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chartered accountant Manufacturing Tax 
Menzies
OCTOBER 30, 2024
Menzies LLP - A leading chartered accountancy firm. Innovation – as this is integral to the continued success of UK manufacturing. Committing over £2 billion in R&D and Capital funding over 5 years to support the automotive sector, including the zero emissions vehicle manufacturing sector and supply chain.
Menzies
MARCH 6, 2024
Menzies LLP - A leading chartered accountancy firm. 50m Apprenticeship Growth Sector Pilot The lack of skilled labour impacts on productivity and the competitiveness of the UK manufacturing sector, and with this in mind the £50m Apprenticeship Growth Sector pilot for advanced manufacturing is a positive step.
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The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Building a Business Case for Finance Automation
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
Menzies
AUGUST 21, 2024
Menzies LLP - A leading chartered accountancy firm. The United Kingdom has long been a hub for manufacturing, with a rich history of industry and innovation. Skilled workforce One of the main factors that make the UK an attractive location for manufacturing is its skilled workforce.
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Building a Business Case for Finance Automation
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
Menzies
SEPTEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. As the Autumn Budget nears, Menzies’ Manufacturing sector team have compiled a Wishlist for the sector, covering key areas such as a government tax roadmap, full expensing, innovation, and education investment for the sector.
Menzies
APRIL 12, 2024
Menzies LLP - A leading chartered accountancy firm. TECHNOLOGY Manufacturers need to utilise the latest technology to stay relevant, innovative and competitive. Manufacturers who are able to respond with agility to a fluctuating supply chain will increasingly stand out from their competitors. Embracing Industry 4.0,
Menzies
NOVEMBER 9, 2023
Menzies LLP - A leading chartered accountancy firm. We’re eagerly anticipating the forthcoming Autumn Statement and the potential policy changes that could benefit the UK manufacturing industry. What are our key recommendations?
Menzies
NOVEMBER 30, 2023
Menzies LLP - A leading chartered accountancy firm. If you are in the manufacturing sector, there is no escaping ESG (Environmental, Social and Governance). Manufacturing is responsible for 10-15% of the UK’s GHG emissions (Greenhouse gases), which necessitates significant environmental responsibility for the sector.
Menzies
JULY 9, 2024
Menzies LLP - A leading chartered accountancy firm. Whilst in some key policy areas it remains to be seen what practical changes will apply to businesses in the manufacturing space, there is no doubt that the sector will be impacted by a wide range of policies.
Menzies
FEBRUARY 13, 2024
Menzies LLP - A leading chartered accountancy firm. Andrew England highlights what we could expect from the Chancellor’s Spring Budget 2024 this year, and what could benefit the Manufacturing sector. What could we expect to see from the Spring Budget 2024? April 2017?, [RG1]
Menzies
NOVEMBER 24, 2023
Menzies LLP - A leading chartered accountancy firm. Apprenticeship growth sector pilot: The government is committing £50 million to deliver a two-year apprenticeships pilot to explore ways to stimulate training in growth sectors including manufacturing, and to address barriers to entry in high-value standards.
Menzies
FEBRUARY 16, 2023
Menzies LLP - A leading chartered accountancy firm. Our Brighter Thinking animation helps shine the light on the options available to manufacturers as well as some resources to help identify possible funding. Find out more about Menzies manufacturing sector advisory services. What ensures successful funding?
Menzies
DECEMBER 8, 2023
Menzies LLP - A leading chartered accountancy firm. November’s Autumn Statement earmarked £4.5bn for key manufacturing sectors, and some beneficial changes to tax reliefs and full expensing. What does the food and drink manufacturing sector need from Government policy in 2024?
PANALITIX
AUGUST 23, 2020
We covered a lot of ground in a recent interview with Panalitix client Michael Burke of Burke Raftery Chartered Accountants. He spent 10 years with a large US manufacturer, which involved extensive travel and time in their acquisition group. They would probably hire a tax accountant. Here are some excerpts.
Menzies
MARCH 6, 2023
Menzies LLP - A leading chartered accountancy firm. The United Kingdom has long been a hub for manufacturing, with a rich history of industry and innovation. Despite the challenges posed by Brexit and the COVID-19 pandemic, the country remains an attractive destination for manufacturers looking to set up business.
Menzies
JULY 6, 2022
Menzies LLP - A leading chartered accountancy firm. The Plastic Packing Tax is now operational. On 1 July 2022, HMRC updated their guidance on how to submit your Plastic Packaging Tax return. Once you have met the 10-tone threshold you will need to register your liability for the Plastic Packaging Tax.
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Menzies
JANUARY 7, 2024
Menzies LLP - A leading chartered accountancy firm. Have you considered tax structuring and the impact of an acquisition on your existing tax profile? For example, could this result in accelerated tax cash outflows under the quarterly instalment regime or impact on ability to claim R&D relief under the SME scheme?
Menzies
JANUARY 29, 2024
Menzies LLP - A leading chartered accountancy firm. Research and Development (R&D) tax relief is a highly valuable relief to promote and reward attempts by companies to achieve advances in scientific or technological fields or appreciable improvements in associated processes. Tax saving increases by up to £2.80
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Menzies
AUGUST 21, 2024
Menzies LLP - A leading chartered accountancy firm. In line with the new Government’s mission to make the UK a clean energy superpower, accelerating the plan to reach zero-carbon power by 2030, it has never been more crucial for food manufacturers to reduce their carbon footprint. Are manufacturers investing in sustainability?
Menzies
MAY 11, 2023
Menzies LLP - A leading chartered accountancy firm. Read on if you and your manufacturing company falls into one of the following categories: – For manufacturing companies investing in significant pieces of plant and machinery can be key to driving business growth. Equipment purchasing – what do you need to know?
Menzies
JUNE 8, 2023
Menzies LLP - A leading chartered accountancy firm. PPT should be considered by all businesses who either manufacture plastic packaging in the UK or import it into the UK. Spain) have also recently introduced plastic packaging taxes whilst others still have these at proposal stage (e.g.,
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Menzies
FEBRUARY 14, 2024
Menzies LLP - A leading chartered accountancy firm. Martin Hamilton highlights what we could expect from the Chancellor’s Spring Budget 2024 this year, and what could benefit the Manufacturing sector. Such an increase could see high streets shops business rate bills increase up to £1.92bn.
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Menzies
MARCH 6, 2024
Menzies LLP - A leading chartered accountancy firm. TAX INCENTIVES Whilst the further reduction to Employees NIC is part of a wider strategy to encourage people back to work will be welcomed by individuals, it wont change the costs for business owners. In fact, with national minimum wage jumping up 9.8%
Menzies
OCTOBER 5, 2022
Menzies LLP - A leading chartered accountancy firm. This measure was put in place to stimulate business investment in UK manufacturing and give upfront support to businesses during continuing COVID-related uncertainty. ANNUAL INVESTMENT ALLOWANCE PERMANENTLY SET AT £1 MILLION.
Menzies
JULY 16, 2024
Menzies LLP - A leading chartered accountancy firm. These emissions are directly controlled by those producing the product, for example, as part of a manufacturing process Scope 2: emissions related to consumption of purchased electricity, heat, steam and cooling.
Going Concern
OCTOBER 17, 2022
It appears all of this (alleged) behavior stems from the accountant not wanting to lose her clients and lashing out at them when they tried to call things quits. It appears all of this (alleged) behavior stems from the accountant not wanting to lose her clients and lashing out at them when they tried to call things quits.
Menzies
FEBRUARY 2, 2023
Menzies LLP - A leading chartered accountancy firm. Watch our BrighterThinking animation with a manufacturing spin which covers the requirements needed towards successfully funding business growth. Throughout life, personally and within business, there are many times and situations where there is a requirement to raise money.
Menzies
JANUARY 7, 2024
Menzies LLP - A leading chartered accountancy firm. If you find in this time of uncertainty that you are unable to pay your self assessment income tax liability, there is help at hand. How you contact HMRC will depend on how much tax you have to pay (see below). Once you are happy please complete the process.
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Menzies
JANUARY 5, 2024
Menzies LLP - A leading chartered accountancy firm. Taking government tax incentives and available grants into consideration at the start of your journey is a smart move, to ensure you reap the returns in the quickest possible timeframes. Grant Finder updates on a regular basis for other grants available.
Menzies
APRIL 12, 2024
Menzies LLP - A leading chartered accountancy firm. TAX CHANGES The investment required in technology and fit-outs can strain cash flow, but in some instances, such investments may be eligible for R&D tax relief or other reliefs. These are tumultuous times for the UK’s retail sector.
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Menzies
DECEMBER 12, 2022
Menzies LLP - A leading chartered accountancy firm. A Menzies client since it was founded in 1993, AutoLogic is a leading provider of simulation products, consulting and related services, offering a unique range of solutions for improving efficiency in the manufacturing, transport and logistics sectors.
52 
Menzies
AUGUST 1, 2022
Menzies LLP - A leading chartered accountancy firm. With Amazon taking over the e-commerce market where you can source pretty much any product from one place and other players giving access to China manufactures at a low cost you need a unique product or selling point to drive customers to you site.
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Menzies
JUNE 19, 2023
Menzies LLP - A leading chartered accountancy firm. Such businesses can ‘trial’ the new territory to determine the overseas market’s response, something that retailers and businesses looking to set up factories or manufacturing plants are simply unable to do.
Menzies
OCTOBER 6, 2023
Menzies LLP - A leading chartered accountancy firm. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments. As a result, potentially seeing significant tax savings. Who Is Eligible to Claim the Allowance?
Menzies
FEBRUARY 7, 2023
Menzies LLP - A leading chartered accountancy firm. With HMRC’s ‘Making Tax Digital’ initiative on the horizon, we’ve been working with clients to design and implement complete end-to-end accounting solutions that take these imminent changes into account. So how can you overcome this potential business pitfall?
Menzies
APRIL 3, 2023
Menzies LLP - A leading chartered accountancy firm. This impact will be more acutely felt by companies with high levels of premises expenditure, such as those with large warehouses or energy-intensive manufacturing processes. As a result, it is becoming increasingly challenging to forecast earnings to produce a valuation.
Menzies
FEBRUARY 13, 2023
Menzies LLP - A leading chartered accountancy firm. It is worth noting that UK established importers are more than likely to be contracting with customs brokers under direct representation, meaning the importer is liable for all taxes paid on import, not the customs broker.
Menzies
FEBRUARY 13, 2023
Menzies LLP - A leading chartered accountancy firm. It is worth noting that UK established importers are more than likely to be contracting with customs brokers under direct representation, meaning the importer is liable for all taxes paid on import, not the customs broker.
Menzies
FEBRUARY 10, 2023
Menzies LLP - A leading chartered accountancy firm. The aggregation of marginal gains – aka the 1% rule The theory is that by making small increases or changes to one, two or even three key areas in a business the positive impact on a company’s profit and loss account can be substantial.
52 
Menzies
DECEMBER 6, 2023
Menzies LLP - A leading chartered accountancy firm. For example, legal invoices might show intellectual property assets, that could’ve been leveraged using Patent Box Relief to reduce the client’s corporation tax liability.
52 
Menzies
FEBRUARY 18, 2023
Menzies LLP - A leading chartered accountancy firm. Typical businesses that might benefit include: Manufacturers Importers/Exporters Freight forwarders/Customs agents Warehouse keepers Carriers What are the conditions and criteria? What is an AEO?
Menzies
DECEMBER 19, 2023
Menzies LLP - A leading chartered accountancy firm. One of the main reasons for this lack of detailed analysis often comes down to the purpose of SME record keeping; primarily to ensure compliance with tax and statutory obligations.
Menzies
FEBRUARY 17, 2023
Menzies LLP - A leading chartered accountancy firm. Three-way forecasting involves integrating information from data sources including their profit and loss accounts, balance sheets and cash flow reports in order to predict the financial position of the business based on a number of possible scenarios.
Going Concern
MAY 3, 2024
That PwC Thing Senate caravan not moving on from PwC [ The Mandarin ] Accounting firm PwC Australia has still a lot of work to do before it can move on from the tax leaks scandal, according to two members of a Senate committee looking into government procurement. Practice The PCPS CPA Firm Top Issues Survey is open!
Menzies
DECEMBER 23, 2024
Menzies LLP - A leading chartered accountancy firm. General Market Sentiment for Deal The main Capital Gains Tax (CGT) rate change on 30 October 2024 provides an opportunity for transactions to refocus on commercial drivers rather than immediate tax implications.
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