R&D Tax Credit for the Life Sciences

Life science companies often do not realize that they are eligible for the Research & Development Tax Credit. The R&D Tax Credit allows companies to realize tax savings, increase cash flow and stay competitive in the marketplace. Many qualifying activities are considered day-to-day operations in the life science industry.

The benefits can be significant and are efficient to realize through our services. The R&D Tax Credit can provide a hidden but immediate source of cash from prior years, plus a significant reduction to current and future years’ federal and state tax liabilities.

Typical Qualifying R&D Tax Credit Activities:

  • Improving the shelf-life of a product
  • Developing new drug delivery systems
  • Clinical testing
  • Re-purposing existing drugs
  • Developing new drugs and drug compounds
  • Implement automation processes
  • Developing new or improved feeds
  • Developing new assays validation tests
  • Developing substances, mixtures, and/or devices for testing
  • Develop or improve processes, techniques, formulas
  • Generating prototypes and new products

Our Research Tax Credit practice consists of engineers, CPAs, and attorneys who have extensive experience conducting R&D Tax Credit Studies at both the federal and state level. Our process begins with a free assessment to ensure that the company qualifies for the credit and would be able to utilize them. Each of our studies includes a site visit to help facilitate the study process. We also include audit support with all of our studies. This is a conservative federal and state incentive that was just made permanent by Congress as part of the 2015 PATH Act. Contact ETS for more information at 800-236-6519 or email here.

 

Learn more about life science industry tax incentives here

View Research & Development Tax Credit Case Studies

Learn More about the Research & Development Tax Credit