Why Vrakas?
To maintain a competitive edge in the manufacturing and distribution industries, you must proactively manage global competition and rising costs. At the same time, you must sustain a constant focus on customer satisfaction.
At Vrakas, we specialize in accounting, auditing, and tax services for manufacturing and distribution companies, with approximately 50% of our corporate clients operating in manufacturing-related fields.
Our work with various companies in the industry keeps us alert to current industry trends, opportunities, and challenges. This allows us to go beyond basic services and become better advisors to our clients by sharing industry best practices and making proactive recommendations. We provide integrated solutions to maximize your business’s potential and identify inefficiencies. We also seek to reduce your tax burden, fully utilize your resources, capitalize on opportunities, and ultimately strengthen your business.
Continued Education
We have professionals who are active members of various manufacturing trade organizations, such as the Wisconsin Manufacturing Extension Partnership and the National Tooling and Machining Association, which keeps us up to date on manufacturing trends affecting your business.
Our industry specialists can assist in the following areas:
- Financial statement audits and reviews
- Tax compliance
- S-Corporation election
- IC-DISC
- Accounts receivable management
- Depreciation analysis
- Capital expenditures/lease analysis
- Lean manufacturing
- Budgeting and strategic planning
- Cash flow analysis
- Financing facilitation
- Due diligence research and review
- Fully capitalizing on available tax credits and deductions, such as the section 199A – Qualified Business Income Deduction and the Wisconsin manufacturing credit
- Inventory costing
- Research and development tax credit studies
- Cost segregation studies
- Technology planning and implementation
- Compensation, benefits and incentive planning
- Succession planning and exit strategy development
- Internal control and other management recommendations
- Fully capitalizing on available tax credits and deductions, such as the section 199A – Qualified Business Income Deduction and the Wisconsin manufacturing credit
- Identifying opportunities to maximize the benefits of section 179 expensing and the bonus depreciation allowance
- Reviewing multi-state compliance and nexus planning needs
- Innovative accounting software and a solutions team to perfect your processes