Oil, gas and renewables
The energy sector makes an enormous contribution to the Scottish economy and to the UK more widely. Oil and gas alone contribute around £24 billion to UK GDP, creating almost a quarter of a million jobs along the way. The renewable energy sector is growing at a remarkable rate.
As specialist accountants for the UK energy sector, we work with individual oil and gas contractors, energy companies and sustainable energy startups. Some are based here in Scotland, with the North Sea in sight, but many are elsewhere in the UK.
Our support covers everything from core business accounting functions (payroll, management accounts, tax returns) to high-level strategic advice and tax planning.
For individual energy contractors, we can advise on IR35, business structures (limited company or sole trader?) and allowable expenses. Larger businesses, however, typically come to us for guidance on things like research and development tax credits, corporation tax and capital allowances.
Renewable energy startups will benefit from help with statutory registrations and returns, business planning and management accounting to support bids for funding.
Talk to your industry expert
Accountants who talk the language of your sector and have experience supporting businesses like yours are ready to start helping you today.