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.

Manufacturing

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.

Manufacturing

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,

Manufacturing

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. Find out more about our Manufacturing services here. What are our key recommendations?

Manufacturing

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.

Manufacturing

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). Producing products sustainably is no longer an optional benefit, but a necessity to remain competitive in the market and mitigate future risk.

Manufacturing

Menzies

JUNE 26, 2024

Menzies LLP - A leading chartered accountancy firm. Carbon output Labour have declared an initiative which would see £500m of funds available annually from 2026 to act as an incentive for manufacturers developing clean energy and investing in good jobs. The conservatives have committed to investing £1.1

Manufacturing

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.

Manufacturing

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? jobs in the sector).

Manufacturing

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.

Manufacturing

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?

Manufacturing

Going Concern

MAY 3, 2024

Many firms are seeing increased demand for their services and are navigating hybrid/remote teams, rapidly changing technology and are looking to hire more staff. Your answers can help guide the development of PCPS practice management resources designed to assist firms in meeting the ever-changing accounting firm landscape.

institute of chartered accountants

Menzies

JANUARY 7, 2024

Menzies LLP - A leading chartered accountancy firm. Whether you’re considering expanding your geographical footprint, accelerating the growth of an existing revenue stream, acquiring new technology or looking at new ways to diversify, acquiring another business can greatly assist in accomplishing or accelerating these plans.

Manufacturing

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.

Manufacturing

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.

Manufacturing

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.

chartered accountant

Menzies

FEBRUARY 11, 2023

Menzies LLP - A leading chartered accountancy firm. Caroline Milton – Manufacturing Specialist As a packaging expert with knowledge, technical expertise and production flexibility, PT Plastics contacted Menzies to support them with their growth into the UK Market. Learn more about Menzies Manufacturing expertise.

Manufacturing

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.

Retail

Going Concern

FEBRUARY 16, 2024

The Conflict Surrounding Work-Life Balance in Public Accounting Firms [ CPA Journal ] For years, the public accounting sector has been characterized by high employee turnover. In the past few decades, public accounting firms have implemented work-life balance practices as part of their attempts to curb excessive turnover.

Real Estate

Menzies

JULY 6, 2022

Menzies LLP - A leading chartered accountancy firm. You can get this tax relief in the same accounting period or claim a credit for them on a later tax return. The Plastic Packing Tax is now operational. On 1 July 2022, HMRC updated their guidance on how to submit your Plastic Packaging Tax return.

tax return

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.

Manufacturing

Menzies

MAY 30, 2022

Menzies LLP - A leading chartered accountancy firm. Based in Daventry, UK, and formed in 1989, Geotek specialises in designing and manufacturing high-resolution, non-destructive analysis of geological cores. Judges Scientific maintains a policy to selectively acquire businesses that generate sustainable profits and cash.

Sales

Menzies

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. GREEN TECH There is a general move to a higher skilled, higher wage economy and support for research and manufacturing of future vehicles which could impact the T&L sector. In fact, with national minimum wage jumping up 9.8%

Transportation

Menzies

JULY 23, 2024

Menzies LLP - A leading chartered accountancy firm. Since March 2020, food and drink manufacturers, producers and distributors have been forced to continually adapt to the ever-changing landscape. That remains true to this day, especially surrounding sustainability.

Technology

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.

Sales

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. where it will take the business as a result) and how this fits with the desired strategy and direction of the business.

Manufacturing

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. When the UK Government introduced PPT in April 2022, the aim was to encourage the use of recycled plastic within packaging.

Tax

Menzies

AUGUST 4, 2022

Menzies LLP - A leading chartered accountancy firm. However, it is extremely necessary to take customers’ needs into account alongside any potential financial impacts on the business. For example, developing a new product would likely incur research and development and manufacturing costs.

Start-ups

Going Concern

SEPTEMBER 12, 2023

On June 20 of this year , CPA Ontario, the regulatory body responsible for overseeing Chartered Professional Accountants and accounting firms in Ontario, provided notice of intent to conclude its current arrangement with the national CPA Canada body. may “gut” the program of electives and the national accounting exam.

CPA

Menzies

JULY 4, 2024

Menzies LLP - A leading chartered accountancy firm. If a business is entering a period of difficulty because of choosing the wrong customer, this pain point can be passed on to suppliers, manufactures and employees. The economic outlook for Britain is still complex, despite signs of improvement.

chartered accountant

Menzies

JANUARY 5, 2024

Menzies LLP - A leading chartered accountancy firm. Whilst many businesses are seeing ROI on solar panel installations within 3-5 years, taking advantage of government tax incentives can significantly offset installation costs to enable even faster returns.

chartered accountant

Menzies

JULY 21, 2023

Menzies LLP - A leading chartered accountancy firm. At the end of last week, the Business and Trade Secretary signed the treaty for the UK to accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in New Zealand.

chartered accountant

Menzies

AUGUST 17, 2023

Menzies LLP - A leading chartered accountancy firm. For manufacturing businesses, inadequate cash flow can be a huge problem that jeopardises their ability to expand and sometimes even to maintain their operations. Technology is often used to help manufacturing businesses improve stock control and cash flow as a result.

Manufacturing

Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. The scheme is especially important to the manufacturing sector with 21% of the total claims made, and over £1.5bn of annual support received, by the sector in the latest statistics.

Tax

Menzies

APRIL 12, 2024

Menzies LLP - A leading chartered accountancy firm. Transparent communication about sourcing, manufacturing processes, and social impact is becoming essential for building trust and loyalty with environmentally conscious consumers. These are tumultuous times for the UK’s retail sector.

Retail

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.

E-commerce

Menzies

FEBRUARY 1, 2023

Menzies LLP - A leading chartered accountancy firm. A Civil and Structural Engineering practice that had been with their previous accountant for 20 years. Their accounting records were not fit for purpose. There’s a different way of doing it The problem they had was simple.

chartered accountant