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Manufacturing and Engineering

Duncan & Toplis have worked with a wide range of manufacturing and engineering clients for many years. Our specialist team have first-hand experience in the industry and understand the current issues faced by businesses within the manufacturing and engineering sector.

Our approach means that we can navigate the complexities of government allowances and schemes on your behalf, ensuring that your business receives every possible resource available.

Our reach extends far beyond the borders of the UK - as we are a member of Kreston Global, we are able to assist with all of your international accountancy and taxation needs.

Choose Duncan & Toplis as your trusted partner.

Why choose Duncan & Toplis?

Our proactive approach and expertise means that we are able to keep clients one step ahead of the issues that may affect them. These include:

Research and Development Tax Credits

Are you aware of the UK Government’s Research and Development tax credit scheme, designed to encourage innovation by providing financial incentives to companies engaged in innovative activities in the fields of science and technology? Read more about this in our Research and Development Tax Relief flyer.

International support

For advice on export and import issues at this uncertain time, our membership of Kreston Global, enables us to extend our manufacturing and engineering accountancy services across borders. Whether you need an answer to a foreign tax question or advice on opening an overseas subsidiary, the close relationships we enjoy with our Kreston counterparts will ensure you receive a timely response.

We’re here to help

Our services spanning the manufacturing and engineering sector range from assurance and tax returns, to payroll and financial management. Get in touch today to find out how we can assist you and your business.

Annual Investment Allowance

The Annual Investment Allowance enables UK businesses to write off 100% of the cost of newly acquired assets such as plant, machinery, equipment & commercial vehicles in the first year of ownership. The amount of the allowance has been subject to regular changes since its introduction in 2008 and is currently increased to £1m for 2 years from 01 January 2019. As manufacturing is a capital-intensive industry, this increase in the AIA threshold significantly helps productivity, but timing of expenditure is important for tax planning and therefore businesses are advised to seek advice from a specialist in tax planning for the sector.

Shortage of skills and succession plans

Due to the nature of the industry, the need for highly skilled workers is at an all-time high, and the existing gap between the level of qualified workers entering the industry and actual demand is only set to increase. To accommodate this, succession planning is required to ensure that jobs are filled as employees retire from the profession over time. For this reason, it is important that manufacturing and engineering organisations seek proactive advice from an accounting firm that understands the complexities within the sector, to ensure that the right planning is in place to address such major issues. Our manufacturing accountant team has extensive experience within the sector and will help you every step of the way.

Access to finance

We understand the high costs of investment associated with purchasing equipment and machinery can be challenging to manage and the implications they may have on your cash flow.

We can work with you to identify the funding opportunities available to bridge the gap between paying your suppliers and receiving payment from your customers.

Book your free access to finance consultation today!

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