Tax Incentives for Pharma & Life Science
Incubate New Discoveries with
R&D Tax Credits
To reward and encourage ingenuity, innovation, and discoveries, governments offer tax incentives. Let CTI help fund your progress by capturing all your potential tax credits.
Activities that can qualify
- Drug development or improvement
- Regulatory requirements compliance testing
- Shelf life or product stability improvements
- Testing prototypes for new product validation
- Software application development
- Quality assurance testing design
- Medical equipment design and development
- EPA-compliant processes or equipment development
How much businesses can save
Immune-Strengthening Drug
$4M/yr
Avg Annual Revenue
$110,000
Total Fed/State R&D Credits
Chronic Infection Testing
$3M/yr
Avg Annual Revenue
$85,000
Total Fed/State R&D Credits
One-Step Pregnancy Test
$100K/yr
Avg Annual Revenue
$100,000
Total Fed/State R&D Credits
How CTI makes tax incentives easy
The Challenge
Maximize State & Federal Credits
A specialty pharma company intended to expand and bolster its research and development expertise within the market. As such, the company wanted to acquire every possible tax credit available with its qualifying activities. And since most of their R&D activities occurred in California, the company was eligible for both federal and state credits.
Our Solution
Comprehensive Study Process
CTI’s elite team conducted a thorough R&D study to identify all qualifying R&D costs. A large portion of those expenses included wages for 150 scientists and R&D-related personnel. With all total tax credits, including the payroll offset, CTI captured $3.5 million for the pharma company.
Power Success with R&D Tax Credits
Innovation powers the economy. Government rewards you for it with tax incentives. Much of the research activity your firm performs may qualify.
Types of incentives
Employment Incentives
In recognition of the jobs and training that employers like you provide, governments offer employment incentives to help you offset payroll taxes, pay for employee training, and tap into new talent pools.
R&D Incentives
Research and development incentives reward businesses of all industries and sizes for technical approaches to problem-solving, thus promoting innovation and improvement for companies and the economy.
Cost Segregation
Increase cash flow with cost segregation’s accelerated depreciation for real estate assets. If you've acquired, remodeled, expanded, or constructed real estate, you can likely benefit from a cost segregation study.
Discretionary Incentives
Take advantage of your business location with discretionary incentives that go beyond standard incentive opportunities. Know where to look and how to negotiate in order to reap your full financial potential.
I really liked the audit protection, operating with the knowledge that CTI stands behind its work. Audit protection, personal relationships, and the ease of the step-by-step process...I could not be happier with the results.
Adam Zachs, Director of Compliance
Read case study
Soar to New Heights with Tax Incentives
Reach out to a tax consultant to learn how CTI powers your business for success.
