By Tom Yuen, CPA, MSTGray, Gray & Gray, LLP Research and development are the lifeblood of the life science industry. From developing new drugs and medical devices to advancing biomedicine and biotechnology, life science companies pour billions into R&D each year in pursuit of life-changing innovations. However, the R&D process is extremely costly, time-consuming, and […]
Maximizing R&D Tax Credits for Life Science Companies Read More »
https://youtu.be/J8807vzYLY4?si=alh61saBlYSL9s-1 Research and development are the lifeblood of the life science industry. From developing new drugs and medical devices to advancing biomedicine and biotechnology, life science companies pour billions into R&D each year in pursuit of life-changing innovations. However, the R&D process is extremely costly, time-consuming, and risky, with many drug candidates and products failing
Maximizing R&D Tax Credits for Life Science Companies Video Read More »
By Tom Yuen, CPA, MST Since 1954 taxpayers have been able to fully deduct research & development (R&D) costs during the tax year in which they occurred, if they chose to do so. The option for an immediate deduction was seen as a way to spur innovation. But that option is coming to an end
R&D Capitalization Starts Next Year (Maybe). Are You Ready? Read More »