Manufacturing
Together, we can build on our shared experience.
When manufacturers seek out experience and quality for their tax, audit and general business consulting services, they find GBQ at the top of their list. Not only do we conduct independent audits and reviews for over 70 manufacturing and distribution companies in Ohio; but also we proudly serve one of the strongest manufacturing and distribution client lists of any Non Big 4 accounting firm in Central Ohio.
The manufacturing and distribution industry segment represents approximately 30% of our firm's total revenue and is clearly one of the top industries GBQ serves. We offer a variety of services to manufacturing clients that focus on assisting companies in remaining competitive in today's business environment.
GBQ believes that companies today are interested in working with an experienced, deep thinking, and technically skilled team. We can focus on tough issues, including offering advice and ideas to positively influence EBITDA, manage working capital, increase gross margin and grow profitability. Helping our clients improve their internal controls, tax planning, operations, productivity and profitability is a major emphasis of our practice.
GBQ is a member of the CPA Manufacturing Services Association (MSA), a nationwide association of CPA firms that provide specialized accounting, tax, and consulting services to the manufacturing industry. This acts as an additional resource available to our firm to provide value to our clients in the manufacturing industry.
Services Provided
Proudly Supporting
- State and Local Tax Services
A large privately held manufacturer with sales in excess of one billion dollars decides to take their tax work to GBQ, leaving a Big Four Accounting Firm.
- State and Local Tax Services
GBQ SALT performs an extensive use tax compliance process review and identified several areas of exposure.
- State and Local Tax Services
GBQ SALT provides a full-time employee to provide support with multistate sales and use tax audit defense.
- State and Local Tax Services
GBQ SALT identifies two state income tax credits that saves the company over $180,000 in state taxes over a two year period.
- Mergers and Acquisitions
GBQ’s dispute advisory & forensic services group worked closely with GBQ’s valuation and M&A groups in order to assist a business owner with the buy-out of a partner.
- Tax
GBQ helps a client increase cash flow availability in the economic downturn.
- State and Local Tax Services
A client impacted by the economic conditions was having difficulty meeting debt covenants and cash flow needs. GBQ identified opportunities to assist them with increasing cash flow, minimizing their tax burden and improving their effective tax rate.
- Assurance Services
The assurance team helps a client save $50,000 annually by reducing telephone costs.
- Management Consulting
$16 million printing company grows sales by 20%.
- State and Local Tax Services
A manufacturing company in Central Ohio was due for a new assessment for real property taxes. GBQ SALT experts find a reduction in property taxes of approximately $40,000 per year for the next three years.
- State and Local Tax Services
GBQ finds a client $900,000 in refunds after a one day complementary review of the company’s federal, state and local returns.
- Management Consulting
GBQ’s Redbank Advisors worked closely with divisional heads, the sales team, the IT department, marketing and the company’s pricing resource to identify opportunities for improvement in price levels.
- State and Local Tax Services
A central Ohio based manufacturer of heavy equipment sells its products to customers in forty-six states. The company employs sales representatives who travel the U.S.
- Assurance Services
GBQ helps a manufacturing client bring profits back to the United States and increase cash flow.
"We switched our tax compliance relationship from a Big 4 firm to GBQ a year ago. Dennis Mowrey and his team have brought me a number of ideas that have helped ADS maintain a desirable tax posture. In addition, we have been able to better manage our expenses as GBQ's fee structure is considerably less than the Big 4 firms. Without hesitation I would highly recommend Dennis and his team as trusted tax advisors."
Dave Ritzenthaler,
Director of Tax,
Advanced Drainage Systems, Inc.