Manufacturing & Distribution
The manufacturing and distribution sector has historically been the backbone of the American economy. Businesses range from transportation equipment, computers, electronics, textiles, foods, chemicals, machinery, and metal products, to plastics and paper. The majority of firms are small businesses with annual sales under $1 million. In fact, just 6,000 companies have annual sales of over $50 million and the top 200 produce more than 40% of the total sales each year. For every 1.00 spent in manufacturing another $2.79 is added to the economy.
Dermody, Burke & Brown (DB&B) serves all kinds of manufacturing clients. No matter the size of the business or the products being produced, manufacturers face similar operational issues including labor relations, research and development, quality control, inventory, cost control, process and product improvement, and adherence to government regulations. At DB&B, we believe that manufacturing and distribution companies need a highly proactive and informed accounting and financial management team they can trust to maintain current, in-depth knowledge of trends, opportunities and threats, such as:
At DB&B, we focus on understanding exactly how each manufacturing client generates profits so that we can provide truly insightful advice to help clients tighten operations, collaborate more efficiently, meet competitive market conditions, and grow your business. This broad view has led us to develop a cross-functional Manufacturing Service team headed by a Member/Principal, who maintains contact year-round to bring clients high-level, innovative strategies for tax savings and business improvements. The team also includes a cadre of tax specialists, to ensure that tax strategy is fully considered and each engagement is seamless and minimally intrusive for clients’ internal accounting staff. DB&B involves clients fully during the financial statement review and fieldwork processes to expedite any decisions necessary to keep the process timely and on track.
In the event that an unusual or particularly challenging issue arises, DB&B’s affiliation with Allinial Global allows our team to tap into a wealth of Manufacturing & Distribution experience of other top tax practices. Allinial is an association of legally independent accounting and consulting firms that seamlessly share training resources, best practices, information and expertise. Our firm is also a proud member of the Manufacturers Association of Central New York (MACNY).
Thought Leadership Emails
DB&B provides you with updates on your industry via emails covering current topics of interest to the manufacturing and distribution field. These are designed to keep you apprised of all the accounting reformations and tax updates that effect manufacturers on a daily basis.
Industry Specific Benchmarking Studies
Through our relationship with several comprehensive private company industry data services, we can benchmark your business against others in the manufacturing industry - providing you with the tools you need to remain highly competitive in today’s global marketplace.
Testimonial from Cathedral Candle Company
“Cathedral Candle Company has been in existence for over one hundred years and over fifty of those years have been with Dermody, Burke & Brown. As our fourth and fifth generation of Steigerwalds take the lead, our accounting firm continues to provide us with proactive, insightful advice that contributes to our current and future growth – lighting the way for our next one hundred years.”
- Louis Steigerwald III
President, Cathedral Candle Company
Cathedral Candle Company has served Christian churches through the master craft and art of candlemaking for more than a century. Since our Syracuse factory began production in 1897, we still hold true to our innovative methods and high quality formulations. We’ve worked hard to perfect the hand work and ornamentation techniques our founder and great-grandfather, Jacob Steigerwald, created.
Today, Cathedral Candle Company is owned and operated by the fourth and fifth generation of Steigerwalds and we continue to make church candles exclusively, remaining true to our original values. The factory, on Kirkpatrick Street in Syracuse, remains the core of today's expanded manufacturing facility. Our longstanding CPA firm, Dermody, Burke & Brown, has been by our side along the way and has been instrumental in continuing to support our future goals by providing sound advice in many areas of business. We are proud to continue supplying a quality product that preserves the tradition of helping churches to light religious faith with the living flame.
Don Albright, CPA
Don has been with Dermody, Burke & Brown since 1997. Don services a variety of clients and has over 20 years of auditing experience. performs audit, review and compilation engagements, as well as consulting services for our closely held business clients. He has also performed work for a variety of tax-exempt clients including unions, auxiliary services at SUNY schools, museums and HUD-assisted housing companies, among others.
Don is a graduate of Columbia College. He is a member of the New York State Society of Certified Public Accountants (NYSSCPA) and the American Institute of Certified Public Accountants (AICPA).
David Corey, Jr., CPA
David has been in public accounting for over fifteen years, all at Dermody, Burke & Brown. He plays a prominent role in both the Tax and Auditing & Accounting Departments. David developed and leads the Firm’s Agribusiness niche and also works with family owned, closely-held businesses in a wide variety of industries including the Manufacturing and Construction industries. With his advanced expertise, David advises clients on tax compliance and planning, business succession/estate planning and business operations.
David holds a Bachelor’s degree in Accounting from Bob Jones University. He is a member of the New York State Society of Certified Public Accountants (NYSSCPA), the American Institute of Certified Public Accountants (AICPA) and is a past Board Member of the Unity House of Cayuga County.