Accountants for Engineers
Engineer Your Success with Bright Ideas Accountancy
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.
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
Unlimited IR35 contract reviews and working practice advice
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
One mortgage & income reference per year
Monthly payroll for one employee including RTI return filing
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
Looking to switch accountants?
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For more information, read our free contractors guide
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Our clients have a lot to say about us
Mike Harrison2024-06-04I'm a new business owner and BI Accountancy has walked me through the minefield of accountancy every step of the way. You are assigned a single point of contact and (in my case) they are very responsive to your questions and incredibly helpful. Recommended.
Margarita Shalaev2024-05-20They did an excellent job handling all the accounts for my company. The team is professional and efficient, making the entire process smooth and stress-free. A special mention to Millie McGaughey, who always responded quickly and took care of all issues. She was a pleasure to work with. Highly recommend!
colin ford2024-05-17Jack Smith is always available and to speak about anything and is certainly very knowledgeable I have no quarms about recomending him for your business Small business owner
Amanda Terry2024-05-10Great service. Very flexible and helpful. Thanks Alexandra
Gintaras Poskaitis2024-05-08Amazing! They've been looking after my business for over 2 years now and everyone I had an opportunity to interact with was great. Alexandra, my accountant, is knowledgeable, proactive, polite, and very patient. I recommend BI to everyone I know!
Charlotte Hickling2024-05-08Great experience with Bright Ideas. They dealt with our taxes efficiently, were cost effective and the communication was excellent. Highly recommend
Melanie Swain2024-05-02Alexandra’s support has been superb. She has provided me with knowledge and information that other Accountants have not. Alexandra’s communication is excellent and responds to all requests, very quickly. 10/10. Thank you.
M A2024-05-01Responsive, very helpful firm and Jack Smith is very good. Would recommend to anyone.
Peter Bjuvestig2024-05-01Bright Ideas has been my accountant for around 8 years now, and I have always received great and prompt support. Lately, Jack has been assisting me, and he follows Bright Ideas' overall vision in an excellent manner.
Jarek Wojtania2024-04-30Jack is great, fast and super efficent!
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Let’s make your finances Brighter
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0161 669 4221
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