Complete Guide to the R&D Tax Credit for Biotech Companies

In the dynamic landscape of the biotech industry, companies are constantly innovating, developing new drugs, and enhancing existing therapies. While these endeavors are crucial, they often involve substantial financial investments. Thankfully, the federal R&D tax credit, along with various state credits, stands as a beacon of financial relief, encouraging companies to forge ahead in their research and development pursuits.

Yet, a significant number of eligible companies are not leveraging these benefits, either due to a lack of awareness or the perceived complexity surrounding the claiming process. Download the guide to better understand the process and help you unlock the financial benefits that your company rightfully deserves.

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Complete Guide to the R&D Tax Credit for Biotech Companies Preview Guide

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Why Download this Guide?

  • Understand the eligibility criteria and the range of activities that qualify for the credit
  • Learn how to calculate the R&D tax credit based on your company’s gross receipts and qualified R&D expenses
  • Discover the types of businesses that are eligible and the specific benefits that the credit offers, including reducing tax liability and enhancing cash flow
  • Gain insights into the documentation required and tips for maintaining compliance

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About the author

 

Esfer-Pamintuan-Circle

Esfer Pamintuan
Esfer serves as the Manager for Tax Compliance and Advisory services, co-managing the whole tax team. He has more than 10 years of professional experience that includes 8 years handling tax compliance and tax planning for business and individuals and 2 years of experience in accounting. His expertise is on tax return preparation, tax strategies, tax audit compliance and tax relief services. He has prepared and reviewed various tax returns such as Forms 1040, 1120, 1120S, 1065 and 990 for various individual and entities.  Prior to Scrubbed, he worked with E&Y, IBM Daksh and inDinero, a SaaS accounting platform.