Accounting for Engineering firms
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 offer tailored business advice and dedicated support that addresses the unique financial needs of the engineering sector, assisting you in achieving your business aspirations.
Our comprehensive range of services include compliance, tax planning, corporate finance and strategic planning; helping you to meet your legal requirements and grow your business at the same time.
Tax Advice for Engineers
If your engineering business employs contractors, freelancers and self-employed engineers, our tax advisors and payroll specialists could help you to navigate the constantly-changing labyrinth of IR35 legislation. We’ll help you identify whether your workers need to be treated as employees, and manage your subcontractors’ pay each month, saving you time and money by allowing you to focus on growing your business.
Our range of corporate and personal tax services for businesses and their directors will save you time and money, and ensure you always remain compliant. And if your business is eligible for Research and Development tax relief, we’ll make the relevant applications, reducing your tax bill and giving your firm a much-needed cash injection.
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.
Get in touch with our accounting for engineering firms experts to discuss the specific needs of your business, call 0114 274 7576 or email firstname.lastname@example.org.
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The UK left the European Union on 31 December 2020, and the impact of Brexit on self employed small businesses and contractors has been huge.
The new IR35 rules, which will bring the private sector in line with the public sector, will now come into effect on 6 April 2021