Running a biotech firm, pharmaceutical company, or lab startup needs more than scientific skills; it also needs expert financial help. At Clarkwell & Co. Chartered Certified Accountants, we know the specific accounting and tax issues in the science, R&D, and pharma fields. We offer customised solutions for claiming R&D tax credits and handling Patent Box tax relief. Our team helps you stay compliant, lower tax costs, and grow your business.
The scientific, research, and pharmaceutical sectors operate under strict regulations and face constant pressure to innovate while managing costs. These industries are research-intensive and capital-heavy, with funding often tied to grants, investors, or intellectual property. On top of this, businesses must navigate complex tax reliefs such as R&D credits and the Patent Box scheme, making specialist financial guidance essential.
At Clarkwell & Co., we support a wide range of organisations, including:
Helping with research budgets, investor reporting, grant applications, and financial structures that support long-term growth. We ensure costs are properly tracked for R&D tax credit claims and future funding rounds.
Managing compliance with UK and international regulations, handling multi-layered supply chains, and providing accurate financial reports that meet both HMRC and industry standards.
Setting up accounting systems from day one, guiding through complex grant funding requirements, managing payroll for research staff, and supporting rapid scaling without financial disruption.
By combining financial expertise with sector knowledge, we ensure your business receives the right accounting support to remain compliant, attract funding, and focus on what matters most: driving innovation.
The UK government offers valuable R&D tax credits, but making a successful claim requires detailed technical and financial evidence. Our R&D tax credit consultant service ensures you maximise your entitlement while remaining fully compliant with HMRC.
Early-stage biotech firms face unique challenges such as funding rounds, grants, and complex research expenses. We offer biotech start-up accounting services that streamline your finances, set up robust systems, and prepare your business for sustainable growth.
From managing global supply chains to ensuring regulatory compliance, pharma businesses need precise financial oversight. Our pharma company accountant UK services cover bookkeeping, tax planning, VAT compliance, and international reporting.
Accessing grants and research funding is critical for innovation. We provide grant & funding support for R&D businesses, guiding you through application processes, financial reporting, and compliance.
If your business generates profits from patented products, you could benefit from reduced corporation tax through the Patent Box scheme. Our Patent Box tax relief advisory UK service helps you claim effectively and reduce your tax burden.
Laboratories and research facilities require efficient cost tracking, compliance management, and asset accounting. With our laboratory & research facility accountant UK services, you can focus on scientific innovation while we manage your finances.
Choosing the right accountant can make a real difference to the growth and stability of your research or pharmaceutical business. At Clarkwell & Co., we bring both technical accounting skills and a strong understanding of the science and R&D landscape.
We have many years of experience helping biotech firms, lab startups, and pharmaceutical companies. We know the financial challenges these research-focused industries face. Whether it’s managing early cash flow or meeting large-scale compliance, we have supported businesses at all stages.
Our team has a proven track record of maximising claims for R&D tax credits and guiding clients through the Patent Box scheme, helping reduce corporation tax and freeing up more funds for innovation.
Accessing grants and investor funding is essential for growth. We provide financial planning, reporting, and advisory support so your applications are stronger and your funding is managed correctly.
We ensure that your accounts meet HMRC requirements as well as industry-specific regulations, including FCA and sector compliance rules. This reduces risk and gives stakeholders confidence in your financial reporting.
Although we are based in London, we support research and pharma businesses across the UK, offering both in-person consultations and cloud-based accounting tools for flexible, real-time support.
Whether you’re a biotech startup, a pharmaceutical company, or a research facility, Clarkwell & Co. is here to support your financial journey. Contact us today to discuss how our specialist accountants for R&D, scientific, and pharma businesses can help you grow with confidence.
Everything you need to know about R&D tax credits, Patent Box relief, and accounting for biotech, pharma, and research companies.
An accountant specialising in the scientific and pharmaceutical sectors helps manage tax reliefs, compliance, funding, and financial reporting. They ensure your business maximises R&D tax credits and remains compliant with UK regulations.
Yes. Even if your biotech firm is pre-revenue, you may still be eligible for R&D tax credits on qualifying research expenses such as staff costs, clinical trials, and lab materials.
A pharma company accountant UK provides end-to-end support with VAT, corporation tax, cross-border compliance, supply chain costing, and financial reporting for pharmaceutical companies of all sizes.
The Patent Box scheme allows UK companies to pay a reduced corporation tax rate on profits earned from patented inventions. It's especially valuable for biotech and pharma businesses developing new products.
Yes. Laboratory startups face complex funding structures, payroll for research teams, and early-stage grants. A laboratory & research facility accountant UK ensures compliance and prepares your business for future growth.
We assist with financial forecasting, preparing grant applications, and managing post-funding compliance to ensure your business uses funds effectively and transparently.
Qualifying costs include staff salaries, subcontractor expenses, raw materials, consumables, and some software directly linked to research and development projects.
Yes, provided the R&D work benefits your UK entity and meets HMRC's qualifying criteria. Specialist guidance is needed to ensure compliance.
We prepare clear financial statements, cash flow forecasts, and tax relief documentation that investors look for when funding biotech firms.
If a consultancy carries out qualifying research activities for clients, it may still be able to claim R&D tax credits under subcontractor rules.
Clarkwell & Co. provides full support during HMRC enquiries, ensuring your documentation is accurate and your claim is defended.
Yes. We help pharmaceutical businesses understand complex VAT rules, including exemptions on medicines, clinical trials, and cross-border supply.
We use leading cloud accounting platforms such as Xero and QuickBooks, customised with reporting tools suitable for research-intensive businesses.
Yes, as long as your lab develops patented products. Even smaller companies can reduce corporation tax significantly with proper planning.
