Working with manufacturers is one of Concannon, Miller & Co.’s core service sectors, and we’ve leveraged our industry-specific tax and accounting knowledge to bolster the financial position of many of our manufacturing clients.
Polykote Corp., a Lehigh Valley-based specialty coating manufacturer, is a recent addition to the firm’s portfolio. They are a classic example of an underserved business for whom we were able to uncover major tax savings that their previous CPA firm had missed, either through inattention or lack of expertise. By uncovering these opportunities, we help clients free-up cash flow that is then available for re-investment and expansion.
“I think it would be beneficial for other manufacturing companies to work with Concannon Miller as they have such a varied and experienced staff in many different areas, and help manufacturing groups explore all the different paths to improve their process and business models,” Polykote President John Guzzo says.
Polykote is in the midst of a major expansion, and we’ve helped them explore the various tax credits and depreciation strategies available to growing companies.
“Concannon has helped introduce us to a variety of state and local government tax incentives and credits, as well as federal R&D tax credits, which I think will allow us to continue to expand,” Guzzo says. “They have a great staff, with very wide knowledge in many different areas.”
Watch more about how Polykote Corp. has leveraged tax strategies geared especially for manufacturers: