Stephenson Smart has been providing accountancy services to manufacturers and engineers for over 100 years. We have a wealth of experience and knowledge when it comes to accounting services for the manufacturing sector, with advisors in Norfolk and Cambridgeshire.

We are the chosen manufacturing and engineering accountants for many clients, ranging from start-ups to large established companies.  Our experienced and qualified teams understand the challenges and needs of this sector.

We understand the pressure that modern manufacturing and engineering businesses face.  We want to support you to ease your administrative burdens, so that you can concentrate on managing and growing your business.

We can tailor our support to your specific requirements to ensure you a personal service.

The benefits of using an accountant:

  • Saving you time to focus on running your business.
  • Specialist knowledge to ensure accurate reporting.
  • Expert advice on tax planning and compliance.
  • Accurate and informed business advice.
Manufacturing

The accountancy service we provide is:

PROFESSIONAL

Our teams are fully qualified and experienced in your sector, to provide you with an efficient and personal service.

COMPLIANT

As chartered accountants we are aware of your obligations to HMRC and qualified to ensure they are fulfilled.

SUPPORTIVE

The advice and support we can offer you and your business will give you the peace of mind to allow you to concentrate on your profession.

Manufacturing
Manufacturing

Stephenson Smart has been our accountancy firm for about four years, looking after our payroll, bookkeeping, tax, management accounts and R&D (research and development) tax relief. We employ 18 people, so as a small business it’s important to be able to put our trust in an accountancy firm. We don’t feel like we are a number, we view Chris as an extension to our team. If I had to sum up Stephenson Smart in one word it would be awesome.

James Campbell, Owner, Microns Precision Engineering

Manufacturing

As part of our accountancy service, we can provide:

  • Full accountancy service, including end of year financial statements.
  • Accurate and timely bookkeeping.
  • Accurate and timely payroll.
  • VAT advice and support.
  • Capital Gains Tax advice.
  • Review of your business processes.
  • An understanding of the tax allowances and tax efficiencies available to your sector.
  • Audit and compliance.
  • Advice on digital accounting platforms.

We are members of the Institute of Chartered Accountants, making us fully qualified to be your trusted business accountant.

We can look after some of the administrative tasks that have to be done, such as payroll and bookkeeping, leaving you time to focus on the developing and managing your business.

From start-ups to large, established manufacturing companies, we can help you to run as an efficient, profitable enterprise, so that the future of your business is assured.

FAQS

In any business it is important to ensure accurate record keeping. This the same for the manufacturing and engineering industry. You may be required to keep your records electronically by HMRC, this is something we can advise you on. You may feel that you have the time and skills to undertake this yourself or employ someone to do it in-house. If this is the case, you may still need support with end of year reporting and submissions to ensure that you are paying the right amount of tax.

The simple answer is yes you can. However, the criteria for research and development expenditure to qualify for the tax reliefs available is very stringent. HMRC can be quick to issue compliance checks on any claims put through, so it is always better to speak to a tax specialist first.

Latest Insights

  • what you need to know about business tax

    11th September 2024

    What you need to know about business tax

    What you need to know about business tax   Whether your business is set up as a sole trader, partnership, or company, you will be subject to various taxes as part of UK tax law. How much business tax do ...

    READ MORE
  • Cliive Dodds 50 years with partners at Stephenson Smart

    19th July 2024

    50 years of accounting for King’s Lynn for Clive Dodds

    Clive Dodds is well known to many people in and around King’s Lynn, not only as an accountant at Stephenson Smart, but also through his many affiliations to local community organisations. Clive was born in Norwich but moved to King’s ...

    READ MORE
  • Can you avoid inheritance tax: stephenson smart

    11th July 2024

    Can you avoid inheritance tax?

    Can you avoid inheritance tax? If you own property, or other assets, it is important that you think about the value of your estate and the tax implications that may be associated with it, sooner rather than later. With careful ...

    READ MORE
  • what you need to know about business tax

    11th September 2024

    What you need to know about business tax

    What you need to know about business tax   Whether your business is set up as a sole trader, partnership, or company, you will be subject to various taxes as part of UK tax law. How much business tax do ...

    READ MORE
  • Cliive Dodds 50 years with partners at Stephenson Smart

    19th July 2024

    50 years of accounting for King’s Lynn for Clive Dodds

    Clive Dodds is well known to many people in and around King’s Lynn, not only as an accountant at Stephenson Smart, but also through his many affiliations to local community organisations. Clive was born in Norwich but moved to King’s ...

    READ MORE