FGMK's Food Industry Practice provides specialized audit services (as well as other attestation services), tax and consulting services for companies in the Food Industry. The three major areas of focus of the FGMK Food Industry Practice are:
- Production
- Distribution
- Retail/restaurant/food service
Production- FGMK serves clients that manufacture, produce and/or process food products.
Distribution- FGMK focuses on clients that distribute domestic and imported food and food-related products domestically and internationally.
Retail/restaurant/food service serves clients in grocery, specialty food stores, restaurants, hotels and institutional food providers that manufacture, process, and distribute products both domestically and internationally.
Our Food Industry clients are engaged with the following types of foods, among others:
- Meats of all types - both raw and ready to eat
- Cheese and Dairy
- Imported high-end specialty foods and beverages
- Breads
- Sauces, Cooking oils, mustards, condiments
- Bakery products
- Baked beans
- Candy
- Frozen foods
- Grocery
- Specialty items
- Pizza products, toppings and supplies
- Food additives
- Other restaurant food and paper supplies
The FGMK Food Industry Practice professionals provide food industry clients with an array of consulting services, a few of which are listed below:
- Financial forecasting, budgeting and modeling
- Mergers and acquisitions, succession planning and strategic planning
- Purchasing companies
- Transfer pricing
- IC-DISC strategic planning
- Research and Development strategies and tax credits
- Internal control and risk solutions
- Succession planning
- Key management retention plans
- Employee benefit plan design and compliance
- Multi-state tax assessment and planning
- Local and State Tax Incentives
- Profitability and operational analyses
- Financing assessment, structuring and negotiation
- Debt restructuring
- Cost segregation studies to enhance tax depreciation deductions
- Business valuation
- Information technology and point of sale implementation
- Equipment leasing studies