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AALogo wht 447x88
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INDUSTRY EXPERTISE

LIFE SCIENCES

SCOPE

Revolutionizing Healthcare

The life sciences industry is undergoing a transformative shift, with AI/ML adoption, personalized medicine, gene editing, and digital health driving innovation and improving patient outcomes while reducing costs.
of Accounting Firms are using AI or have plans for AI​
25 %
Accounting Firms are Working Remotely (at least part-time)​
80 %+
of Accountants are utilizing Cloud Accounting​
90 %+
Companies are Outsourcing Accounting and Business Process
37 %

OUR EXPERTISE

Specialized Accounting Practices for Innovation Success
Our services in Life Sciences Accounting cover a range of financial needs, including financial statement preparation, cost accounting, grant and contract management, R&D expense tracking, and tax planning.
  • All Posts
  • Accounting
  • Compliance
  • Corporate Tax
  • International Tax
  • People & Culture
  • Private Tax
  • Risk Advisory
  • Strategy
  • Tax Administration
  • Technology
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APPLIED.AI

SCOPE Unlocking Innovation & Efficiency Explore the transformative power of AI services in accounting and taxation. With our innovative technologies,…

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FORENSIC ACCOUNTING

SCOPE Detection and Prevention When disputes arise or fraud is suspected, accuracy and expertise are crucial. Our team of forensic…

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TAX POLICY

SCOPE Key Trends Shaping Modern Tax Policy The rise of remote work has led to increased scrutiny on cross-border taxation,…

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TAX SERVICES

SCOPE Financial Clarity and Success At our firm, we understand the importance of comprehensive tax services in helping individuals and…

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DIGITAL TRANSFORMATION

SCOPE Overcoming the Hurdles Digital transformation faces challenges such as integrating new tech with existing systems, overcoming cultural resistance, lack…

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INDUSTRY CONSULTING

SCOPE Expertise in Innovation and Strategy Companies are increasingly seeking guidance on integrating advanced technologies, adopting eco-friendly practices, and utilizing…

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DIGITAL ASSETS

SCOPE Breaking Boundaries The digital assets industry is witnessing several trends, including growing mainstream adoption, expansion of decentralized finance (DeFi)…

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Trending Insights

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Agile Short-Term Cash Flow Forecasting in Disruptions

The Future of Remote Accounting Operations

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RPA in Finance & Accounting Applications

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CFOs must be more than CPA

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Preparing Your Business for Lease Accounting Changes

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Indirect Tax Compliance

ADDITIONAL INSIGHTS

Technology, Corporate Tax

Blockchain-Based Asset Tracking for Accuracy

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The Impact of ASC 606 on Homebuilders

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Sustainable Tax Practices

5G in Finance: Connectivity’s Next Leap for Global Operations

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How AI Is Reshaping Financial Regulations

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Stakeholder Transparency through Digital Reporting Tools

TAILORED SERVICES

Industries Expertise

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Knowledge

Our Life Sciences Accounting services are designed to provide tailored financial solutions to companies operating in the life sciences industry. From financial statement preparation and audit support to grant and contract management, research and development expense tracking, and tax planning, our experts help clients navigate the complex financial landscape of the life sciences industry. We understand the unique challenges and regulatory requirements faced by life sciences companies, and our experienced team is dedicated to providing accurate, timely, and cost-effective financial solutions that help clients achieve their business goals.

Resources

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Sustainable Tax Practices

Learn how sustainable tax practices benefit businesses by promoting environmental responsibility and offering tax advantages. Discover strategies to optimize your tax planning for a more sustainable future. IntroductionAs the importance of environmental sustainability grows, companies are increasingly adopting sustainable tax practices that balance profitability with environmental and social responsibility. Sustainable

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Preparing Your Organization for Generative AI Integration

Successful AI adoption requires more than just implementation. It demands strategic planning and governance to prepare the workforce and leverage technology for driving innovation and efficiency. In today’s competitive market, organizations are increasingly turning to generative artificial intelligence (AI) to enhance efficiency and integrate data seamlessly. However, successful AI adoption

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IRS Reopens ERC Voluntary Disclosure Program

The ERC Voluntary Disclosure Program aids businesses in rectifying potential misclaims of the Employee Retention Credit, promoting transparency and compliance with IRS regulations. The IRS has recently announced a limited time reopening of the Employee Retention Credit (ERC) Voluntary Disclosure Program, creating a crucial opportunity for businesses that received ERC refunds for

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Revenue & Tax Proposals FY 2025

The Biden administration has released its 2025 Budget Proposal, outlining the president’s policy priorities and tax proposals in the next fiscal year from Apr 1, 2024, to Mar 31, 2025. U.S. Department of the Treasury also released the “Green book,” as an additional 256 pages for General Explanations providing further

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Technology Transforms Financial Management for SMEs

In today’s fast-paced business world, small and medium-sized enterprises (SMEs) face unique challenges in managing their finances. Limited resources, increased competition, and the need for real-time financial insights make efficient financial management critical for success. Thankfully, innovations in technology like cloud accounting, AI, and machine learning help SMEs improve their

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Corporate Transparency Affects Private Businesses in 2024

CTA (Corporate Transparency Act)The CTA was enacted by Congress on January 1, 2021, in an effort to combat financial crimes, money laundering, and corruption across all industries. The legislation mandates that privately held corporations, LLCs, partnerships, and other legal entities formed by filing with a Secretary of State must provide

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Strategies for Optimizing ERP Systems Without Replacement

Discover powerful strategies to supercharge your existing ERP system and transform it from a burden into a driving force for efficiency and profitability without the need for costly upgrades. If your enterprise resource planning (ERP) system is starting to feel more like a burden than a benefit, you’re not alone.

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Generative AI to Heighten Deception and Fraud Threats

AI brings forth a new wave of cybersecurity challenges and data vulnerabilities. Organizations must skillfully navigate the intricate relationship between AI and cybersecurity to manage these threats effectively. Explore innovative strategies to confront these challenges. As organizations embrace the transformative power of artificial intelligence (AI) to enhance efficiency and drive

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How AP Bots are Boosting Faster Payments

AP bots are strengthening and making more reliable contact between companies and suppliers by having better credit terms that result in mutual trust between parties. AP bots are changing a cumbersome, labor-intensive, and often time-consuming function into smooth, efficient processes. AP automation promises a reduction in operational costs and better

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Corporate Tax Capitalizing Technology Expenditures

Discover essential 2024 corporate tax planning updates, focusing on technology expenditure capitalization and the IRS’s latest compliance innovations. Corporate tax planning is no longer about simply “checking the boxes” – it’s about outsmarting tax complexity. With new regulations and IRS initiatives sprouting up like tech startups, businesses now have to

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Visualize Business Intelligence Dashboards

Find out how financial dashboards and BI tools turn complex data into accessible insights, aiding decision-making. Utilize real-time analytics for improved financial management. Smart Financial Dashboards: Visualizing Financial Data with BI ToolsModern businesses have huge volumes of financial data that need to be processed. The analysis is quite important in

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A Cross-Border Tax Odyssey: New Challenges of Pillar Two

Uncover the transformative impact of Pillar Two on international taxation and learn how businesses can adapt to new global minimum tax standards while avoiding the pitfalls of double taxation. For businesses engaged in international operations, the realm of cross-border taxation is undergoing significant changes. New regulations from the Organization for Economic

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