Material prices move, labor shifts between lines, and inventory changes every day. When the accounting system can’t keep up, pricing turns into guesswork and the tax return is built on rough estimates. We set up your books to show real product costs, keep inventory in line with what’s on the shelves, and look for the deductions and credits manufacturers often leave behind.
Texas exempts many purchases used directly in manufacturing from sales tax, though the line between qualifying and non-qualifying items is narrow. Equipment and inventory also show up each year on the business personal property rendition your appraisal district uses to set your property tax. We make sure you’re claiming the exemptions you’re entitled to and that what you report matches your books.
Many manufacturers track production and inventory in one system and keep the books in another, such as QuickBooks, Sage, or NetSuite. If those systems use different item lists or post costs at different times, inventory and cost of goods drift apart every month. We connect them, so a completed work order updates the books correctly without manual entries.
Manufacturers with big purchases and complex inventory tend to draw questions from the IRS and the Texas Comptroller, especially around sales tax exemptions and cost of goods. If a letter has arrived, we help you understand it, gather what’s needed, and respond. Then we tighten up the records so the next review is routine.
Talk it through.In a free, confidential consultation, tell us what you make, how you track costs, and which numbers you don’t trust.
Walk the floor together.We can tour your facility to see how materials, labor, and finished goods move before we touch the books.
Rebuild the cost picture.We align inventory, update cost standards, and prepare your returns with the right deductions and credits.
Keep costs current.Regular reviews keep product margins visible as prices and volumes change.
We’ve worked with Austin owners since 2005, and more manufacturers are setting up or expanding across Central Texas every year. After your free consultation, we are glad to meet in person anywhere in the Greater Austin area, including at your plant. Manufacturers anywhere else in the country work with us by phone and video.
Possibly. The credit isn’t limited to labs. Designing new products, improving processes, and building prototypes can count. We’ll review your projects during your free, confidential consultation and tell you whether it’s worth pursuing.
The first conversation is free and confidential. Tell us what you make and where the numbers feel off, and we’ll show you where we’d begin.
Call or text (512) 996-5845This firm is not a CPA firm, and its services are not regulated by the Texas State Board of Public Accountancy.