, AUDIT & ASSURANCE 

  • Financial statement audits, reviews and compilations

  • Advisement and/or implementation on cost accounting systems

  • Advisement and/or integration of GAAP and International Financial Reporting Standards (IFRS)

  • Review of financial reporting systems 

  • Internal control evaluation and analysis

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© 2019 by Fair Anderson & Langerman