Bowers R&D Associates, and the Value of R&D Tax Credits
| Laura Berry is an Ambassador of Buzz and a Client Relationship Manager at Bowers R&D Associates where she helps business owners access federal and state research and development tax credits. With more money in their pockets, these innovators can continue to fund their passions and bring new projects to life. Learn more. |
Research and development (R&D) tax credits are a valuable resource for life science companies. A reduction in tax liability is of paramount importance, and this is just one reason why companies should work with R&D tax credit specialists, like Bowers R&D Associates.
Tim Pearas, Co-founder and Chief Scientific Officer of Bridge Therapeutics said his Alabama-based company will benefit from claiming a federal R&D tax credit.
While looking for an R&D tax credit consultant, Pearas decided to employ Bowers R&D Associates, a boutique firm that works with clients across the nation.
“It was great. Their staff were knowledgeable and polite, both explaining the procedure and coaching on how best to answer survey questions. We were approached by others before, but they did not seem as credible as Bowers R&D Associates,” he said.
Pearas noted that he is looking forward to working with the firm again next year and recommends that other life science companies invest in an R&D tax credit study in order to reduce their tax burden.
One feature of Bowers R&D Associates that is of key importance is the fact that the firm focuses solely on federal and state R&D tax credits. The staff are intimately familiar with the idiosyncrasies of these programs and are acutely aware of how recent changes to writing off R&D expenses are affecting innovative companies.
“When working with clients who are investing in high dollar research and development projects, it’s critical to have a team who know these credits inside and out,” said David Bowers, CEO at Bowers R&D Associates.
The firm is also able to broker sales of transferrable credits, further bolstering their clients’ financial health.
Bowers commented that growing life science companies face immense financial pressures. Because of that, Bowers said it’s essential for these companies to make use of every resource available and to work with experts who can help navigate the intricacies involved with obtaining federal and state R&D tax credits.
“We welcome the opportunity to educate those in the life science community on these invaluable resources and enable them to be in a much stronger financial position,” Bowers said.
Want the opportunity to enjoy dinner, drinks, and hear from industry experts how you can improve your company’s financial health? Register below for BBTC Life Sciences, on Friday January 19th at Alloy in King of Prussia.
