Where the numbers get difficult
- IAS 2 inventory costing, overhead absorption and net realisable value
- Approved manufacturing status and the concessionary tax rate
- Capital allowances on plant and industrial buildings
- Transfer pricing on imported raw materials from related parties
- Customs, excise and VAT on imports and exports
- Stock counts, wastage and controls over consumables
What we do for manufacturing clients
- Annual financial statements and monthly management accounts with product margins
- Tax computations and applications for manufacturing incentives
- Transfer pricing documentation for group supply arrangements
- Internal audit of inventory, procurement and production controls
- Fixed asset registers and depreciation schedules
- ERP implementation and costing system set-up
How we work
Every engagement starts with a written scope and fee. Work is led by a Chartered Accountant or Certified Internal Auditor who has worked in your sector, and reports are written for the people who have to act on them: owners, boards, lenders, regulators or auditors.