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New Report Documents Critical Role of Small and Midsized Manufacturers in Future of U.S. Economy
Our network affiliate RSM McGladrey, sponsored this probing report which concluded that the future of U.S. manufacturing depends primarily on the continued success of small and midsized manufacturers.

Manufacturing Monitor, a quarterly newsletter from Hood & Strong LLP, offers tax tips, news and information pertinent to the manufacturing and distribution industries. 

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National Association of Manufacturers

AMR Research

American Plastics Council


American Production and Inventory Control Society

Center for Inventory Management

National Association of
Wholesaler-Distributors


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Tax Services
Complex tax environments call for comprehensive solutions that consider both the present and the future. That’s what we provide. We look at the big picture, targeting opportunities that will benefit all aspects of your business and scanning the horizon for strategies that will encourage growth.

We provide the following specialized tax services to the manufacturing/distribution industry:

  • State and Local Tax
  • International Tax

In this global economy, manufacturers and distributors see international markets as a window of opportunity. As you expand internationally, there are many tax implications that you may not have thought of. Our international tax specialists can help you with all of your international needs including; tax planning, transfer pricing compliance, structure and organization, U.S. and foreign tax compliance, expatriate tax returns, international and strategic advice and planning and location selection.

 

  • Cost Segregation Studies

You may have an opportunity to defer the payment of federal and state income taxes, on your recent construction, expansion or renovation project, thus increasing cash flows and increasing the return on your investments. We can help you identify these opportunities by performing a cost segregation study. Our cost segregation process is in-depth and non-intrusive and our specialists use an engineering based approach as specified by the IRS.

 

  • Research and Development Tax Credits

Your company may be missing opportunities to take R&D credits. There is often a misconception that these credits are available only for “high tech” companies or developers of ‘breakthrough’ commercial products. This is simply not the case. Whether or not you have a separate R&D department, chances are your company regularly engages in R&D activities. Our professionals can perform an R&D tax credit study to generate the maximum benefits available for your company along with providing the proper supporting documentation.

 

  • Enterprise Zone Tax Credits

The California Trade and Commerce Agency designates specific economically depressed areas as enterprise zones. These zones are created to help stimulate development and hiring in these areas by providing special state tax incentives to businesses that operate within an enterprise zone. A business operating within an enterprise zone does not need to qualify or receive prior approval to take advantage of these special incentives. Our professionals can determine if you qualify for these credits and can assist you with your tax credit planning and filing needs.




 
 
In accordance with Circular 230, information on this website is intended to be used for informational purposes only and should not be acted upon without consulting a professional. Information is not to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service.  No one, without our express prior written permission, may use or refer to any advice on this website for communication in promoting, marketing, or recommending to any other party.