If you are in the business of turning raw materials into usable goods then you can be sure that Alexander Myerson & Co Limited have the right team with the right level of experience in the Accounting for Manufacturers sector to handle all of your accounting requirements.
There are so many types of businesses that fall within this sector, whether it be clothes and textile manufacturing, the latest computer technology or food production to name but a few. Whatever your business is you can be sure that we have the expertise to add real value to your business.
As well as the routine work such as Accounts Preparation, Audit, Personal and Corporate Tax, Tax Planning, Vat, Book-keeping and Payroll, we regularly provide advice on claiming R&D (Research and Development) Tax Credits to help reduce tax liabilities. We also advise our clients on the Patent Box regime which was a tax incentive introduced in 2013 designed to encourage companies to make profits from their patents by reducing the UK tax paid on these profits.
If you are looking to expand and purchase new machinery and equipment then we are happy to assist in raising new finance with Financial Institutions by assisting with forecasts and projections. We have assisted many of our Manufacturing businesses in planning and taking advantage of recent generous capital allowances available, constantly monitoring the situation to ensure maximum relief is obtained when available.
Therefore, if you are looking for Accountants who have the expertise and know-how to help take your business forward and ultimately increase profits whilst paying the least tax that is legally possible then contact our team at Alexander Myerson & Co Limited.
Who can help
As well as the obvious implication of where will the money or finance come from to acquire machinery there are important tax implications as a consequence of the method of purchase that needs to be considered. We are happy to go through these so that the right choice that is best for you can be made.
You can claim capital allowances when you buy assets that you keep to use in your business. We assist with tax planning to ensure the timing of your relief is the most tax advantageous.
Costs are incurred in turning raw materials into finished products. We can provide you with a step by step guide that will help you calculate your work in progress.
Historically grants have been available in this sector. Contact us to find out more and any available grants that we are currently aware of.