DHG | Manufacturing & Distribution

Strategic advisory services for continuous improvement and sustainable growth

As the U.S. economy moves from recovery into expansion, manufacturers must be ready to meet increased demand. The ability to compete successfully in domestic and global markets will require innovative products, ongoing investments in people and training. As today’s business world continues to evolve at a rapid pace, the DHG Manufacturing & Distribution professionals seek to remain ahead of current and oncoming trends so that we may best help our clients find the right solutions. Armed with experience serving manufacturers and distributors of all sizes, we understand the issues inherent to your industry, including:

Lean operations that deliver higher quality with shorter lead times and less waste
Large R&D spending
Dependence on consumer spending
Heightened government regulation
Technological advancements
Necessity to outsource resources
Improving energy use
Supply chain management
Eco-friendly manufacturing practices
Globalization of manufacturing

Adding value where it counts.

DHG accountants and advisors look deep into your operations, developing a better understanding of where you are for more informed guidance. We validate internal controls, cost management and financial reporting, while evaluating the return on your investments in process engineering and production.

DHG’s Manufacturing & Distribution professionals seek to identify areas upon which you can improve your efficiencies and operating effectiveness. Our resourceful industry and service line professionals collaborate with each other and work side by side with you to hone in on your organization, current operations, industry trends as well as your specific business needs. We work with many sectors and niches within the manufacturing and distribution realm and offer an extensive suite of Assurance, Tax and Advisory services which we tailor to accommodate your industry- and business-specific requirements.

Services

When you work with DHG, one partner manages your relationship. This partner works closely with you, your senior management and board, giving you the continuity, accountability and responsiveness your company needs, while deploying the right resources in a timely manner.

Assurance

Your relationship with your creditors rests on the quality of your financial reporting. We can attest to the accuracy and completeness of your data, to protect your brand and give your strategic planning a solid foundation. Our assurance services include:

Agreed-upon procedures
Audit, Reviews & Compilations
Employee Benefit Plan Audits
IFRS Reporting
Internal Audit (COSO 2013, SOX and internal controls documentation and compliance)
Inventory costing analysis and control studies

We take a best practices approach to audits, validating internal processes and controls to help create a path for the client to move forward with confidence. Our focus on your operations helps your company maintain its focus on customer relationships and new product and market development.

Tax

Tax planning can be complex for companies with tax liabilities at the local, state, federal and global levels. We work with you to mitigate tax liability, maintain compliance and maximize cash flow. Our tax and accounting services include:

Tax Return Preparation (federal, state, local and international)
Multi-state Planning and Nexus Studies
Multinational Inbound and Outbound Tax Planning
Sales and Use Tax Consulting and Compliance
Tax Provision Preparation and Consulting
Accounting Method Reviews
Cost Segregation Studies
Research and Development Studies
Tangible Property Repair Regulation Studies
Transfer Pricing
Incentives and Credits Planning
Coordination of Foreign Country Compliance and Reporting

DHG's experience with tax and accounting for a range of manufacturers helps you plan while taking full advantage of emerging opportunities. Our transfer pricing resources are particularly useful for companies who do business around the world, working with customers and suppliers outside of the U.S.

Advisory

We have the strategic and operational insights your company needs to grow and compete in new markets. DHG professionals understand the challenges of your business and industry, so we can help you invest in growth while linking continuous improvement in operations to your P&L.

The rise of Lean manufacturing has driven substantial process improvement in manufacturing, but the challenge of quantifying improvement in key performance indicators requires experience and insight. We know how to read and interpret data, to help you improve quality and safety, control costs for more competitive pricing and reduce lead times.

Benchmarking, forecasts and trend analysis
Business valuations
Buy- and sell-side due diligence
Enterprise Risk Management
Forensic accounting & litigation consulting
Inventory accounting
IT security & software consulting
Mergers & Acquisitions
Risk Assessments
Transaction Advisory Services

DHG has the advisory services to guide strategic acquisitions, mergers or divestiture. We can help you plan new product introductions, new market entry and investments in new plants and information technology.

We also draw on our experience with high net worth individuals to make sure your company’s ownership and management have the appropriate tax and estate planning resources. We have the resources you need to protect your wealth and provide continuity for the next generation of company ownership and management.

Experience

DHG has been devoted to providing professional services to clients across the Manufacturing & Distribution space since the firm’s inception. With a client footprint that spans more than 35 states, our Manufacturing & Distribution team serves as one of DHG’s largest core industry groups.

DHG works with a wide variety of manufacturers including:

Aerospace
Apparel
Automotive
Defense
Food & beverage
Furniture
High tech
Metals
Packaging
Plastics

Our experience ranges from low-volume/high-mix custom and job shop operations, through batch process and assembly plants to high-volume/low-mix operations. We work closely with these clients to drive steady operational improvement and a better return on strategic planning.

DHG professionals also maintain a robust presence in industry and trade associations at the national, state and local level. This ongoing involvement gives us a best-practices mindset plus a long-term view of industry trends and pending legislative and regulatory activity.

Knowledge Share

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FASB Proposes Staggered Effective Dates for Major Accounting Standards

On July 17, the Financial Accounting Standards Board (FASB) met to reconsider its philosophy on establishing effective dates for major projects for private companies, not-for-profit organizations and smaller public companies, as well as to discuss the amendment of certain upcoming effective dates for existing major standards that are not yet effective.

Wayfair and the Impact on Manufacturers and Distributors

With the vast changes in sales tax requirements among states due to the impact of Wayfair, manufacturers should consider how this will apply to them. The summary below discusses how this could impact businesses throughout the U.S. Some of the issues most applicable to the manufacturing industry include:

Final Regulations and Guidance Released Regarding New QBI Deduction

On January 19, 2019, the U.S. Department of Treasury and the Internal Revenue Service (IRS) released final regulations and related guidance regarding the Section 199A pass-through deduction, or the ne

Webinar Recordings

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Top Issues Affecting Private Companies

Join DHG Assurance, Tax & Advisory professionals on January 9th as we discuss top issues affecting private companies. We’ll facilitate an interactive conversation to discuss the impacts of recently released guidance from FASB and the IRS.

Wayfair – The Impact on Manufacturers

The recent South Dakota vs Wayfair ruling will leave companies with a greater sales tax compliance burden and can impact both sales and purchases.

The New Revenue Recognition Standard - Getting to the Bottom of the Top Line

When the IASB and FASB first published their new joint standards on revenue recognition, the effective dates seemed in the distant future. These rules will soon impact your business and you can't afford to wait.

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