Manufacturing

Manufacturing is a complex industry, regardless of the product(s) you’re producing. That complexity, and the opportunity that accompanies it, is exactly what appeals to our manufacturing team at Kernutt Stokes. 

In our more than 75-year history, we have worked with small to large-scale manufacturing firms throughout Oregon and companies with distribution in the state, out of state, and internationally. Whether you make steel, textiles, forest products, storage and transportation products, food products, or any other range of items, our dedicated team can provide you with all of the accounting and business consulting help you need, all from the convenience of our firm.

We look at all aspects of your manufacturing business, including product and inventory costing, supply chain, labor management, margin cycles, cash management and collections, internal and external financial statements, tax deductions and exclusions, and more. We also consider the medium and long term goals for the business, and plan for succession. Throughout the process and throughout the year, our goals are to increase your revenue, reduce your costs, and help you manage your liability. 

Additionally, we have served multiple generations for our clients’ businesses and we know it can be difficult to transition to the next generation in a business. Because we’ve served manufacturing companies for as long as we have, our “next” generation team has learned from our earlier teams, and will be right there alongside you. 

We know you work hard to succeed in manufacturing. We want to ensure that every aspect of your business is working just as hard for you, including your CPA team. We’re ready to roll up our sleeves and get to work for you, let’s talk.

Meet Our Manufacturing Team

Jonathan Powell, CPA, Partner and Chad Steinhauer, CPA
“Manufacturing businesses are run by hard working people, often multiple generations of a family. We enjoy the complexity of manufacturing industry and helping alleviate the stress that comes with the business."
- Jonathan Powell, CPA, Partner

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Information and Resources

Understanding Fraud: Awareness, Deterrence, and Prevention

by Ethan Doak |
Fraud is a serious issue that affects people and organizations worldwide. It involves deceiving others to gain something valuable, like money or personal information. In this blog, we'll explore what fraud is, how we can become aware of it, and ways to prevent and deter it.

1099 & Year-End Reporting/Compliance Requirements for 2024 and What’s Changing in 2025

by Kernutt Stokes |
What you should know about 1099 changes for 2025, as well as year-end reporting and compliance requirements if you have employees.

Employee Retention Credit | IRS Sharply Increases Compliance Action Through Taxpayer Audits

by Kernutt Stokes |
To combat a wave of frivolous employee retention credit (ERC) claims, the IRS has sharply increased compliance action through audits and criminal investigations, with more activity planned in the future. In this heightened enforcement environment, employers are advised to act swiftly when responding to IRS notices regarding ERC claims.

4 Ways Accounting Practices Aid in Fraud Prevention

by Charlotte Kreitlow |
Fraudulent activities come in many forms, often exploiting weaknesses in internal controls and processes. According to the Association of Certified Fraud Examiners (ACFE), businesses lose an estimated 5% of their annual revenues to fraud each year. This staggering statistic underscores the urgency for businesses to implement proactive measures to deter, detect, and mitigate fraud. In this blog, I’ll share four ways your accounting practices can help in fraud prevention.