Manufacturers encounter numerous challenges in an extremely competitive marketplace from managing inventory to balancing demand and holding costs. Position your business for success with a Redpath and Company advisor who can help you identify and implement strategies to accurately track production costs, leverage financial data to make informed decisions, identify tax savings opportunities, and optimize your overall financial health. Whether you need help with forecasting, budgeting, or optimizing working capital, your advisory team can help you develop a strategic financial plan to make smart pricing decisions, assess and mitigate risk, and help ensure you are taking advantage of any tax credits and incentives for which you are eligible.
Services
Business Advisory
Gain advice and insights on various financial and business matters, such as capital investment decisions, financing options, and mergers and acquisitions strategies.
Minimize your tax liabilities while remaining in compliance. Your Redpath advisor can identify tax credits, deductions, and incentives available to the manufacturers, as well as prepare and file both personal and business tax returns accurately and on time.
LIFO Strategies Sales & Use Tax Planning State & Local Taxation Entity Structuring Tax Credits/Incentives Review
Experience the efficiency you need to minimize disruptions and gain the necessary insights to satisfy lenders, investors, and regulatory authorities regarding the reliability of your financial data. Redpath audit and assurance services will you help you make more informed financial decisions by providing timely and accurate financial statements—delivering unique industry specific insights to improve your financial reporting and satisfy your financial statement users.
Elevate your business strategy with sound financial planning, budgeting, and forecasting. Your advisor will help you analyze and interpret historical financial data to identify trends, forecast future revenues and expenses, and help you develop the right strategies to improve your company’s financial performance.
We understand that balancing inventory levels to meet the ebbs and flows of customer demand—while also minimizing carrying costs and obsolescence—is a continual challenge for manufacturers. Redpath can assist in implementing inventory management processes and strategies to optimize your inventory levels, improve turnover, and reduce your holding costs.
Cash Flow Management
Managing cash flow effectively will help you meet short-term obligations, fund operations, and leverage for growth opportunities and M&A transactions. Get the insights you need to help you better forecast cash flows and develop cash flow management strategies, to improve liquidity and your company’s overall financial health.
Cost Accounting
Understanding the true cost to produce your product can mean the difference between increased profitability and stagnant growth. By accurately identifying the costs associated with producing your products, including direct costs and indirect costs, to calculate the cost per unit of production, you can price your products more appropriately while addressing areas for cost reduction to achieve improved profitability.
Risk Management
Manufacturers face various risks, including supply chain disruptions, fluctuations in commodity prices, and regulatory changes. A risk assessment focused on both finances and operations, can help you develop better strategies and implement internal controls to help protect your business and your brand’s reputation.
Brian Sweeney, partner at Redpath and Company, leads the manufacturing and ESOP industry teams. He also manages client relationships as a client manager and specializes in financial statement audits, business and systems consulting, and management and advisory services for closely-held businesses. As Redpath’s ESOP team leader, Brian focuses on client services, financial health, and cultural consulting to employee-owned companies. He works to protect S Corp ESOPs and stays up-to-date and knowledgeable on issues and legislation through involvement and committee leadership roles in the ESOP community. Brian was elected to and serves on the board of Directors for the National Center of Employee Ownership. He is an active member of the Finance Committee for the ESOP Association, the Government Relations Committee of the ESOP Association Minnesota/Dakotas Chapter, and Employee-Owned S Corporations of America. Brian is a regular presenter on employee ownership topics at local, regional, and national events. He has provided public accounting services at Redpath and Company since 1998.
Megan Johnson, CPA is a business advisory partner and client manager. She provides extensive advisory expertise with a focus on strategic planning, tax planning, and management consulting. She specializes in financial and tax matters, business succession, and mergers and acquisitions with an industry focus in manufacturing and distribution. She has provided public accounting services at Redpath and Company since 1996.
Mark Gibbs, CPA, CGMA, is managing partner of Redpath and Company and has been with the firm since 1986. He continues to serve as a client manager and has extensive experience in commercial audit services. In recent years, he has spent considerable time working on merger and acquisition due diligence on both the seller side and buyer side with his clients, as well as with private equity firms. He has been a member of the board of directors since 2006 and was named managing partner in 2014.
John Kammerer, CPA, is a tax partner at Redpath and Company and holds a seat on the firm’s board of directors. He leads the firm’s business tax service area, assisting clients with tax planning and preparation, entity structuring, and M&A transactions. John works with a variety of clients in industries such as manufacturing, construction, real estate, and professional services. He is a frequent presenter on topics of business taxation and entity structuring. John is also a member of the S Corp Association advisory board and is actively involved with the group to promote and support tax policies that positively impact S Corporations and privately-held businesses. John graduated from Winona State University with a Bachelor of Science degree in Accounting. He is a member of the American Institute of Certified Public Accountants (AICPA) and the Minnesota Society of Certified Public Accountants (MNCPA). He has provided public accounting services at Redpath and Company since 2004.
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