Accountants for Scientific and Research Sectors

Approved Accounting

At Approved Accounting, we are experienced in providing tailored and sector-specific accounting and support services to companies in the scientific and research community.

Whether your company is well-established and looking for a better level of advice and support, or starting out with a strategy to implement, we can cater for your needs both in terms of basic accounting systems and reporting requirements, but also 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 to 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, but also of course this 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, pipeline, 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!
accounting for science and research departments

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. 

Contact us to discuss your needs – we’d love to hear from you!

Contact Us Today

Speak to our online accounting experts to learn more and request a proposal.
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To speak to one of our online accountants and to see if we are good fit to work together complete the contact form. Please see our accounting prices before enquiring so you know the level of service to expect.
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