Manufacturing

Manufacturing & Distribution Services
Soren McAdam Christenson LLP Certified Public Accountants and Business Advisors Manufacturing and Distribution Specialties Soren McAdam Christenson has additional capabilities that our clients have found valuable. Our banking and investment banking relationships allow us to help clients obtain capital for growth and expansion, and our
experience in mergers and acquisitions provides companies the ability to evaluate transactions to maximize value. Other capabilities include:

• FIFO or LIFO inventory valuation methods
• Temporary controller or CFO function
• Internal control review and process improvement
• Business valuations
• Forensic accounting and litigation support
• Employee benefit services, including membership in the AICPA’s Employee Benefit Plan Audit Quality Center for CPA firms
• Accounting services
Traditional Accounting and Financial Reporting
With decades of experience, SMC has built a strong and well-respected reputation for providing quality auditing and accounting services to our clients. We use our experience to consistently develop efficient and cost-effective approaches to auditing, reviewing, or compiling the financial statements of our manufacturing and distribution clients. We stay abreast of the latest accounting literature to keep clients informed, throughout the year, of financial impacts. Identifying issues early in the process provides our clients time to work with their bankers and other service providers, to mitigate problems well before a crisis situation develops.

Taxation
Complying with the tax laws and identifying simple tax planning strategies requires a special knowledge of the tax issues facing manufacturers and distributors today. To help manufacturers and distributors retain needed capital for their operations through tax savings takes years of experience, plus a creative and aggressive approach. Some areas of expertise our clients have found valuable include:

• Cost segregation and transfer pricing
• Estate and succession planning
• Coordination of personal and business tax planning
• Tax credits including Enterprise Zone and Manufacturers’ investment credit
• Entity selection - C or S corporation, limited liability company, general or limited partnership
• Multi-state income taxes, as well as sales and use tax planning
• Taxpayer representation before the Internal Revenue Service and other taxing agencies

Systems and Procedures
Whether automated or manual, information systems are the structural foundation on which companies run, report and revise. When advising in this arena, SMC's professionals bring more to the table than the typical systems consultant. We not only bring an understanding of manufacturers’ and distributors’ hardware and software needs and their accounting and reporting requirements, we bring a thorough knowledge of the processes and the control environments unique to the industry.