Get the most from your claim
Our extensive experience across a range of sectors enables us to deliver tailored R&D tax credit accounting treatments that meet your business's specific needs and maximise financial benefits.
Our multidisciplinary team of experts brings deep sector-specific knowledge to every engagement, ensuring that your company can fully leverage R&D tax incentives while staying compliant with all regulatory requirements.
SMEs
Large companies
QLC: Working in your sector
Partnering with QLC means you can trust that your R&D tax credit accounting treatment is handled by professionals who understand the nuances of your industry. We stay ahead of the latest developments in tax law and industry practices, so you can focus on what you do best - innovating and growing your business.
Pharmaceutical & Medtech
Manufacturing
Construction
Software Development
Agriculture
Computing & Technology
Engineering
Food & Drink
AI & Robotics
Architecture
Textiles
Waste Management
Pharmaceutical & Medtech
Agriculture
Food & Drink
Manufacturing
Architecture
AI & Robotics
Construction
Computing & Technology
Textiles
Software Development
Engineering
Waste Management
What is the difference between R&D for SMEs vs large companies?
The landscape of R&D differs significantly between SMEs and large companies, driven largely by the scale and scope of their operations.
For SMEs, R&D is often about agility and innovation - leveraging limited resources to make breakthroughs that can set them apart from larger competitors. These smaller enterprises tend to focus on niche markets or specialised products, where the ability to quickly adapt and innovate is crucial. However, we know that navigating the complexities of R&D tax credits can be daunting for SMEs, as they often lack the internal resources to manage these claims effectively (this is where our personalised support becomes invaluable).
Large companies operate differently. R&D in these environments is typically more structured and extensive, often involving multiple projects across various departments or even countries. These organisations invest heavily in R&D, aiming not just for innovation but also for market dominance. The stakes are high, and so are the potential returns. With great scale comes great complexity: managing R&D tax credits at this level requires a nuanced understanding of intricate regulations and the ability to integrate these claims seamlessly into broader financial strategies.
Practically, there are two different schemes - SME and RDEC. These have now merged for accounting periods started on or after April 2024. Depending on your financial year-end, you may still be on the old separate schemes for a while. Talk to us to find out more.
At QLC, we tailor our approach to suit the specific demands of each business, whether it’s helping an SME make the most of every R&D pound or ensuring a large company maximises its return on substantial investments.