The manufacturing and engineering sector is currently facing one of the most complex and challenging times, with increased competition, especially from overseas. At the same time, it has become increasingly dynamic and specialised, with a strong focus on innovation. These unique, sector-specific characteristics call for an equally dynamic and as specialised manufacturing and engineering accountants, we can assist.
Experienced manufacturing and engineering accountants
With over 40 years’ experience working with this sector, we have in-depth knowledge and experience of the issues the industry is faced with. This detailed understanding means that we can proactively advise you on how to run your business more effectively and maximise profitability.
Our expert services encompass tax, accountancy, finance and business advisory. We also understand businesses from an owners’ point of view, able to advise on business growth, succession planning and exit strategy as well as remuneration extraction.
Specialist services for manufacturing and engineering
- Advice on intellectual property and intellectual property protection
- Advising on business growth and financing of new developments/expansion
- Annual Investment Allowances, to maximise tax relief available on capital expenditure
- Business acquisitions, disposals, mergers, MBOs and exits
- Business valuations
- Construction Industry Scheme (CIS) tax advice
- Employee share schemes to motivate and retain staff
- Funding solutions, including financial forecasting and cash flow modelling
- Group restructuring and remuneration planning
- International support
- Making Tax Digital (MTD)
- Patent Box claims to reduce the tax payable on profits
- Research and Development Tax Credits (R&D)
- Succession planning
- Tax planning and corporate restructuring
Expert advice for Mergers, Acquisitions, Disposals and MBOs
Alexander & Co frequently advises manufacturing and engineering clients on acquisitions, mergers, disposals and MBOs, with experience of numerous transactions within the sector. We have excellent working relationships with financial institutions and other professionals and can assemble the best team to advise you.
Whilst this can be a time consuming and complex process, our specialist team will make this as hassle-free and as simple as possible. We provide strategic advice on meeting your goals and help at a transactional level by structuring deals to meet your objectives.
We provide expert advice at every step of the process from the planning and due diligence stage and staff incentivisation’s through to post-acquisition integration. Our highly experienced accountants can help locate potential target companies and help raise finance through our trusted close contacts.
Alongside this, we advise on tax efficiencies and our expert accounting knowledge gives a better assessment of the real value of a company. This will assist in mitigating valuation uncertainty and identify synergies to help provide the best likelihood of completing a deal successfully.
Tax incentives for business growth
Our specialist tax team is on hand to advice on the wide range of tax reliefs available to manufacturing and engineering clients. We have worked with numerous clients in reducing their tax liabilities and claiming back reliefs.
The manufacturing and engineering sector claims more Research and Development (R&D) Tax Relief than any other business sector and it is important to make sure your business is claiming what it is entitled to. This can be up to a 230% tax deduction on the amount they’ve spent on qualifying R&D expenditure or a cash payment for startup or SME companies which are loss-making.
Manufacturing and engineering is a capital-intensive industry, often with significant investment in plant & machinery. Capital Allowances can provide significant tax savings and given that the Annual Investment Allowance (AIA) has temporarily increased to £1,000,000 until 31 December 2020, this offers even greater opportunities to reduce your tax burden.
Other tax incentives we frequently advise manufacturing and engineering clients on include the Enterprise Investment Scheme (EIS) and The Seed Enterprise Investment Scheme (SEIS), Patent Box and Business Asset Disposal Relief (formally known as Entrepreneur’s Relief before 6 April 2020).
Contact us today
For more information on how we can help your business, contact us on 0161 832 4841 or email email@example.com.
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Throughout the pandemic, they have been on call 24 hours a day, advising us at all hours and nothing has ever been too much. "