Biotech and life-science companies range from clinical-stage startups to contract research organizations (CROs) and large biologics manufacturers. They work in places that need a lot of money, technical testing, and high energy. Our R&D Tax Specialists identify and unlock federal tax incentives that improve cashflow and reduce operating costs.
Biotech & Lifesciences
Addressing the key challenges
Many companies in life science and biotech work on new treatments, medical devices, and food processing tech. However, they often do not use tax incentives they have already qualified for. Businesses within the industry encounter difficulties like:
Research and production labs use a lot of energy. This makes them much more energy-intensive than regular commercial buildings. This leads to high operating costs and great chances for energy-saving projects. These projects can qualify for 179D Tax Credits.
Startups and scale-ups spend a lot on special equipment. They often change lab setups as their programs grow. This creates chances for accelerated tax deductions through Cost Segregation but also adds timing challenges.
In product development, teams often face technical uncertainties. This includes assay development, formulation, scale-up of biologics, and process optimization. To address these uncertainties, teams regularly conduct systematic experiments. This technical activity frequently meets the R&D qualifications.
<p>Research and production labs use a lot of energy. This makes them much more energy-intensive than regular commercial buildings. This leads to high operating costs and great chances for energy-saving projects. These projects can qualify for 179D Tax Credits.</p>
<p>Startups and scale-ups spend a lot on special equipment. They often change lab setups as their programs grow. This creates chances for accelerated tax deductions through Cost Segregation but also adds timing challenges.</p>
<p>In product development, teams often face technical uncertainties. This includes assay development, formulation, scale-up of biologics, and process optimization. To address these uncertainties, teams regularly conduct systematic experiments. This technical activity frequently meets the R&D qualifications.</p>
Expertise
How we can help to maximize your results
R&D Tax Credit
Biotech activities often qualify for the federal Research & Development (R&D) Tax Credit. This is true when they involve experiments to reduce technical uncertainty. Our R&D experts help to identify all qualifying activities and expenses to deliver maximum value.
179D Tax Deduction
Labs use a lot of energy and need strong HVAC systems. Well-designed upgrades can save energy and qualify for the 179D tax deduction. Our team of industry experts and engineers help to model all qualifying projects to increase deduction value.
Cost Segregation
Life sciences companies that have bought, built, or renovated labs or manufacturing facilities may find cost savings. Our comprehensive engineering Cost Segregation study can deliver immediate tax deferrals and increased bonus depreciation benefits.
Transforming the Biotech & Lifesciences Industry
Our latest thinking tackling the current dilemmas facing the Biotech & Lifesciences industry and future solutions.
