Situation: A glass and life science manufacturer had overpaid use tax at production facilities in Maine and New York. Solution: Our team reviewed purchases, identified overpayments, and filed refund claims while addressing the errors that caused the overpayments. Impact: Our manufacturing client recovered $500,000 from Maine and $1.5 million from New York, with corrections designed […]
Situation: A manufacturer relied on an outdated desktop-based enterprise resource planning system that no longer met its accounting, inventory, operational, and reporting needs. Solution: Our team compared technology platforms based on functionality, reliability, scalability, and cost, then recommended a web-based ERP solution. Implementation planning is underway. Impact: Our manufacturing client gained a clear technology roadmap […]
Situation: A manufacturer with $1.4 billion in annual revenue was acquiring a privately held company in an $85 million transaction. Solution: Our team performed buy-side due diligence to evaluate the target company and inform the client’s transaction decisions. Impact: Our findings supported a $10 million reduction in the purchase price.
Situation: A manufacturer faced rising costs and slower customer payments, placing pressure on available cash. Solution: Acting in the role of fractional CFO, our team developed a recurring cash forecast and established a consistent process for following up on overdue receivables. Impact: Leadership gained a clearer view of projected cash balances, upcoming obligations, and available […]
Situation: A manufacturer’s previous auditor missed completion timelines and issued substantial additional bills without sufficient explanation. Solution: Our team assumed responsibility for the audit and completed the engagement within the agreed scope, timeline, and budget. Impact: Management received timely audits without unexpected charges for work covered by the engagement, making the process and its costs […]
Situation: A fourth-generation family business faced the retirement of its primary shareholder without a family member available to take over. Solution: Our team helped develop a strategy for an employee stock ownership plan to acquire the business. Impact: The family preserved the company’s legacy while giving shareholders a planned exit and significant tax savings.
Situation: A manufacturer with $140 million in annual revenue pursued a $135 million transaction involving private equity counterparties. Solution: Our team provided buy-side transaction advice, including guidance on the tax structure of the deal. Impact: The analysis identified $1 million in savings through effective transaction structuring.
Situation: A multistate manufacturer faced substantial assessments in California and South Dakota related to sales for resale to other manufacturers. Solution: Our team managed the audits, gathered evidence of customer use tax payments, and corrected auditor errors in less than four months. Impact: The assessments were reduced to approximately $700,000 per state, generating $1.5 million […]
Situation: A Canadian manufacturer with a history of remote U.S. sales established a U.S. subsidiary and needed to address its federal and state tax position. Solution: Our team evaluated the company’s U.S. tax presence, redirected sales through the U.S. entity where appropriate, and completed voluntary disclosures or obtained exemption certificates. Impact: The manufacturer reduced compliance […]
Situation: A manufacturer with approximately $10 million to $15 million in annual sales faced the departure of its CFO. Leadership needed continued oversight of its small accounting team and a reliable month-end close. Solution: Tronconi Segarra & Associates provided fractional CFO services, assumed key financial responsibilities, and strengthened reporting, analysis, and accounting procedures. Impact: The […]