We understand the business and financial concerns of manufacturers and distributors. We have developed a diverse team of specialists with industry-specific knowledge and experience who become an integral part of our clients’ businesses.

Manufacturing & Distribution Team

We provide the information and guidance our clients need to meet today’s demanding economic environment. Our professionals have a sound understanding of manufacturing and distribution practices and provide services, support and strategic thinking to help you succeed.

Somerset’s Manufacturing and Distribution Team provides comprehensive business and financial services. We help clients master and move beyond the fundamentals to seek new and better ways of doing business through technological innovation, process efficiencies, accurate inventory management, cost reduction, effective allocation of resources, effective tax strategies and more. Our industry-focused professionals provide strategies and solutions that are customized for each unique business. They also work with you through implementation of these strategies.

Our commitment to excellence allows us to offer access to resources unparalleled by other CPA firms. Work with the professionals who are passionate about helping their manufacturing and distribution clients succeed.

Assurance Services – Domestic and Foreign Subsidiaries

• Financial statement compilations, reviews and audits
• Performance of agreed-upon audit procedures
• Forensic accounting

Tax Services

• Corporate tax returns
• Shareholder tax returns
• Individual and corporate tax planning
• Creative tax strategies
• Cost recovery studies to optimize depreciation deduction
• Multi-national and multi-state tax planning and strategy development
• Sales, use, property and excise tax analysis

Business Planning

• Business transition and succession planning
• Estate planning
• Strategic planning

Manufacturing Industry Consulting

• Inventory process
• Operations analysis
• Activity-based costing
• Cost management and budgeting
• Production deduction
• IC/DISC analysis and export incentives
• Benchmarking and analytic review
• Job cost efficiency and profitability
• Overhead analysis
• Budgeting and cash flow analysis
• Bonus and incentive program development
• Business valuation service
• Management advisory services

Information Solutions

• Management information systems consulting
• Manufacturing & distribution specific software sales and consulting

Jeff Roache, Owner, Dealers Wholesale

“We have worked with Somerset a long time. I’m glad we selected them. I attribute a lot of our business success to several team members at Somerset. Somerset has helped us to grow more successfully and helped our family business with an exit strategy for family members between generations.”