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Mark Thomson, CPA

Mark Thomson, CPA

Author's details

Name: Mark Thomson, CPA
Date registered: September 12, 2013



Mark has been with Ostrow Reisin Berk & Abrams, Ltd. since 1980 and became a director in 1991. His career has been focused on providing financial and business advisory services for a variety of industries, including manufacturers, distributors and various service organizations. For these clients, he provides guidance on a full range of services, including audits, reviews and compilations, strategic management and income tax planning.

Mark has extensive experience with buy/sell situations and has helped clients plan for, and complete, their sales transactions. He also provides clients with consulting and planning services that maximize the goals of each organization. Mark has published articles on various manufacturing issues and led seminars covering several costing topics. He has been involved in litigation support and insurance loss engagements. He has also led the firm’s Employee Retirement Plan audit group.

Latest posts

  1. Worker Classification Matters — October 9, 2017
  2. Waste Not, Want Not: Audit Warehouse Operations for Inefficiencies — January 6, 2017
  3. Manufacturing and Distribution Group Newsletter — Spring 2016 — June 27, 2016
  4. Following the New PATH: Recent Tax Law Extends Depreciation-Expensing Tax Breaks — and More — April 19, 2016
  5. Leading Lean Means Walking the Walk — October 14, 2014

Author's posts listings

Oct 09

Worker Classification Matters

Many employers mistakenly believe that the misclassification of employees as independent contractors does not really matter, so long as contractors satisfy all of their tax obligations. This could not be further from the truth. This article explains the stakes involved when employers classify workers as employees or independent contractors.

Jan 06

Waste Not, Want Not: Audit Warehouse Operations for Inefficiencies

Management can never be too busy to review how warehouses are laid out and how employees move around the space. Small adjustments can make a big difference in the bottom line. This article offers three steps toward more efficient warehouse management.

Jun 27

Manufacturing and Distribution Group Newsletter — Spring 2016

ORBA’s Manufacturing and Distribution Group Newsletter is a quarterly publication focused on effective manufacturing and distribution management. The Spring 2016 issue includes two articles, “Strategic Alliances: Leverage Strength and Minimize Weaknesses” and “The Importance of Using Qualified
Employee Benefit Plan Auditors”

Apr 19

Following the New PATH: Recent Tax Law Extends Depreciation-Expensing Tax Breaks — and More

Creating a three- to five-year capital expenditures budget is important for manufacturers and distributors since they tend to invest heavily in equipment, technology upgrades and leasehold improvements. Among numerous other provisions, the Protecting Americans from Tax Hikes (PATH) Act of 2015 retroactively reinstated many tax breaks related to depreciating these assets which can affect the timing of when companies will place these assets in service. This article provides details on some depreciation-related breaks that have been permanently carved into the IRS rules and others that have been extended for several years. It also highlights the importance of planning ahead to reap the full benefits of the broad-reaching PATH Act.

Oct 14

Leading Lean Means Walking the Walk

The road to excellence in lean manufacturing can be never-ending, but excelling in lean leadership can make it less bumpy. Implementing lean principles can improve quality, timeliness, capacity, customer satisfaction and overall profits to the company. This blog explores the value and importance of lean leadership.

Mar 18

Inventory: An Often-Overlooked Asset

Inventory – is it an asset or a liability with a host of hidden problems? True, it is an asset shown on the balance sheet, but what is inside that number? And, more important, how can an owner or CEO stay informed as to how that line item affects the company’s bottom line results?

Oct 15

Big Data Strategies for Manufacturers and Distributors

“Big data” is a marketing buzzword used to describe any large set of electronic information that can be analyzed by businesses to increase efficiency. This article explains how, using these latest customer-behavior analytics applications, manufacturers and distributors can crunch their internal databases to see how their conclusions compare to those of their competitors, as well as more effectively analyze, track and predict their customers’, employees’ and inventory’s behavior.

Sep 10

Manufacturing and Distribution Group Newsletter – Fall 2013

Welcome to ORBA’s Manufacturing & Distribution Group Newsletter, a quarterly publication focused on effective businesses management for the manufacturers and distributors.