We Can Help Your Financial Future Reach New Heights

You’re an established presence in the Manufacturing, Distribution, or Retail industry, which means your days are focused on combatting tough operational issues with innovative and streamlined processes such as Lean Manufacturing. With cost-conscious customers and the pressure to keep prices competitive, you need a relevant advisor who will strengthen your financial foundation as you experience your next level of growth. There is a way to execute orders on time and on budget today while also planning for your company’s future, and that’s why we are here to help. Whether it be retaining skilled labor or coping with an uncertain national economy, we have solutions that will help ease your burdens and help you reach your future goals.

While you create tomorrow’s products, we lay the groundwork for your future success. As an established, full-service firm with some of the largest and most recognized manufacturers in New England, DiSanto, Priest & Co. can help your financial future to new heights. Our unique hybrid taxassurance, and advisory services were designed for established Manufacturing, Distribution, and Retail companies like yours. You get one team with the training and credentials to handle all of your needs. And as your company grows, our specialized tax, audit, and advisory services grow with you.

Helping You Keep Your Competitive Edge

You’re constantly innovating, reinventing and improving your processes and products in order to stay on the cutting-edge. But it takes more than great products and processes to stay competitive in today’s business and political landscape. Whether it’s understanding compliance and regulatory restrictions or managing costs and budgeting, the future of your company depends on addressing these challenges. Our local RI CPAs have the strategic skillset and financial foresight to help your company stay ahead of the curve. Life’s too short. Plan proactively so you can enjoy today instead of worrying about tomorrow.

Our Local CPAs Make Your Products Our Business

We’re one of Rhode Island’s top accounting firms, and we pride ourselves on understanding the Manufacturing, Distribution, and Retail industry and the unique challenges you face in today’s ever-changing business and political landscape. Our network of industry-specific professionals offers valuable experience in the unique compliance and regulatory requirements that affect your ability to stay competitive. We’re even members of manufacturing organizations, such as Rhode Island Manufacturers Association (RIMA). Because you don’t need just another accounting firm – you need a relevant financial advisor who specializes in Manufacturing accounting.

RIMA’s Pledge for COVID-19 Workforce Precautions
Join the Rhode Island Manufacturing Association’s Pledge for responsible workforce precautions in response to COVID-19.
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Can Your Business Benefit from the Work Opportunity Tax Credit?
There has never been a better time for businesses to determine their eligibility for the employment-based Work Opportunity Tax Credit (WOTC).
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The Maker Movement — Feeding Today's Manufacturing Industry
As the Maker Movement has gained ground and attention, mutually beneficial relationships have been forged between traditional manufacturers and entrepreneurial start-ups.
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Dealing with the Changing Landscape in the Manufacturing Workforce – Part 2
In Part 1 of this series, we outlined the transitional and educational challenges that the manufacturing workforce is facing.  We identified two specific tactics to address these challenges: 
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Dealing with the Changing Landscape in the Manufacturing Workforce - Part 1
Manufacturers are facing transitional and educational challenges in their workforce, now more than ever.
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New Tax Incentive for US Corporations Exporting Goods or Services to Foreign Markets
For tax years beginning after December 31, 2017, the Tax Cuts and Jobs Act (TCJA) provides a new permanent deduction for domestic C-corporations that generate income from serving foreign markets. The deduction would reduce the federal tax rate on such income from 21% to 13.125% (increasing to 16.41% after 2025).
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Consider QuickBooks Bank Feeds to Save Time
Setting up a data interface between your QuickBooks file and your bank can dramatically reduce the time burden created by the manual data entry of transactional activity.
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Rhode Island Innovation Voucher Program
Rhode Island’s Commerce Corporation will begin offering grants to companies performing research and development in partnership with local universities, research centers, or medical centers.
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Physical Presence No Longer Required for Sales Tax
In a 5 - 4 decision, the Supreme Court ruled in favor of state authority to require online retailers to collect sales taxes without regard to physical presence in the state. Although states stand to gain much-needed tax revenues, there may be consequences for online retailers that do business in multiple states.
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Taking Control of SOC Report Requests & Distribution
One of the ways firms and their business clients are utilizing a clearinghouse is for SOC report distribution – a process that is becoming more challenging to manage as an increased focus on third-party controls has led to a rise in requests for reports.
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Authenticated Financial Information
There is growing demand today for accurate, authenticated financial information. While technology has positively impacted the speed and accessibility of information, it has also created new ways to alter and compromise information.  
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FBA: Creating Nexus for State & Local Tax Purposes
Many businesses are selling their products through the Amazon FBA program (Fulfillment by Amazon), expanding their businesses' nexus footprint for state and local taxes.
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How to Assess Your Company's Financial Health
We receive regular checkups to monitor, maintain, and improve our health. But did you know that you should do the same for your company?
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The Importance of Strategic Planning
Is your company future ready? We are living in a time of rapid change around the world. Consider a Strategic Planning Engagement to ensure success.
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New Year and New Tax Laws Bring Change to Estates and Gifts
As we continue to welcome in the first quarter of 2018 and the new tax bill, let's take a quick look at what has changed and what remains the same.
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Tax Reform Highlights for Manufacturers
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA) into law, enacting the largest changes to corporate and individual taxation in over 30 years. We've highlighted the most important points for manufacturing, distribution and retail organizations.
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Great News For Small Businesses That Qualified For Research Credits in 2016
Wage-paying small businesses with minimal taxable income can now take advantage of their research credits sooner than was allowed under the previous tax rules.  The Protecting America from Tax Hikes Act of 2015 allows qualifying small businesses to apply research credits against the social security portion of its federal payroll tax bill.
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The New Lease Accounting Rules - January 2020 Is Not That Far Away
The new FASB lease accounting standard will likely need to be addressed sooner than many private businesses realize.  For privately held calendar-year-end companies it takes effect in January 2020.
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Anchor Institution Tax Credit
In boating, an anchor is a mechanism used to hold a ship steady.  In television, an anchor is a person who presents and coordinates.  In sports, an anchor is the person on the team with the best ability.  In Rhode Island, an anchor is a business that orchestrates the creation of new jobs.
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Take Advantage of Bonus Depreciation Before Year End
Bonus depreciation's job is to spur economic growth through investment, or reinvestment, in business property within the United States.  Whether you're a manufacturer looking to expand your operations or simply looking to update your equipment, bonus depreciation can help you accelerate tax savings. 
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Interactions with technology are advancing at an exponential rate, and so are the risks of a cyber-attack. It seems like every other day there is another story in the news of a malicious virus sweeping the global marketplace and negatively impacting local economies.
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Gearing up for the New Revenue Recognition Rules
Though it has been publicized that certain “contract-based” industries - telecommunications, technology, engineering, media, and pharmaceuticals, to name a few – will be impacted by the new revenue recognition rules the effects are in fact more far-reaching and will apply to all companies, public or private.
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5 Compelling Reasons to Consider Solar for Your Manufacturing Business
Technology in the energy industry is evolving at a rapid pace.  Solar panels are becoming leaner and more efficient – providing more capacity at a lesser cost, mimicking the path of more traditional computer hardware.  Below are 5 reasons why we believe solar is worth considering today to boost your bottom line.
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One More Reason to Expand your Tech Business in Rhode Island
Are you currently operating a business in Rhode Island and looking to expand?  Perhaps you have a business outside of RI that you’re looking to relocate.   Rhode Island, in an effort to attract and retain new and existing businesses, enacted the New Qualified Jobs Incentive Act in 2015 and has already awarded several job creators significant annual, redeemable tax credits that have allowed them to make expanding or relocating to RI more financially feasible. 
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