From analyzing the tax and debt covenant effects of changing to LIFO inventory costing, to efficiently guiding you through your state nexus issues, MP leverages our extensive knowledge of the manufacturing industry to provide professional accounting and tax services that ensure your business is as strong as the goods you produce.

Our Certified Public Accountants analyze your operations to determine if your company qualifies for special tax incentives unique to your situation, such as the IC-DISC, which provides manufacturers with an export tax incentive.  Some manufacturers also may qualify to claim the Research and Development Tax Credit (the R&D Tax Credit) associated with costs incurred to enhance or modify product or processes.

We can assist clients who operate on a multi-state level remain compliant with local, state, and federal tax laws.  With our help, your manufacturing business can stay abreast of changes in tax regulations and leverage new opportunities to maximize financial gain.

MP offers a variety of accounting services to manufacturers, in areas including:

• Costing raw materials, work-in-progress, and finished goods
• Inventory controls and obsolescence
• Overhead allocation
• Job costing
• Sales and use tax
• State nexus
• R&D credits
• IC-DISC
• Debt and equity financing
• LIFO vs. FIFO guidance