Suite 4, 255 Whitehorse Road, Balwyn VIC 3103
Suite 4, 255 Whitehorse Road, Balwyn VIC 3103
Manufacturing & Engineering
Project costing and work in progress, Inventory costing, and equipment finance for manufacturers and engineers. We go beyond compliance to help you protect margins and fund growth.
Inventory & COGS
Advice on inventory systems and best practice. Costing analysis to provide accurate margins
Cashflow Management
Assist with cashflow forecasting and cashflow management techniques, including equipment finance options
Strategic Business Planning and Development
Identifying growth opportunities, address business challenges, and mitigate key risks.
Principal-Led Advice
Advice from experienced and knowledgeable professionals
Inventory & COGS
Advice on inventory systems and best practice. Costing analysis to provide accurate margins
Cashflow Management
Assist with cashflow forecasting and cashflow management techniques, including equipment finance options
Strategic Business Planning and Development
Identifying growth opportunities, address business challenges, and mitigate key risks.
Principal-Led Advice
Advice from experienced and knowledgeable professionals
The Challenge
Assistance to manage, calculate and report on work-in-progress in the manufacturing and engineering space to enable accurate revenue recognition and matching of revenues to costs.
Incorrect COGS analysis and overhead allocation mean you're pricing products without knowing your true margin. That compounds quickly in a high-volume business.
New machinery is expensive. The wrong finance structure can lock up working capital and restrict your ability to grow. The right structure frees it up.
Identify R&D opportunities and refer to R&D specialists. Many manufacturers spend on eligible R&D without realising it qualifies for the tax offset. Leaving that cash in the ATO's hands is a costly mistake.
What We Cover
Specialist accounting for manufacturers, engineers, and importers, covering operations, compliance, and growth.
WHY KIDMANS PARTNERS
With your permission, your tax adviser, bookkeeper, and finance broker share information. One plan, fewer handovers, better outcomes.
We stay current with tax legislation, ASIC reporting and compliance requirement.
We understand inventory accounting, production costing, and the financial pressures specific to manufacturing and engineering businesses.
Planning ahead means more cash back in your business.
TRUSTED IN MELBOURNE AND AUSTRALIA-WIDE
Don't take our word for it. Here's what our clients say about working with the Kidmans Partners team.
Related Services
Our integrated practice means your accounting, audit, and advisory needs are handled under one roof.
Independent financial audits, internal controls reviews, and assurance services for manufacturing and engineering businesses with complex reporting requirements.
R&D tax incentive claims, instant asset write-off planning, payroll tax, and proactive tax planning tailored to the needs of manufacturers and engineers.
Strategic advisory for manufacturing businesses focused on margin improvement, cash flow forecasting, equipment investment decisions, and succession planning.
NEWS & INSIGHTS
TAKE THE FIRST STEP
A complimentary initial call with one of our Senior Team Members. No obligation. No jargon. Just a clear plan for what comes next.
Frequently Asked Questions
The R&D Tax Incentive applies to experimental activities conducted for the purpose of generating new knowledge, where the outcome cannot be determined in advance. This includes product development, process improvement, and software development where a genuine experiment is involved. Activities that are simply applying existing knowledge or techniques generally do not qualify. We assess your development activities against the eligibility criteria and prepare your AusIndustry registration and ATO claim.
Eligible companies can claim a tax offset on their eligible R&D expenditure, which can result in a reduction in tax payable or, in some cases, a cash refund. The rate and amount depend on your company’s turnover, tax position, and level of eligible expenditure. We calculate your entitlement and manage the registration and claim process.
Inventory accounting tracks the value of stock on hand, including raw materials, work in progress, and finished goods. COGS (cost of goods sold) analysis breaks down the actual cost of producing each unit, including direct materials, labour, and allocated overhead. Without accurate COGS analysis, you may be pricing products incorrectly or failing to identify which product lines are actually profitable. We set up inventory accounting systems and produce COGS reporting tailored to your production environment.
The tax treatment depends on the cost of the asset, your turnover, and the depreciation method that applies. Temporary full expensing provisions have applied in recent years, allowing an immediate deduction for eligible assets, though these rules change and have specific eligibility conditions. We advise on the tax implications of equipment purchases before you commit, and structure the acquisition to maximise your deduction.
The EMDG is a government grant that reimburses a portion of eligible export promotion expenses for businesses looking to develop overseas markets. Eligible expenses include overseas marketing activities, trade show attendance, and promotional material. The grant is administered by Austrade, and applications are lodged annually. We assess your eligibility, identify claimable expenses, and prepare your EMDG application.
