To succeed, businesses operating in the life sciences sector must navigate a complex regulatory landscape, harness new technology, maximise the use of available tax incentives, and ensure they have access to the right type and level of funding.
Our expert teams work with clients operating across the life sciences sector – whether specialising in medical, clinical, pharmaceutical or biotechnology – helping them to grow their business and to protect and capitalise on their ideas and intellectual property.
Our specialists can carry out a review to help identify the activities that might constitute Research & Development (R&D), the costs that are ‘eligible’ expenditure and using this information build a robust claim for R&D Tax Credits.
We also identify opportunities for improving clients’ Patent Box position, evaluating different operational structures and ensuring R&D activities are aligned. Once within the Patent Box regime, we can calculate the total Patent Box relief and, if required, draw upon the expertise of our specialist transfer pricing team to carry out a benchmarking exercise.
As members of the Nexia network, we are well-placed to support businesses in the sector as they grow globally or enter into partnerships or joint ventures overseas. Advice from our fellow Nexia member firms is seamlessly co-ordinated by a single point of contact: your UK relationship partner. Our in-house experts can also advise on cross-border tax issues when expanding overseas and ensure that activities are structured in the most tax efficient manner from the outset.
People are crucial to any business, and so we work with business owners and directors to optimise their reward and retention offering, advising on the most appropriate remuneration strategies, including employee share incentive schemes.
Our specialist outsourcing support and payroll support teams also work with clients of all sizes, relieving them of the burden of day-to-day business admin and freeing up their employees’ time to focus on developing their business and serving their clients.
We are proud to be a corporate partner of Medilink North of England, a professional association and specialist consultancy for the life science sector that helps medical technology organisations to grow, innovate and prosper.