Wholesale & Distribution Accounting | Meyers Brothers Kalicka, P.C.

Wholesale & Distribution

Your job is to get your products where they need to go. Our job is to help get your business where it needs to go.

Taking You From Here To There

There is more than a little strategy involved in the profitable management of wholesale and distribution companies. Managing inventory, controlling transportation costs, maximizing cash flow are all vital aspects of this industry that require best-practice insights and efficient processes. Additionally, the impact of doing business in multiple states and around the world requires a foundational understanding and strategic application of complicated international and multi-state sales and use tax issues. You are best served by partnering with a CPA firm that can help identify and implement tax and financial strategies designed to keep your products moving efficiently and profitably.

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Wholesale and Distribution Professional Services

Inventory valuation and management

Cash-flow analysis

Budgets, forecasts, projections

Financial statements — audits, reviews, compilations

Internal control studies

Profitability analysis

Tax planning and consulting

Sales and use tax issues

State tax Nexus

Employee benefit plan audits

Succession planning

Entity structuring

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Experienced Accounting Team

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Wholesale Distribution Accounting Insights

Bad Debt Deductions

By Sarah Rose Stack • 15 Apr, 2024

The tax code allows an individual to claim a deduction for business debts that have become worthless. But qualifying for the deduction may be more complicated than one would think. In a recent case, the IRS denied more than $17 million in bad debt deductions on the grounds that the advances in question represented equity rather than debt, hitting the taxpayer with millions of dollars in taxes and penalties. This article recounts the U.S. Tax Court case Allen v. Commissioner. Allen v. Commissioner (T.C. Memo 2023-86).

Deducting Business Travel Expenses: A Refresher

By Sarah Rose Stack • 01 Apr, 2024

During the COVID-19 pandemic, business travel nearly came to a halt. Today, it’s on the rebound, as “Zoom-fatigued” executives craving face-to-face interaction hit the road again. With more people getting out of their offices, now is a good time for a refresher on the tax deductibility of business travel expenses. This article explores what’s considered one’s tax home and what expenses are deductible. A sidebar explains the deductibility rules when a business trip is mixed with pleasure.

Making Distinctions May Create Tax Savings for Owners of Rental Real Estate

By Sarah Rose Stack • 01 Apr, 2024

The 20% qualified business income (QBI) deduction is available for income from an eligible trade or business, but it isn’t available if that same property is classified as an investment. This article points out that it’s worth considering whether an owned rental property meets the definition of a trade or business under IRS requirements. It also explains that determining whether rental real estate activities qualify for the QBI deduction is a complicated undertaking and is likely to require the services of a tax professional.

Real People. Real Stories. Real Results.

"My father hired Meyers Brothers when he started our business over 40 years ago. Their great service and courtesy has not changed since day one. I am sure my son will remain with them for the next 40 years."

Andy G. | R. A. Graham Co.

"MBK is actively engaged with management regarding audit updates as well as business strategy. They provide a thoughtful sounding board on pressing issues and their consultative approach helps ensure a seamless annual audit process."

Jay K. | Westfield Gas & Electric