At Approved Accounting, we are experienced in providing sector-specific accounting services to companies in the scientific and research sectors.
Whether your company is well-established or starting out, we can cater to your basic accounting systems and reporting requirements, and, crucially, in terms of the particular requirements of your sector.
The scientific sector in the UK is world-leading in many respects, and we are proud to help support it and play a part in helping companies succeed.
Accounting services for the science and research sectors
Even the smallest companies in the industry are operating in a global market, and therefore have worldwide competition and international trade to consider. Of course, this also presents huge opportunities. So experience of trading in such a vast and at times complex market can be extremely valuable, and we play our part with companies we work with to offer our experience and guidance.
- Strategic planning and forecasting (for a variety of purposes).
- Grant funding applications and reporting to grant providers.
- Equity raises – advisory support (SEIS, EIS, investment from other bodies or individuals).
- Capex planning, and ROI analysis (including funding strategy for capex).
- Tax strategy (capex, R&D, remuneration, foreign trading considerations, IP and more)
- Specialist tax reliefs (eg R&D, Capital Allowances, Patents).
- Incentivising and retaining the right people (bonus schemes, EMI etc).
- Rolling forecasts, performance measurement (KPIs) and reporting to decision-makers.
- Overseas trading – risk and compliance management, eg foreign currency, sales tax/VAT, withholding taxes and double taxation treaties, import and export duties, corporate residence, Brexit-related issues and so on.
- Competitor analysis, and identifying actions to take based on knowledge gained from looking critically at what others in your sector are doing.
- Systems – for example, a good CRM is important to track contracts & milestones, pipelines, staff deployment and so on.
- Long-term strategy, eg exit/succession planning.
And more – talk to us about your specific needs, and if we can find a way to accommodate, we will!
Outsource your finance department to us
You can outsource your finance dept to us, or keep it in-house with support and oversight when required. We can also offer a finance director service to those companies whose growth requires high-level expertise, but budgets do not yet permit a six-figure salary for a full-time FD. Our arrangement and working relationship can be designed to suit your particular needs and developed over time as requirements evolve.
Contact Approved Accounting
Whatever your needs, we have the skills and commitment to be the ideal business partner and give your business both the solid foundations and imagination it needs to flourish.
