Manufacturers today need to stay lean and agile, while maintaining product innovation.
Concannon Miller’s tailored approach can provide fully integrated and strategic consulting, audit and tax services specific to the needs of the manufacturing and distribution industries.
We can provide a 360° review of your business, assessing all areas in concert, and offering a coordinated, holistic approach to proactive planning that includes all stakeholders – you, your children, your family and key employees.
Our specialized manufacturing consulting services along with critical compliance services from tax preparation to auditing and advisory means you can make informed decisions that deliver a return on investment. Whether your concerns are business growth, tax minimization, inventory controls, fraud, financing, buy-sell or international and multistate taxes, we have a vested interest in your goals, objectives, and success.
Tax Services
We know you’re faced with a complex matrix of accounting, tax, and operational issues that affect your bottom line. With Concannon Miller, you can be confident you have a solid plan with appropriate tax deductions that maximize your profitability and reduce your expenses. Concannon Miller’s manufacturing team is skilled at assisting you with comprehensive tax saving strategies, tax credit research, cost segregation studies, sales and use tax optimization, state and local taxes, inventory valuation methods, and more. Tax services we can provide include:
Tax planning and compliance services- Multi-state tax management
- State and local tax incentives
- Sales and use tax strategies
- International tax strategies
- Cost segregation
- Research & Experimentation tax credits (R&D)
- Estate planning
- Tax accounting method changes
- Import/export
- Like-Kind (1031) exchanges
- Inventory valuation methods
- Expatriate Tax Services
Audit & Accounting
We offer accounting and audit services that not only keep you in compliance, but may provide opportunities or exposures that have gone undetected. Our audit and accounting services ensure that your financial statements are always up to industry standards, which can help you receive eligible deductions and financing requests. Audit and accounting services we can provide include:
- Fraud and forensic accounting
- Audited financial statements
- Reviewed financial statements
- Compiled financial statements
- Agreed-upon procedures
- Inventory observations
- Inventory valuation methods – LIFO, FIFO, average, weighted average
- Cost accounting
Advisory & Consulting
Compliance is important, but it’s a rear-facing service. We help companies grow by providing forward-facing advisory services that focus on future results. We can help your company evaluate and implement internal controls, and put policies and procedures in place to help avoid future forensic auditing needs.
Concannon Miller can improve C-Suite results by helping develop budgets, projections, and growth plans, as well as assistance like helping secure bank financing with the ability to touch multiple banks to garner more options. We can build the important relationships necessary to bring a return on your investment. Consulting services we can provide include:
- Lean Six Sigma
- CFO advisory services
- Buy/sell agreements
- Business valuations
- Financial analysis
- Forensic accounting
- Growth strategies
- Strategic planning
- Estate planning
- Succession and exit planning
Industry Experience
Concannon Miller is a proud member of Manufacturing CPAs, a nationwide affiliation of independently-owned accounting firms committed to delivering exceptional financial and consulting services to manufacturing companies.
Membership requires firms to meet stringent standards, a significant portfolio of manufacturing clients and depth and breadth in service offerings. Only 27 firms belong to the group, and Concannon Miller is the only Lehigh Valley member.
Read more about the group and Concannon Miller’s manufacturing advising experience here.
