Accountants for Engineers

Accounting for Engineering Firms

Whether you’re an independent contractor or own a limited company, you need an advisor who understands your fast-paced, dynamic industry. At Knowles Warwick, we specialise in accounting for engineering firms, serving clients in Sheffield and throughout South Yorkshire with exceptional accountancy services. Our commitment is to provide tailored business advice and dedicated support that addresses the unique financial needs of the engineering sector, helping you achieve your business aspirations.

Our comprehensive range of specialist accounting services includes compliance, tax planning, corporate finance, capital allowances, and strategic planning, helping you to meet your legal requirements, improve operational efficiency, and grow your business sustainably.

Tax Advice for Engineers

If your engineering business employs contractors, freelancers and self-employed engineers, our tax advisors and payroll specialists could help you navigate the constantly changing labyrinth of IR35 legislation and HMRC requirements. We’ll help you identify whether your workers need to be treated as employees, manage your subcontractors’ pay each month, and ensure full compliance with industry regulations. This saves you time and money, allowing you to focus on growing your business and making data-driven decisions.

Our range of corporate and personal tax services for businesses and their directors includes tax efficiency preparation, maximising allowable expenses, and assistance with R&D tax credits applications. Suppose your business is eligible for Research and Development tax relief. In that case, we’ll make the relevant claims, reducing your tax liabilities and giving your firm a much-needed cash injection to support innovation and sustainable growth.

Protection from a Tax Investigation for Engineering

Our Tax Investigation Scheme provides protection from the potentially sky-high accountancy fees associated with an HMRC enquiry. For an annual fee, you can rest assured that if an enquiry into your tax affairs does arise, we will support you throughout the process and ensure that the investigation is brought to a swift and satisfactory conclusion, causing as little disruption to you and your business as possible.

Dedicated Team and All-Inclusive Package

When you work with Knowles Warwick, you gain unlimited access to a dedicated team of specialist engineers’ accountants who possess deep industry experience. You will have a direct dial to your personal accountant, ensuring expert advice is always just a phone call away. Our all-inclusive package covers bookkeeping, VAT returns, payroll, financial audits, and auditing services, providing you with comprehensive support to maintain financial accuracy and regulatory compliance.

Get in touch with our accounting for engineering firms experts to discuss the specific needs of your business, call 0114 274 7576 or email bestadvice@knowleswarwick.com