Keeping Your Business in Fashion
Today’s global apparel industry is driven by innovative technology, efficient supply chains, and evolving consumer demands for sustainable, fast fashion. To stay competitive, businesses must modernize processes, manage global supply chains, and adapt to trends in automation and sustainability.
Effective inventory management is key to this success. Tracking costs, recording assets, and determining the overall value of your inventory at the beginning and end of each accounting period provide critical insights into your business’s performance. These metrics can help you make informed decisions, optimize cash flow, and plan for future growth.
Whether you need assistance managing inventory, optimizing supply chains, or positioning your company for future growth, MGO provides financial and operational solutions to help your apparel business thrive.
Solutions Tailored to the Apparel Industry
At MGO, we understand the unique financial and operational hurdles apparel companies face. Our tailored solutions can help you increase efficiency, maintain compliance, and fashion a strategy for long-term growth.
Audit Services
Accurate financial data is the foundation of stakeholder trust. With U.S. apparel retail sales surpassing $350 billion annually, precise reporting is essential. MGO’s audit services focus on accuracy, internal control evaluations, and finding areas for improvement to help you meet regulatory requirements while enhancing transparency.
Internal Audit, Risk, and Compliance
Global supply chains and labor-intensive processes present constant regulatory challenges for your apparel business. Our experienced team verifies compliance, strengthens internal controls, and mitigates risks, helping your company meet evolving standards while focusing on growth.
Management Advisory
Operational efficiency is key to staying competitive in the apparel industry. Our Management Advisory services find performance gaps, streamline operations, and align your business for sustainable growth — positioning you for success in a dynamic market.
Risk Management and Compliance
With e-commerce now accounting for 20% of U.S. apparel sales, risk management and compliance have never been more important. We develop strategies to help you maintain compliance with labor regulations, environmental standards, and consumer protection laws, keeping your business resilient.
Tax Credits and Incentives
Apparel companies can lower their tax burden and reinvest capital by using federal and state tax credits. With our proactive approach to documentation and extensive knowledge of research and development (R&D) and employee retention credits, you can maximize opportunities while minimizing risks like IRS scrutiny.
Business Tax Planning
We go beyond compliance to help your apparel company improve tax strategies. From entity structuring to operational reviews, we help you uncover opportunities to minimize risk and increase profitability — managing your tax obligations efficiently and effectively.
R&D Tax Credits
The apparel industry thrives on innovation, whether through sustainable materials or innovative designs. MGO helps you use R&D tax credits to support technological advancements and sustainable practices, key drivers of success in this $1.5 trillion global market.
Our Perspective, Your Benefit
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Related Solutions
Audit and Assurance
Assurance support is more than a function of compliance, it is an opportunity to see how your people, processes, and policies are driving your organization’s health. With the latest technologies, deep industry experience, and personalized guidance, we’ll show you real value beyond the numbers.
Enterprise Business Tax
Your goal is to drive growth on a large scale. Our goal is to identify strategic opportunities, streamline complexities, and deliver tax solutions that align with your enterprise’s needs.
Consulting
Take control of your organization’s future with a comprehensive suite of advisory services designed to meet your unique needs.
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Leaders Ready to Serve You
As you grow, you face complex risks and opportunities. Benefit from hands-on guidance focused on delivering top-to-bottom value for you and your organization.
Simon Dufour, CPA
Assurance Partner
Bradford Hall, CPA
Tax Partner