Manufacturing remains the heart and soul of American industry. However, it is far from static. Technological innovation continues to revolutionize the manufacturing industry, and even those that are well established must modernize to keep pace.
Automation, smart machines, the Internet of Things, and big data are concepts that have gained attention as manufacturers work to improve efficiencies and competitiveness in a global market. Further, macroenvironmental factors add increased pressure to manufacturers. Soaring commodity prices, supply chain disruptions, and labor shortages, are only a few issues that manufacturers are facing daily. To add to this complexity, few industries are regulated to the extent manufacturing is, a factor that relentlessly challenges profitability.
Accounting and tax compliance, the associated disclosures, and the ever-changing laws and regulations surrounding them are more complex than for most other industries and demand more sophisticated support. Traditionally, accounting firms often act as historians, reviewing financial statements and calculating tax obligations based on what has already happened. What if your accounting firm could use your financial data to help you plan the future of your organization? An accounting firm that specializes in the manufacturing industry can offer this forward-looking advice and counsel to help you address your challenges.
Manufacturing Solutions Leadership
Your manufacturing business needs the support of a CPA firm that does more than prepare financial statements and tax returns.
The firm you engage should have the expertise and industry savvy to help you maximize company value and optimize shareholder returns. They should understand and help you prioritize key performance indicators while providing support in developing and executing plans to meet your goals. HBK Manufacturing Solutions is a dedicated team of manufacturing industry subject matter experts within HBK CPAs & Consultants, an Accounting Today Top 100 CPA Firm.
We emerged in the shadow of the world’s leading steel producers and have built our manufacturing expertise over 70-plus years. We have evolved as manufacturing has evolved, from steel and other metals, to food, plastics, and additive manufacturing. Today, team members focus on manufacturing; they understand the industry and they understand the unique challenges that manufacturers face each day. We provide CPA services and counsel to hundreds of manufacturers throughout the country, advising on complex tax and accounting issues. Beyond compliance services, we offer consulting and planning designed to support your manufacturing operations, provide better business management tools, and deliver strategic and financial planning support to help manage and grow your business.
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