Manufacturing, Wholesale, and Distribution

It’s a critical time for manufacturers, wholesale suppliers, and distributors (MWD). Competitive pressures and the global economy are all impacting the industry, creating both threats and opportunities. Decisions you make today can greatly affect short- and long-term viability. Armed with insightful financial information and competent advice from our trusted MWD advisors, you can feel confident making well-informed decisions.

Diverse Clientele

The KraftCPAs MWD industry team provides financial and consulting services to a variety of clients, including:

• Automotive industry suppliers
• Vehicle/industrial equipment distributors
• Food manufacturers
• Healthcare equipment manufacturers
• Pharma distributors
• Printing companies and paper distributors
• Chemical manufacturers and distributors
• Mining industry suppliers
• Furniture manufacturers and metal fabricators
• Building materials manufacturers and distributors
• Military equipment manufacturers
• Audio equipment manufacturers and distributors

Our clients range from start-ups to large manufacturers with operations in foreign countries, as well as U.S. subsidiaries of foreign-owned companies. Among more than 130 MWD clients, many have been Kraft clients for more than 30 years.

Industry Experience

MWD represents one of our largest industry concentrations in terms of firm revenue. Because of Kraft’s diversified commercial practice, many of our professionals have extensive experience in the manufacturing industry. This vast experience provides us with the insight and industry-specific knowledge required to make sound management recommendations.

As a commitment to the industry we serve, we are members of Manufacturing CPAs, a nationwide network of CPA manufacturing firms that provides access to educational programs and other support to keep us ahead of industry trends and better serve our clients. We are also members of the Tennessee Automotive Manufacturers Association, the Tennessee Chamber of Commerce and Industry, Tennessee Manufacturers Association, and the Chattanooga Regional Manufacturers Association.

Manufacturing Industry Services

Our mission is client success, and our goal is to establish long-term relationships with our clients to help them achieve their goals. We invest the time to get to know our clients so that we can become an invaluable resource and trusted advisor. Our services, which range from the basics to specialized consulting, include:

Assurance Services

• Audit, review, and compilation of financial statements
• Outsourced internal audit
• Interim financial management and placement
• Internal control assessments
• Employee benefit plan audits
• IT risk assurance and security
• System and organization controls (SOC) attestation examinations
• Sarbanes-Oxley (SOX) compliance assistance

Consulting Services

• Due diligence
• Valuation
• Litigation and dispute resolution
• IT implementation
• Forensic accounting
• Turnaround and restructuring
• Information systems security
• Risk assessment
• Transaction advisory services
• ERP selection and implementation

Tax Consulting and Compliance
Our professionals have helped numerous MWD clients reduce their tax burden through the identification of various state and federal tax credits, deductions, and other incentives, including the Tennessee Jobs Tax Credit, the federal R&D credit, the work opportunity tax credit, and cost segregation studies. Our other tax services include:

• Tax return preparation
• Income tax planning
• State and local tax planning
• State tax nexus studies and planning
• Entity selection
• M&A, succession, and exit planning
• Deal structuring for favorable tax consequences
• Tax controversy resolution
• Research and experimentation (R&D) credit studies
• State tax incentives
• International tax planning
  • Transfer pricing studies
  • Export tax incentives
  • Entity and ownership structuring
  • Entity location selection
  • Foreign transaction reporting