For more information
about our services,
contact your DDF advisor, or:

Paula Hanson
Director of Tax Services


 

Manufacturing Services
Helping you become the Low-cost Leader

Our manufacturing team consists of a group of professionals with experience and training in the manufacturing environment. This team was formed with the intent to leverage our collective knowledge base and transform that knowledge into value-added services targeting the measurement and reduction of costs.

Traditional Services for the Manufacturing Industry
Because our professionals have such a wide range of experience, we are able to offer a vast array of services to manufacturers in the Bluegrass region.

Assurance Services
Financial Statement audit, review, and compilation services - Offers assurance to shareholders, lenders, or potential investors.

Agreed upon procedures attestation - Addresses specific areas of your organization.

Compiled forecasts and projections - Increases the accuracy of your five- or ten-year plan.

New accounting standards implementation - Ensures compliance with the latest in
accounting standards.

Preparing financial budgets and projections - Improves control of cash flow and expenditures.

Internal controls and accounting manual reviews - Safeguards assets and manages risk by
implementing strategically placed checks, balances, and reviews.

Directly performing accounting, payroll, or clerical functions - Lowers costs by outsourcing
financial or administrative activities.

Tax Services
Tax return preparation — Provides timely and accurate filing to all taxing entities.

Tax Planning - Helps make decisions now that can minimize your tax expenses later.

Tax credits — Helps you take advantage of all tax credits available through the Kentucky Industrial Development Act (KIDA).

LIFO computations and elections — Ensures that you receive the tax benefits of inventory valuation via the LIFO method.

Sales and use tax issues — Helps you reduce exposure to both over- and underpayment of sales tax and use taxes.

Cost segregation studies — Assists in generating cash tax savings by carving out short-lived assets normally imbedded in a building’s construction or acquisition costs, which typically have much longer depreciation periods.

Consulting Services for the Manufacturing Industry
Accounting Services
Product cost services — Assists in setting up initial costs and overhead calculations to allow your organization to be in compliance with generally accepted accounting principles and helps you create a roadmap to low-cost leadership and help maximize profitability.

Materials requirement planning systems (MRP) — Helps you analyze and implement the MRPs.

Fraud investigation - Gathers information to aid legal counsel, or is proactive by evaluating fraud risk and internal control structure.

Operations Review and Assessment - Reviews your accounting operations and provides you with an assessment of our findings.

Management Decisions Services
Benchmarking and ratio analysis - Compares your business to those of similar size in the same industry throughout the region and country.

Buy-sell agreements — Ensures business continuity.

Employee search - Finds the right match for your organization.

Technology Services for the Manufacturing Industry
New system consulting/implementation
Data extraction / Data warehousing - Builds a database that links to your current system that will provide real-time information in the format(s) management needs to make the tough decisions.