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Manufacturing & Engineering

We advise a broad range of clients in the manufacturing and engineering sector, find out how we can help your business to grow.

How we can help you…

Following the introduction of tax initiatives such as Patent Box, Capital Reliefs and Research and Development Tax Relief, we have been working with a number of manufacturing businesses in the North East to help them recover money spent in these areas, with a 100% success rate on R&D tax relief claims, saving our clients over £27 million to date.

In addition to our core accountancy, tax, audit and payroll services, we can provide your manufacturing business with a range of tailored services, including:

  • Business services: statutory audit, statutory accounts preparation and statutory grant reporting
  • Business services advisory: FRS 102 and FRS 102a conversion reviews, outsourcing and internal systems
  • Tax compliance services: corporate tax returns, tax strategy and personal tax planning
  • Understanding and claiming Research & Development tax credits
  • Specialist tax advice, including transaction advice, patent box and capital allowances
  • Developing business strategy
  • Preparing your business for sale, growth or investment
  • Succession planning
  • Assisting with routes to finance via our large network of bankers, invoice financiers and grant providers
  • Managing cash flow through interest and exchange rate fluctuation
  • Advising on important investment and funding decisions regarding new plant and machinery
  • Helping you to develop an export strategy, including trading abroad via our network of global associates as members of Baker Tilly International
  • Managing costs such as increasing staff costs and workplace pensions
  • Director, Management and team incentivisation schemes – helping you to keep your talent
  • Minimising risk from pricing and supply fluctuations

 

Take a look at our Manufacturing & Engineering publications to find out more about the sector.

 

MHA Manufacturing & Engineering Report 2016/17

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How will Brexit affect the Manufacturing sector?

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We are proud to be the Preferred Suppliers of the Advanced Manufacturing Forum and the County Durham Engineering & Manufacturing Network

AMF Signature Preferred Supplier                                                            cdemn-footer

We chose to move our accountancy needs to Tait Walker some years ago, and, quite frankly, we haven't regretted our decision for one minute. Their contribution at our Board Meetings has invariably been appropriate and beneficial while their advice on R&D Tax Credits has really paid dividends. Ultimately, we are delighted to be working so closely with a North East based practice and we would hope to continue to do so for many years to come.

Geoff Ford MBE – Chairman Ford Aerospace Ltd and Ford Components Ltd

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If you are seeking advice and would like an informal chat without fee or commitment, then please get in touch.