If you require services beyond the scope of The DPAD Group’s Practice Areas, please consider the following firms:
Global Tax Management (GTM) focuses exclusively on delivering corporate tax services to mid-size and large multinational, public, and Fortune 500 companies.
LIFO-PRO, Inc. – LIFO inventory accounting services and software
LIFO-PRO, Inc. has a nationwide practice providing LIFO inventory accounting services and software to companies of all sizes all over the U.S. We are the only LIFO inventory accounting services provider that is not part of a large multi-national company. The LIFO-PRO software that we created is the only non-auto dealer software available. We provide LIFO services and software both directly to companies but also to about 60 different CPA firms.
The reasons we have been able to help hundreds of companies and their CPAs are:
- Most companies now make LIFO calculations using spreadsheet-assisted manual schedules
- LIFO expertise is in short supply for the LIFO taxpayer and their CPA firm
There are upwards of 20,000 different companies using the LIFO method and it is very rare when we find LIFO calculations that are made accurately or for which optimum LIFO methods or LIFO calculation processes are used.
LIFO expertise is in short supply in CPA firms because so few CPAs have enough clients using LIFO to justify the time required for them to become LIFO experts. Accountants at companies using LIFO may spend a lot of time with LIFO accounting but might develop expertise only in certain aspects of the calculations and with respect only to the methods and processes used by their company. Turnover and promotions dilute the in-house LIFO expertise and comprehensive documentation of methods and processes is very rare.
Lee Richardson, the LIFO-PRO, Inc. founder is by far the most experienced non-auto dealer LIFO practitioner in the U.S. with over 70,000 hours of non-auto dealer LIFO experience spanning 35 years. As the only CPA in the U.S. with LIFO as his sole practice, Lee played a significant role in the development of the IRS IPIC LIFO Regulations issued in January, 2002, and helped ensure that several provisions helpful to many taxpayers were incorporated in the final Regulations.
LIFO-PRO, Inc. is the leading provider of LIFO accounting services because:
- We have much more LIFO experience than all others
- We have the only non-auto dealer LIFO calculation software
- We are more nimble that the multi-national service providers
The combination of the advantages described above is why we can get things done quickly without creating huge projects for work that does not need to be a huge project. The ability to do this requires less time and results in lower fees for our clients.
920 S. 107th Ave, Suite 301
Omaha, NE 68114
Toll-Free Fax: 877-848-6583
Principal employees: Lee Richardson (President & Owner), David Roads and Bob Richardson
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