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Blue Ocean Professional Corporation
CPA, Chartered Professional Accountants Free Consultation
INDUSTRIES · 12

Accounting for manufacturing & distribution

Manufacturers, fabricators and distributors: inventory costing, equipment and SR&ED.

SR&EDResearch and development tax credits identified where your work qualifies
InventoryRaw materials, work in progress and finished goods costed properly
CCAMachinery and equipment claimed in the right class
WHAT WE HANDLE

The work that comes with your industry.

Inventory costing

Materials, labour and overhead allocated so product margins are accurate.

SR&ED credits

Help identifying qualifying work and coordinating your claim.

Equipment and CCA

Machinery purchases planned around capital cost allowance.

Payroll

Shift, overtime and production staff paid accurately.

Landed costs

Duties, freight and foreign-currency purchases included in product cost.

Lender reporting

Financial statements and covenant reporting for your bank.

COMMON QUESTIONS

What manufacturing clients ask us

Does my work qualify for SR&ED?

If you're solving technical problems through systematic experimentation, it might. We help you identify qualifying projects and keep the records a claim needs.

How should I value my inventory?

Generally at the lower of cost and net realizable value. Costing raw materials, work in progress and finished goods consistently is what makes your margins reliable.

When should I buy new equipment?

Timing affects how much capital cost allowance you can claim in a year. We look at purchases alongside your year-end planning.

Ready for an accountant who knows your industry?

Mississauga, ON · St. Petersburg, FL · info@blueocean.tax

Free Consultation 416-828-7462