Knowing what is out there, identifying an appropriate response, and acting quickly is critical to the success of any organization. You need advisors who have their ears to the ground in your industry and who can understand the business and technical accounting issues. As Padgett Stratemann’s largest industry niche, our manufacturing, retail, and distribution (“MRD”) team is your answer to this need. With capabilities in the most critical areas, we offer practical solutions to complex issues through our deep industry knowledge and an understanding of operational processes, technology issues, and regulations.
Our MRD practice consists of 12 partners and over 50 dedicated professionals. We offer the breadth and depth of industry-specific resources to provide value as a member of your team. We serve companies across the spectrum of the industry ranging from apparel, food services, transportation, c-stores, petroleum, and chemical to machinery and metal fabricators.
We believe it is our responsibility to work and serve our community in a way that brings maximum benefit to the industries we serve. We are active in the industry, on both a national and local level, and advocate on behalf of our clients with governmental and regulatory bodies. We hold leadership roles on numerous association boards and committees.
Audit and assurance services play a critical role in a company. These services can help companies gain access to capital, promote growth with vendors and suppliers, as well as provide a level of comfort to the ownership group. Our audit approach is co-developed with you and provides you with teams equipped with the industry knowledge needed to provide an efficient, effective, value-added experience.
Our tax team offers planning strategies to allow you to achieve your business goals. We help identify tax efficient structures and maximize accelerated deductions and income deferral opportunities. We can also be a guide as you invest in your facilities, purchase specialized equipment, and design and develop products — hallmarks of many manufacturers.
In addition to our core audit and tax services, we offer a wide array of consulting services, developed specifically to address the unique needs of owner-managed and closely-held companies. These services allow us to play a complimentary role to your team – including, but not limited to:
- Human resources consulting
- State and local tax consulting
- Research and development tax credit studies
- Real estate cost segregation studies
- Business and strategic planning
- Succession planning
- Buy-sell agreements
- Due diligence procedures for mergers and acquisitions
- Employee benefit plan audits, administration, and consulting
- Operational reviews
- LIFO inventory consulting
- Lease accounting
- Goodwill impairment
- Internal control reviews
- Fraud examination
- Business valuations