Automobile & Truck Dealerships

Our dedicated team serves the unique needs of small- to medium-sized, privately-held automobile and truck dealerships.

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Auto Dealership

Professional Services

We have the experience and expertise needed to help address many of the operational and financial challenges faced by professional service firms. We also partner with attorneys to provide a range of value added services designed to help them serve their clients.

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Professional Services

Manufacturing & Distribution

We assist a broad range of manufacturing and distribution entities with their unique financial requirements. We maintain the highest quality standards in our compliance work and focus on bottom line results, strategic planning, and asset protection.

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Manufacturing & Distribution

International Services

Our team of international consultants, tax professionals, and accountants have helped clients from over 30 countries expand into the US. We have also helped numerous US businesses expand outside our borders.

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International Services
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Tax Planning & Consulting, State & Local Tax, Estates, Gifts, and Trusts, and more...

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Audits, Reviews, Compilations, Bookkeeping & Payroll, and more...

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Business Advisory Services, Mergers & Acquistions, Commercial Lease Negotiation, and more...

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Learn More about Michael Silver & Company CPA's business valuation services.

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Manufacturing & Distribution

Expertise and Experience in Manufacturing and Distribution

Michael Silver & Company CPAs has served the unique needs of privately-held small and medium-sized businesses since our firm’s founding in 1944. One of our firm’s key areas of industry focus is addressing the unique financial requirements of a broad range of manufacturing and distribution entities. We maintain the highest quality standards in our compliance work, but strive to meet and exceed our clients’ expectations by focusing on bottom line results, strategic planning, and asset protection. Our full range of services includes:

Tax Consulting and Compliance

Manufacturing and distribution entities face unique tax challenges and opportunities. We have a team of 25+ knowledgeable and experienced tax professionals, dedicated to helping you minimize your company’s tax burden, maximize available tax credits and special deductions, and ensure that you are compliant with all the complex laws and regulations issued by the IRS and state governmental agencies.

Why Michael Silver & Company CPAs? Because we provide proactive rather than reactive advice and guidance: keeping you informed regarding the latest tax legislative changes, which enhances our ability to plan for the effects of those changes.

Our team of tax experts can provide ideas for federal and state tax savings, and help you avoid costly tax audits. In addition to completing all of the necessary tax returns and managing other compliance requirements, we also provide a full range of tax planning and consulting services, including:

  • Annual and long-term income tax planning, for business entities, their stakeholders and families
  • Complex tax issues, such as Domestic Production Activity Deduction, depreciation planning, and inventory capitalization calculations
  • Leveraging the various federal, state and local tax credits and incentives, such as Research and Development credits
  • Providing highly-effective depreciation strategies, such as cost segregation studies on major capital improvements, building acquisitions and new construction, and optimizing available depreciation choices
  • Multi-state issues, such as determination of nexus, business registrations outside of Illinois, and planning associated with opening new facilities in other regions or states
  • Complex sales tax issues faced by manufacturers and distributors
  • Sales tax compliance assessments
  • Tax projections and cash flow analysis
  • Corporate consolidation and restructuring strategies, dividend payouts, and earnings and profits issues
  • Analyses of potential tax benefits from implementation of LIFO inventory
  • Foreign affiliations, including vendors, customers, owners and subsidiaries
  • Intercompany transfer pricing issues
  • Representation at federal and state income and sales tax audits, voluntary disclosures and amnesty programs
  • Estate, Gift and Trust Services for individual owners and/or family businesses

Accounting and Audit

Our team of Accounting and Audit professionals can provide the interim and year-end compliance and financial statement services specific to manufacturing and distribution entities. Through intense collaboration, we work with your in-house staff to provide guidance and advice on how to prepare for a financial statement engagement, as well as keep your expenses under control.

We also have experience addressing the expectations of traditional lenders, mezzanine finance entities, and other capital lenders, in the effort to provide them with the high quality financial statements they require and expect. We utilize our extensive knowledge, experience, and technology to streamline the process of financial reporting, efficiently and effectively. Our services include:

Other Value-Added Services, tailored for Manufacturers and Distributors

In addition to the traditional services you would expect from an accounting and tax firm, we can deliver other value-added services specifically tailored to manufacturers and distributors, including:

  • Inventory control issues, including development of processes
  • Development of models to address inventory costing issues
  • Internal controls evaluation and analysis
  • Salary, commission, bonus consulting and incentive compensation planning for management and sales force
  • Payroll issues, employee benefits and retirement plans
  • Union negotiation assistance
  • Planning and execution of company purchase and sales transactions (M&A)
  • Succession planning
  • Valuation Services
  • Real estate analysis and consultation for related business property
  • Profit analyses for potential major equipment purchases, including breakeven analysis
  • Buy or lease comparisons for equipment needs
  • Analyses of outsourcing options for manufacturing or other functions

    • Budgeting, forecasts and projections
    • Cash flow management
    • Performance management and benchmarking
    • Accounting systems analysis and betterment planning
    • Assistance with bank financing

Our Manufacturing and Distribution Industry Team Leaders

Many of our partners have over twenty years of experience collaborating and consulting with manufacturing and distribution entities. Those years of expertise are distributed across accounting and audit, tax, and consulting services.

When you work with Michael Silver & Company CPAs, you will profit from the benefits of a true business relationship and work with a team of industry experts, including your engagement partner, who will be in constant touch with you to help you achieve success. Our goal is to support you, and help you to position your operations to become more efficient, more competitive, and more profitable.

Jennifer Barliant

Jennifer A. Barliant, CPA— Managing Partner

In addition to her leadership role in the Firm’s Accounting and Audit practice, Jennifer has over 25 years of experience serving manufacturing and distribution entities. Her contributions have extended beyond audit, review, or compilation of financial statements, to value-added assistance with monthly close procedures, analyses of overhead, and assistance with implementation of inventory counting and costing procedures. Jennifer has advised many of her manufacturing and distribution clients on the financial and business decisions required to support growth and profitability, including new machinery purchases and plant expansions/closings.

Larry Isaacson

Larry Isaacson, CPA— Managing Partner

In addition to leading the Firm's tax consulting and compliance practice, Larry has over 30 years of experience working with manufacturers and distributors on their unique tax challenges. Specifically, his tax planning experience includes Domestic Production Activity Deduction allowance for qualified manufacturers, maximizing benefits from accelerated depreciation, and bonus depreciation deductions. Larry has also advised manufacturing clients on LIFO inventory, maximizing sales tax credits, and managing IRS audits.

Mark D DeVience

Mark D. DeVience, CPA — Partner

Mark has been providing business and income tax guidance to manufacturers and distributors for more than 30 years. His wealth of experience provides clients the confidence of knowing that they are taking full advantage of the federal and state income tax benefits provided for manufacturers and distributors, such as Domestic Production Activity Deductions and cost segregations studies. In addition, Mark has represented numerous clients being audited by federal and state taxing agencies. He has also worked closely with business owners and attorneys in the purchase and sale of their businesses.