R&D Tax Credits for Software Development in Biotechnology

Due to high volume of R&D involved in software design and development processes in Biotechnology, companies in this sector are ideal candidates to claim R&D Tax Credits. A portion of your investment in activities, like developing and testing of treatments and therapies can be recouped through the R&D Tax Credits, which offsets your payroll and/or corporate tax liability.  Helping your organization save money on tax credits is a great way to allocate more funding to your bioinformatics data management efforts that are leading your company’s innovation.

In this “Fireside Chat” webinar, Gary Derheim of PTP will be talking with experts from Leyton, consultants and experts in R&D tax credits:  Brandon Carroll, Orel Moisa, and Andrew-Dave Simpson.

We will answer questions such as:

• What is the Federal R&D tax credit?
• What activities qualify for the tax credit?
• What costs qualify for the tax credit?
• Examples of R&D activities in Life Sciences
• What is the four-part test?
• How can PTP and Leyton assist?

Other PTP Education for Life Sciences

• PTP’s Case Study for Life Sciences with Voyager Therapeutics
• PTP’s Life Sciences Data Management Webinar Event with Quilt Data and AWS
• PTP’s Blog on High Performance Compute for Genomics Workloads

How Leyton & PTP Can Help

Companies in the Life Sciences sector are great candidates to claim R&D Tax Credits, and can qualify for large amounts of tax savings each year. Leyton has found that many companies that do claim the tax credits are often under-claiming; though they are the most in need of the maximum liquidity it offers.  Leyton’s unparalleled dual methodology of tax and technical expertise is specifically designed to help biotech and life science industries robustly claim and realize the tax credits to incentivize further innovation investment.

About PTP in Life Sciences

PTP architects, implements and optimizes AWS technology solutions that enable life sciences and healthcare organizations to develop faster, lower IT costs, and scale their operations. The AWS platform is trusted by the largest enterprises and the hottest startups alike to power a wide variety of workloads, including web and mobile applications, application development, data processing, warehousing, storage, archive and much more.

We are located in the Boston area, the hub of some of the most innovative companies and research institutions in the world in the life sciences, biotech, biopharma and healthcare spaces. We work with companies from start-up to seed funding, from public to pre-IPO, to help them meet security compliance requirements (HIPAA, GxP, etc.), reduce infrastructure costs, improve operational efficiencies, and ultimately innovate faster. Working alongside their IT teams, or directly with their scientists, we design and deploy flexible infrastructure solutions on AWS.