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BR Tax Group - Accounting Firm

Manufacturing Accounting Services

Protecting Your Business, Protecting Your Future

Manufacturing businesses face an enormous amount of challenges every day, particularly as more and more organizations expand to establish a global footprint in a world that feels like it's getting larger all the time. At any given moment, they need to concern themselves with issues like capital funding requirements. Labor expenses. Achieving maximum growth. All while also dealing with an industry that is growing increasingly more competitive every single day.

All of this underlines why accounting and financial services are of critical importance for manufacturing organizations, but you also need to be willing to take things one step further. You don't just need a CPA — you need one with the industry-specific expertise, focus and specialization that can help you break free from the mythical one-size-fits-all approach to managing your finances that people want to put on you.

Only by partnering with a manufacturing-specific financial professional will you be able to do more than take control of your finances. You'll be able to gain insight and visibility into resource management, eliminating waste and preserving your already thin profit margins. You'll be able to partner with someone who understands important topics like quality control and the continuous technological developments that are breaking new ground in your field. You'll be able to rest easy knowing that the person who is helping to build the stable foundation of your business understands the balance between regulatory factors and cost reductions, and that they're every bit as invested in your overall net profit as you are.

Only financial services geared toward manufacturing professionals in particular will help you deal with issues like:

  • Cost variance analysis

  • Profit and loss statements

  • Cash flow statements

  • Manufacturing tax preparation services

  • Inventory accounting

  • Fixed asset process reports

  • Trial balances

And so much more.

Make no mistake: This is one area where you should not take chances, attempting to do everything yourself. You're an expert in manufacturing, not finances. But luckily, the right professional will be an expert in both — helping to usher in a bold new era for your business before you know it.

To find out more about the importance of manufacturing-specific financial services, please don't delay — contact BR Tax Group at (512) 877-9017 today.

Workcation

“Bernard and his team at BR tax group are top notch. This is my first year using them after switching from a different local CPA and I didn't realize how much tax info I've been missing. His communication is great. The additional information he provides to maximize tax savings is something I didn't get from my previous CPA. Thanks Bernard”

Philip Ivey

Frequently Asked Questions

You can prepare your taxes yourself, especially if your business is simple.

But once you have contractors, employees, business loans, equipment purchases, mileage, mixed expenses, or growing revenue, things get more complex. At that point, tax preparation becomes a way to make sure your business is reported correctly, your deductions are handled properly, and your records can support what you file.

Send anything that shows what your business earned, spent, bought, paid, borrowed, or changed during the year.

That usually means your income records, bank statements, credit card statements, payroll reports, contractor payments, loan documents, mileage records, and prior-year tax return. Also tell me about anything unusual, such as buying a vehicle, hiring someone, opening a new location, or taking out a business loan.

Messy books can slow things down. If expenses are in the wrong categories, transactions are missing, or personal and business spending are mixed together, your tax return may not show the right profit. We may need to clean things up before filing, so your return is accurate and easier to support.

Possibly, if it was truly for your business and you have proof.

Still, it is much better to avoid this when you can. A separate business bank account and business credit card make everything cleaner. They save time, reduce confusion, and make your records much easier to defend if anyone ever asks questions.

Most small business owners can deduct ordinary business expenses like software, advertising, supplies, insurance, rent, payroll, contractor payments, professional fees, travel, and some vehicle costs.

The question I usually ask is simple. Was this expense clearly for the business? If yes, we can look at how it should be handled. Personal expenses should stay personal.

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