One of the firms specialties is providing professional accounting and tax services to wholesale and distribution businesses, including evaluating state nexus issues, revenue recognition, and LIFO (Last-In, First-Out) inventory costing.
Our Certified Public Accountants analyze your operations to determine if your company qualifies for special tax benefits unique to your situation, such as use of LIFO inventory costing. MP also provides assistance related to financial decisions that wholesalers and distributors face every day, such as the acquisition versus leasing of commercial trucking fleets and sales person commission structure development.
With our help, your wholesale and distribution business can remain in compliance with ever-changing tax laws, maintain efficient accounting practices, and identify new ways to boost your bottom line.
MP offers a variety of accounting services to wholesalers and distributors, in areas including:
- Inventory controls
- Inventory costing and obsolescence
- Overhead allocation
- Sales and use tax
- State nexus tax planning
- IC-DISC
- Debt and equity financing
- LIFO vs. FIFO inventory costing
- Commercial fleet acquisition (lease vs. purchase)