The team at Aimlon CPA P.C. has an in-depth understanding of the industrial manufacturing sector and can help your organization meet its business challenges.
Manufacturing
The manufacturing (and construction) industry is the secondary sector of the economy. Organizations that operate in the industrial manufacturing sector systematically use manual labor or machinery to fabricate, process or prepare on a large scale semi-finished or finished products from raw materials and commodities. These include:
- Computer and electronic products
- Electrical equipment
- Appliances and components
- Textile product mills
- Furniture & related products
- Industrial and commercial machinery
- Fabricated metal products
- Primary metals
- Chemical products
- Plastics and rubber products
- Printing and publishing
- Paper
- Furniture and fixtures
- Leather
- Miscellaneous manufacturing industry such as jewelry, sporting goods, musical instruments.
An industry in the process of technological transformation
In its early ages, the industrial manufacturing process was mostly labor intensive, and supply driven; customers buy what producers wish to sell. Today the manufacturing process is more technology driven and the market is demand driven. Unpredictable customer demands and groundbreaking manufacturing technologies are transforming the industrial manufacturing sector.
The adoption of emerging technologies will enable disruptive industrial manufacturing solutions. These manufacturing technologies include the internet of things (IoT), artificial intelligence (AI), network communication, machine learning. In the coming years, industrial manufacturing market players will witness opportunities and face a few challenges.
Some of the key success factors
Disruptive technological innovations, business tax reform, sustainability reporting create the need for manufacturers to continuously transform themselves, rethink their business models, their supply chain, their processes, and technologies to stay relevant in a competitive market.
Today’s market conditions require companies to rely on a true business advisor to guide operations through all types of market conditions. Aimlon CPA’s industrial manufacturing professionals are aware of the specialized needs of the manufacturing industry. From restructuring operations and cutting costs to finding ways to improve customer experience, to reduce your carbon footprint, reduce taxes and implement new systems.
Services
Some of the services that companies in the manufacturing industry request from us are :
Preparation of Financial Statements
Research and Development (R&D) Tax Credit
Please contact us today to find out how we may best serve your organization’s specific needs.