Harvest Foods Success Story

Client Background

Harvest Foods is a mid-sized food manufacturing company specializing in organic snacks and prepared meals. With annual revenue of $12 million and 45 employees, they were experiencing rapid growth but facing challenges with cash flow management, tax planning, and financial reporting.

The Challenge

When Harvest Foods approached Schapira CPA, they were dealing with several financial challenges:

Inconsistent cash flow affecting their ability to plan for expansion
Lack of clarity around available tax incentives for food manufacturers
Inefficient financial reporting processes causing delays in decision-making
Uncertainty about how to structure their finances for planned growth

Our Approach

We implemented a comprehensive financial strategy tailored to Harvest Foods' specific needs in the food manufacturing industry:

Financial Assessment

We conducted a thorough analysis of their financial operations, identifying inefficiencies and opportunities for improvement.

Cash Flow Optimization

We implemented new forecasting tools and inventory management practices to stabilize cash flow.

Tax Strategy Development

We identified several industry-specific tax credits and deductions, including R&D credits for new product development.

Financial Reporting Overhaul

We streamlined their reporting processes, providing management with real-time insights into financial performance.

Results Delivered

Our partnership with Harvest Foods yielded significant results:

30% improvement in cash flow predictability
$175,000 in tax savings through proper application of food manufacturing credits
50% reduction in time spent on financial reporting
Successful securing of $2 million in growth financing based on improved financial position

Ongoing Partnership

Today, Schapira CPA continues to serve as Harvest Foods' trusted financial advisor. We provide quarterly business reviews, ongoing tax planning, and strategic guidance as they expand into new markets and product lines.

Company Profile

Industry: Food Manufacturing

Size: 45 employees

Revenue: $12 million

Location: Portland, Oregon

Services Provided:

Tax Planning & Compliance
Cash Flow Management
Financial Reporting
Strategic Advisory

Harvest Foods production facility with geometric patterns symbolizing growth and sustainability

Harvest Foods' state-of-the-art production facility

"Schapira CPA transformed our financial operations. Their industry-specific knowledge helped us identify tax savings we didn't know existed, and their strategic guidance has been invaluable as we've grown."

Sarah Johnson