Manufacturing Accountants

Accountants for Manufacturing

As a proudly Sheffield-based business, we understand the unique pressures faced by the manufacturing industry. Operational challenges, employment issues, and financial constraints can cause uncertainty, but our experienced manufacturing accountants are here to help you face these obstacles and guide you through every step.

In addition to the usual business support services, we provide comprehensive manufacturing accounting services that include strategic planning, corporate finance, tax planning, and financial processes management. Our expert specialists assist with raising funding, restructuring current borrowing, advising on buying and selling businesses, and more, all tailored to the manufacturing sector.

Tax Advice for Manufacturers

Whether your manufacturing company operates entirely within the UK or exports products overseas, our specialist manufacturing accountants can help you navigate the complex tax regulations and ensure full tax compliance.

If you’re a UK based business looking to expand into new markets abroad, or you’re an overseas company wanting to branch out into the UK, whether simply by exporting or by setting up a subsidiary, our specialist international advisors can help. We also provide our expat clients with personal tax planning as well as business advice and support for those with companies in the UK and abroad.

Tax Reliefs and Credits for Manufacturing

As a manufacturing business, it’s highly likely a proportion of your manufacturing operations includes research and development of new technologies, methods and products that could benefit your entire industry. We could assist you with an application for R&D tax credits and relief, which could result in a refund of some of your R&D costs, allowing you to reinvest funds into your business.

Managing Production Costs and Cash Flow

Effective management of production costs and cash flow is vital for any manufacturing business striving to remain competitive. Our manufacturing accountants help you control production costs through accurate financial records, robust internal controls, and insightful financial reporting. We also provide cash flow forecasts and cash flow management strategies to ensure your business maintains financial health and operational efficiency.

Inventory Management and Supply Chain Support

We understand the unique challenges of managing inventory and supplier payments in the manufacturing sector. Our accounting functions integrate with your inventory systems to optimise stock levels, reduce holding costs, and improve supply chain efficiency. This integrated approach supports better business performance and strategic decision-making.

Capital Allowances and Depreciation Schedules

Our specialists advise on capital expenditure planning, including the management of depreciation schedules and claiming capital allowances on machinery and equipment. This expertise helps you maximise tax efficiency and reduce tax liabilities, contributing to a healthier bottom line.

Financial Planning and Compliance Services

We offer comprehensive financial planning services, including financial forecasting and budgeting tailored to production cycles. Our compliance services ensure that your manufacturing business meets all regulatory requirements, including audit services and maintaining compliance with tax regulations.

In addition to the usual business support services, we also provide a holistic business advice package incorporating strategic planning, corporate finance, tax planning and financial services. Our expert corporate finance specialists can help you to raise funding, restructure any current borrowing, advise on buying and selling businesses, and more.

 Get in touch with us to discuss the specific needs of your manufacturing business, call 0114 274 7576 and ask for our Corporate Services Manager, David, or email david.waterfall@knowleswarwick.com.