Life Sciences & Pharma Archives

Accounting & Assurance Articles Life Sciences & Pharma

Inventory Costs and Net Realizable Value in Life Sciences

For life sciences companies that have moved from development into commercial production, inventory quickly becomes one of the largest and…

Jonathan BixbyOctober 22, 2026

Accounting & Assurance Articles Life Sciences & Pharma Tax Law Resources

Income Tax Disclosure Update for Life Sciences Companies

New income tax disclosure requirements under Accounting Standards Update (ASU) 2023-09 take effect for privately held companies in 2026. Understanding…

Tim TorresAugust 27, 2026

Articles Life Sciences & Pharma State and Local Tax

Gross Receipts Tax and the WAC Challenge

States have many ways to raise tax revenue from businesses: corporate income tax, franchise tax, sales and use tax, and…

Tim TorresJuly 14, 2026

Articles Life Sciences & Pharma Technology

The New Jersey Technology Business Tax Certificate Transfer (NOL) Program: A Funding Opportunity for Tech and Life Sciences Companies

For early-stage technology and life sciences companies based in New Jersey, the Technology Business Tax Certificate Transfer Program, commonly known…

Tim TorresMay 12, 2026

Articles Life Sciences & Pharma

Quick Tax Guide: What Life Sciences Leaders Need to Know

Navigating today’s evolving tax landscape can be challenging, especially for life sciences companies that must balance growth, innovation, and compliance.…

Tim TorresSeptember 24, 2025

Articles Business Tax Life Sciences & Pharma

State Tax Nexus and Compliance for Pharma and Life Sciences

“Nexus” is a Latin term that means connection and is key to understanding state and local tax obligations for businesses.…

Jenna SanfilippoSeptember 9, 2025

Articles Business Tax Life Sciences & Pharma

The Role of P.L. 86-272 for State Tax Compliance for the Pharmaceutical Industry

Public Law 86-272 (P.L. 86-272), a 1959 law, was passed to protect interstate businesses from unnecessary state income tax. The…

Tim TorresAugust 6, 2025

Articles Life Sciences & Pharma

Prescription for Savings: How Pharmacy Owners Can Benefit from IRC 1202

Internal Revenue Code (IRC) Section 1202 provides a tax exclusion for certain gains from the sale of qualified small business…

Tim TorresJuly 3, 2025

Articles Life Sciences & Pharma Tax Law Legislation

Consider Section 174 When Selling a Life Science Business

Since 1954, Internal Revenue Code Section 174 has allowed Life Science companies engaged in research and development to deduct those…

Tim TorresJune 13, 2025

Articles Life Sciences & Pharma

House Draft Bill Proposes Immediate Expensing for Section 174 R&D Costs

Among the handful of provisions in the House draft legislative package, called “The One, Big, Beautiful Bill,” is a long-awaited change…

Bridget UribeMay 16, 2025