Aerospace & Defense

The global aerospace and defense industry is likely to experience stronger growth in 2017. After several years of growth, but at a slow pace, early forecasts predict the aerospace and defense sector revenues will grow by approximately two percent in 2017. The global aerospace and defense sector revenue rebound is attributed to a number of factors in both the commercial aerospace sub-sector and the defense sub-sector.

The professionals at Baroldi Gundersen have experience with numerous aerospace and defense companies across the country, from start-ups to well-established corporations looking to expand their operations. Our Aerospace and Defense team brings innovative thinking and executable strategies to the complex challenges you face and are ready to assist on a multitude of matters from tax compliance and assurance to some of the specialized issues affecting the aerospace and defense industry, such as long-term contracts, international transactions, merger and acquisition transactions, exit strategies and entity structures.

TAX

Cost Segregation
Tangible Property Repair Regulation Studies
Accounting Method Reviews
Applying Deductions and Tax Credits such as Research & Development
Multi-State Taxation and Operating Structuring
Tax Planning and Compliance
LIFO Inventories

ACCOUNTING SERVICES

General Bookkeeping Services
Operating Budgets – Preparation, Analysis and Tracking
Cost Controls, Budgeting and Cash Flow Analysis
Inventory Control Systems
Gross Profit Maximization and Analyzing Pricing Structures
Profit Enhancement Analysis (determining actual profits by product)

AUDIT & ASSURANCE

Audits, Reviews and Compilations of Financial Statements
Employee Benefit Audits
Internal Audits
Internal Controls Review

CONSULTING

Merger and Acquisition Strategies
Buy-Sell Agreement Reviews
Succession Planning and Exit Strategy Development
Assistance in Locating and Obtaining Bank Financing
Buy-Lease Considerations
Business Valuation and Litigation Support
Due Diligence Research and Review
Compensation, Benefits and Incentive Planning
Evaluation and Implementation of Internal Control Systems
Strategic Planning and Business Process Solutions
Cost Management and Productivity Analysis

Research and Development Tax Credit Studies

Many business owners believe that the R&D Tax Credit only applies to developers of new products. However, many other companies may benefit if they have invested time, money and resources toward:

Developing New Products
Improving Existing Products
Building or Testing Prototypes and Models
Developing or Improving Manufacturing Processes.
Developing New Materials

If any of these apply to your company, you may qualify for the R&D Tax Credit. The professionals at Baroldi Gundersen can assist you in performing an analysis to determine if your business can take advantage of this credit.

Cost Segregation Studies

Through a cost segregation study, the components of a building are reclassified into shorter depreciation groups to accelerate depreciation expense. As a result, companies maximize their tax depreciation deduction, and reduce current-year income taxes. Your business may qualify if it has purchased, constructed, renovated, expanded or refurbished a commercial building within the last five years. Costs that may qualify for a shorter depreciable life include wall partitions, carpet and painting, parking lots, security systems, HVAC systems, landscaping and other items. If may apply to your business, a cost segregation study could save you tax dollars. We are ready to help you consider the benefits of such a study.