An essential part of our economy is the manufacturing sector. At Williams & Partners, we take the time to understand the interrelation between our client’s reporting and manufacturing system to provide enhanced financial reporting and performance metrics. This could include a thorough assessment of cost per machine hour, or cost per lb./ft. of product to help determine any inefficiencies in the manufacturing process.
The manufacturing industry can be very capital intensive. Here at Williams & Partners, we are constantly refreshing our understanding of programs such as the Scientific Research and Experimental Development (SR&ED) program, Ontario Manufacturing and Processing Tax Credit, and other grant programs that our manufacturing and processing clients can take advantage of to help reduce their overhead costs. Our tax team also has an in depth understanding of the manufacturing and processing tax deduction to help minimize our client’s annual tax liabilities.