Manufacturing Companies

Addressing unique accounting challenges.

Manufacturers face a number of financial and accounting challenges that are unique to the manufacturing industry. Here at O’Brien and Panchuk, we have helped manufacturers manage these challenges effectively.

For most manufacturers, success is all about managing processes. Consistency and quality control are essential for maintaining high levels of efficiency and profitability. Manufacturers need to pay close attention to product costs and understand fixed vs. variable cost drivers since these directly affect gross margins.

Manufacturers also should take full advantage of various tax credits and deductions available to them. These include  research and development tax credit, federal and state new employment tax credits, and Enterprise Zone tax credits, which can reduce the effective state income tax rate to zero.

Manufacturers also must deal with sales tax compliance and audits, while those with multi-state operations need to understand the concept of nexus as it relates to state tax payment obligations. Our experience in these areas, along with proper systems and record keeping, will help manufacturers meet these challenges while reducing the stress and anxiety typically associated with tax audits.

We can also provide a review of manufacturing company processes to ensure that operations are running as efficiently as possible. We will obtain industry benchmarks based on NAICS or SIC codes and compare a company’s performance to these metrics. Periodic evaluations can then be performed based on these best-practice performance metrics.
Schedule A Consultation

Let us help you with your Manufacturing Co. Accounting

We’re a progressive Tax CPA firm that focuses on each on our clients’ needs and circumstances to provide tailored services and solutions that address their situation. It’s not the “one size fits” all approach that you find at the big box store—it’s a calculated and measured process to ensure that the result is only the very best.

“Great work follows great fit. We  promise our clients award‑winning and  strategically designed experiences for a  digitally driven world.”

Israel morris | business OWNER

In 2007 I started a non profit 501c3 corporation to promote arts programs in public elementary schools. I was in need of a reliable professional accountant that could help me through the process of implementing a strong and well planned accounting program. Max Panchuk was recommended and his support, skill, and dedication has been more than I ever expected.

Steve Petersen, CEO | Steve Petersen Productions, Inc. 501c3

“Great work follows great fit. We  promise our clients award‑winning and  strategically designed experiences for a  digitally driven world.”

Thomas Doe | business OWNER
Call us: (760) 424-2246