Accountants for Engineers

Engineer Your Success with Bright Ideas Accountancy

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Let Bright Ideas Accountancy simplify your finances

Whether you’re designing systems and structures, conducting research and development, or testing and assuring quality, you’ll know how vital engineers are to the UK and global economy. And if you’re a contractor, you’re already capitalising on the fact that your skills are very much in need – with the freedom that comes from selecting your own projects and charging the rate you deserve.

But whether you choose to operate as a limited company or sole trader, the financial side of contracting is naturally time-consuming and complex. To maximise your take-home pay, you need someone to take care of the numbers so that you can get back to doing what you do best: engineering.

Having enabled many engineering contractors to be as tax-efficient as possible, Bright Ideas Accountancy has the industry expertise to support you. With us, you can focus on your career while we deal with the likes of the tax return and other financial matters. Simply put, we’re the accountant for engineers.

mechanical engineering
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Cloud-based accounting solution

By choosing Bright Ideas for your accounting needs, you’ll get an expert partner at your fingertips. We’ll manage your finances, simplify the jargon, and even advise on aspects such as profit and loss. It’s more than accounting – you get to draw on our extensive experience in helping countless contractor engineers across the UK.

We’re 100% cloud-based too, digitising your affairs and giving you 24/7 access to your accounts no matter where you are. Whether through FreeAgent or QuickBooks, you’ll always have a clear picture of your finances.

The support we offer goes beyond the products we use. With dedicated Account Managers, we provide a one-to-one service so that you’ll receive tailored guidance. This also enables us to be incredibly responsive, with a guaranteed same-day response to calls and emails received before 3pm.

We have a variety of accounting packages – all with transparent pricing. But whichever you choose, you’ll receive unlimited face-to-meeting and periodic bookkeeping health checks. Because your success is our success.

All inclusive package

Free company incorporation

Yearly annual return preparation

Annual accounts preparation & filing

Quarterly MTD-compliant VAT return preparation & filing

Company tax return preparation & filing

Monthly subscription to FreeAgent included - and user tutorial for no extra charge

Your own dedicated accountant and tax adviser

Unlimited personal support by phone and email

Annual company P11D and employee P60s

Unlimited secretarial services

Acting as agent with HMRC for both director and the company

Personalised tax planning for the director

Ongoing tax advice for the company

Quarterly bookkeeping health checks

Director self-assessment tax return

Monthly payroll for one employee including RTI return filing

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FreeAgent

FreeAgent at no additional cost

All Bright Ideas clients get automatic access to FreeAgent – the UK’s #1 small business accounting software. Used by more than 60,000 freelancers, contractors, and small businesses, it helps to improve efficiency and ensure compliance with Making Tax Digital.

FreeAgent is HMRC-compatible, incredibly user-friendly, and can be used from any device at any time. It provides a full overview of your business performance, income, and profitability, as well as many other features.

  • Cash-flow monitoring dashboard
  • Estimate and invoice tracking and creation
  • Direct tax return submission to HMRC
  • Automatic generation of VAT returns
  • On-the-go expense recording and management
  • Direct connection to bank accounts
  • Smart timesheets
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FreeAgent

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Ready to join us?

Seeking support from engineering accountants that just get it? Bright Ideas has the knowledge and skills to understand your needs and take accounting off your plate – all while ensuring compliance and working in line with your goals as an engineer.

Even if things change, for example your business grows or you decide to return to employment, we’ll be there throughout your journey. And if you need to switch to us, we’ll make it easy, seamlessly migrating all your data for minimal disruption.

Contact us to get started

Give us a call us or send an email today!

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