Why Wipfli?
Wipfli brings a client-first approach and decades of experience in serving transportation and logistics companies, giving us critical insight into your industry-specific needs.
We take the time to learn your routes, contracts and constraints, then tailor practical solutions that fit how you operate. Our local relationships are also backed by national and global resources, giving you the support you need to navigate complex tax, operational and supply chain issues with confidence.
Wipfli can help you navigate critical audit and accounting areas, including lease accounting and tracking, ASC 606 revenue recognition and financial statement reviews. Our team also goes beyond reporting to deliver insights that can support strategic decisions and operational improvements.
Wipfli’s tax professionals help distributors uncover opportunities and stay ahead of evolving regulations, including support for optimizing entity structure, cost segregation, credits and incentives and SALT. We also provide international tax support, from compliance to transfer pricing.
Stay ahead of disruption with digital solutions designed for a fast-moving industry. Wipfli can help you strengthen cybersecurity to protect sensitive data and operations at any stage of your digital transformation. Unlock improved performance and decision making with our digital strategy, enterprise solutions, warehouse management systems and advanced data and analytics support.
Wipfli can help you improve performance and resilience with support for strategy development, operational efficiency and leadership development. Whether you’re preparing for new growth, navigating change or transforming supply chain management, our tailored consulting services help you find the right path forward.
Free up internal resources and gain specialized support for your back office with Wipfli’s outsourcing services. We provide comprehensive support, including fractional C-suite services, for your accounting, HR and IT functions. Let us focus on strategy and day-to-day tasks so you can focus on growth.
Wipfli’s end-to-end transaction advisory services can help you minimize risk and maximize value for your deal. We provide comprehensive valuation and due diligence, including quality of earnings analysis, to help you navigate complex transactions.
Wipfli provides personalized strategies to help protect your legacy. With support for gift and estate planning, wealth management and business transition planning, we help you bridge the gap between personal and business finances and your goals.
Identifying and managing risk is essential to protecting your business and maintaining operational resilience. Wipfli’s risk advisory team can help you assess vulnerabilities, strengthen internal controls and build strategies that support long-term stability.
Reach out to our team
Let ’ s talk about how we can help make your transportation and logistics business more resilient, efficient and profitable. Connect with our industry advisors to share your biggest challenges and get a roadmap to solve them.
Insights and resources
ARTICLE
Section 122 tariffs: 10% now, 15% may be next
Manufacturers, distributors and the importing community remain on standby as senior Trump administration officials indicate that they intend to increase the Section 122 tariff rate from 10% to the maximum allowed 15%. On February 20, President Trump announced he would invoke tariffs under Section 122 of the Trade Act of 1974 as a “balance of payments” matter to replace the global and sweeping International Emergency Economic Powers Act (IEEPA) tariffs that just hours earlier the U.S. Supreme Court had ruled illegal. Why did Section 122 replace IEEPA tariffs? Following the Trump administration’s removal of the IEEPA tariffs at midnight ET on February 24, the U.S. immediately implemented 10% Section 122 tariffs starting at 12:01 a.m. that same morning. These Section 122 tariffs, which stand at 10% but are expected to increase to 15% , are scheduled to expire at 12:01 a.m. on July 24, 2026, if not halted earlier through court challenges. The potential rate change, combined with court challenges and an expected expansion of Section 301 tariffs this summer, will require manufacturers and distributors to reexamine the impact of the changing tariff landscape on their operations. In addition to current tariffs imposed under section 232 and section 301, the Trump administration has announced additional investigations under section 232 and section 301, targeting many different U.S. trading partners and goods. It’s expected that the administration will expedite the Section 301 investigation processes in particular, accelerating the imposing of tariffs as the Section 122 tariffs expire in late July. How do importers claim tariff refunds? If you are the importer of record and have paid IEEPA tariffs since they were imposed in February 2025, you are eligible for refunds of those tariffs. Here are some key points pertaining to the refund process: Use your ACE (automated commercial environment) account to begin the refund process. Within the ACE account, your business will need to create a CAPE (consolidated administration and processing of entries) system. At the end of March, Customs and Border Patrol (CBP) provided an update to the Court of International Trade (CIT) noting that they were more than halfway through the process of finalizing the claim portal, the review/liquidation process, refunds and mass processing. Approximately two-thirds of refunds will be granted during phase one of the refund process. This will apply to all unliquidated IEEPA tariffs paid and IEEPA entries that remain within the 90-day voluntary reliquidation window. For all entries that have been fully liquidated, the CIT has changed its original ruling and will now also manage those in the CAPE system, but in subsequent phases. Issues for businesses that are not the importer of record If you are not the importer of record and, therefore, do not have all or a portion of IEEPA tariffs paid tracked in the ACE system, but you paid IEEPA tariffs to a customer or supplier, keep in mind these considerations: You should still consider seeking refunds, but the process will be far less straightforward. If you worked with a supplier to cover a portion of IEEPA specific tariff costs they paid, you need to review and document the specific IEEPA tariffs you paid and determine what the total tariffs paid were. Note that when calculating total IEEPA tariffs paid, you must exclude any tariffs you took on from your supplier for Section 232 or Section 301 tariffs. Your supplier is likely not obligated to refund you the IEEPA tariffs paid, even after they get refunded via the CAPE portal as the importer of record. As a result, it’s important to talk to your supplier and understand their plan for refunds. Have documentation ready on the IEEPA tariffs you paid to help ensure you are refunded what you are owed after your supplier has been refunded. Read more IEEPA tariff refunds: The recent CIT ruling and Section 122 updates Supreme Court IEEPA tariff ruling released Protecting your manufacturing business amidst tariff changes
WEBINAR | March 5, 2026
What’s new in NetSuite 2026: AI-powered ERP for distribution
This webinar offers a focused look at what’s new for distributors in NetSuite’s 2026 releases , including AI‑enabled capabilities designed to streamline operations, improve decision‑making and strengthen the supply chain from end to end. Watch this webinar to learn how to: Unlock operational efficiency across the distribution life cycle using modern ERP tools that streamline inventory, warehousing, procurement and fulfillment. Improve accuracy and decision‑making with real‑time data and AI‑powered insights that strengthen forecasting, reduce stockouts and increase order reliability. Prepare for the future of distribution with emerging ERP trends — beyond AI — that support more agile, scalable and resilient operations. Smarter distribution starts with a modern, AI‑powered ERP foundation. Explore how NetSuite’s 2026 capabilities can accelerate your digital transformation — helping your team move faster, improve accuracy and operate with greater agility. See what’s possible with NetSuite for distribution.
WEBINAR | February 12, 2026
Beyond AI: The new era of digital transformation in ERP
Digital transformation in ERP isn’t just about AI. It’s about building connected, agile enterprises that can adapt quickly to change. In this session, we’ll explore how ERP platforms are evolving to meet industry-specific challenges — and how organizations can prepare for ERP-driven transformation. You’ll learn: Why ERP is the foundation for digital transformation in MRD. Key trends — beyond AI — that will shape ERP in 2026 and beyond. Practical strategies for using ERP to improve agility, visibility and growth. How leading organizations are tailoring ERP solutions to meet industry-specific needs. Step back from day-to-day system decisions and think more strategically about the role ERP plays in your organization’s future. This one-hour session will help you move beyond point solutions and toward a more integrated future.
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