Manufacturing

Navigating Manufacturing Prosperity Through Strategic Financial Insight

Analysts predict an ongoing revitalization in the Canadian manufacturing sector in the coming years. Escalating transportation expenses, a devalued currency, and higher overseas labour costs are anticipated to create expanded business opportunities for Canadian manufacturers.

Nonetheless, potential revisions to the tax code pose a direct threat to manufacturers. Given this heightened level of uncertainty, manufacturers must turn to impartial and proven guidance to proactively address challenges and optimize profitability. Zeifmans possesses a substantial track record in delivering customized tax, audit, and business consulting services to various manufacturing sectors, including chemical and process manufacturing, pharmaceutical and medical device production, food and beverage manufacturing, as well as general manufacturing enterprises.

Our expert team helps manufacturers to achieve ongoing success by:

• Producing accurate budgets and cash flow projections and developing corresponding financial strategies.
• Conducting cost segregation studies that identify opportunities to shorten the cost-recovery period through accelerated depreciation.
• Evaluating current inventory control methods, locating points of shrinkage and recommending appropriate solutions.
• Analyzing and optimizing supply chain management to lower costs and increase reliability.
• Advising on operations management by auditing your physical plant arrays and ERP.

Our industry experts work with you 1:1 to identify opportunities, including incentives like the Scientific Research and Experimental Development (SR&ED) program. Claims like this allow you to make innovative changes to your processes right on your shop floor, in a cost effective manner.

As a member of Nexia, we have relationships with suppliers and customers throughout the world. Allow us to connect you to the next step in your business journey. Contact us today to learn more using the form below.