R&D Tax Credits for Life Sciences

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Is My Life Sciences Company Eligible For R&D Tax Credits?

Life Sciences organizations including pharmaceutical, biotechnology, biomedical, agricultural, and medical device companies, are inherently innovative and are among the top candidates for claiming R&D tax credits. Often the upfront investments made
to create new drugs, chemical compounds, or medical devices are significant and can generate substantial opportunities to recoup costs in the form of R&D tax credits.

In addition to the investment in its employees, Life Sciences companies – especially in early stages – may leverage Contract Research Organizations (“CROs”) that perform research on behalf of the company. A portion of these costs may also be qualified and provide companies with a larger pool of potentially qualified dollars to consider when
determining the value of its research credits.

Rewarding companies for these types of investments offers a way to refuel the cycle of innovation, generating capital for companies to hire additional technical personnel and expand its development capabilities.

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Specific Examples of Qualified Activities

Generally, if employees are attempting to develop or improve products or processes by way of functionality, performance, reliability, or quality and encounter some level of technical uncertainty there will likely be elements of qualified research activities (“QRA”) that may be quantified and translated into cash back for the company.

Preclinical/Discovery research on new compounds
Attempting to design and develop pharmaceutical products, drug delivery systems, medical devices
Designing and testing new chemical or medical compounds, therapies, or biologics
Developing or improving manufacturing processes or capabilities
Engaging in Clinical development activities, including production of trial lots and testing manufacturing scale up capabilities
Reformulating drugs or compounds to reduce side effects or improve efficiency
Designing, developing, and testing specific hardware and/or software systems, platforms, or applications that may be used in research or analysis

Estimate Your R&D Tax Credit
Savings Potential

GTM’s R&D Tax Credit Calculator is a quick way to analyze your company’s data and identify opportunities to increase cash flow through R&D Tax Credits. Results will be returned to you via the email address you provided within a few minutes of your submission.

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GTM’s Service Provider ROI Calculator is a quick way to assess if the fees you’re currently paying to an outsourced provider for R&D Tax Credit services can be reduced by switching to GTM. Results will be returned to you via the email address you provided within a few minutes of your submission.

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Research & Development Tax Credit Expertise When You Need It

Budget constraints and talent shortages often leave domestic and multinational companies lacking in dedicated in-house resources that have the time or proficiency to manage the R&D tax, cost segregation, and other credits and incentives functions.

GTM addresses your R&D tax needs without adding full-time overhead to your business. Our team of R&D tax consultants work side-by-side with you to identify and maximize key savings opportunities wherever you are, whether local, national, or international. We can help you avoid paying unnecessary taxes, obtain tax refunds, manage operational costs, and enhance the economic value of company initiatives.