Biotech

Life Sciences Industry

Biotechnology companies face significant challenges as they seek to push the performance envelope and maintain continual innovation while operating within a strictly scrutinized regulatory environment. Armanino's deep experience in technology and biotech manufacturing gives us insight into industry best practices, allowing us to help companies maintain compliance, maximize available funds for R&D, minimize time to market and increase profits so they can grow their business and outperform global competition.

Our Approach

Our experienced team of CPAs, former CFOs and industry operations and supply chain experts helps biotechnology companies find the smartest audit, tax, consulting and technology solutions for their operational and strategic needs. We help companies at all growth stages maximize their efficiency and build their business.

Audit

We can organize an efficient and cost-effective audit or review, ensuring that financial statements display accurate and meaningful results. Our services include:

Financial statement audits and reviews
Agreed-upon procedures
Equity accounting
Technical accounting guidance
SEC filings and disclosures
IFRS adoption/transition
Transfer pricing
SOX 404 compliance
Internal control evaluations for minimizing risk
Automation of revenue recognition
Internal project tracking for R&D
Enabling customer entitlement and product warranty/maintenance tracking
Automation of order-to-cash processes
Process re-engineering
Best practices for policies and procedures

Audit Services →

Tax

We have extensive experience with the complex tax issues that impact biotechnology companies in the United States and abroad. Our tax experts provide filing guidance and help clients address key concerns and identify strategic tax-planning opportunities. Our services include:

Tax provision consulting/FIN 48
International tax and transfer pricing
Tax compliance
State and local tax
Loan staffing
Stock option accounting (123R) and complex tax data analysis
Tax process design
R&D credit studies, implementations, reviews and updates
IRS audit support
Net operating loss limitation analysis (Section 382)
Mergers and acquisitions
Expatriate tax services
Intellectual property (IP) offshore planning for tax minimization

Tax Services →

Consulting

Your biotech business is already awash in data. It’s time to exploit it effectively. Armanino helps you achieve compliance and identify the right analytics to meet strategic business objectives with our ERP, CRM, business intelligence, equity management, and budgeting and forecasting solutions. We also recommend streamlined business processes to accelerate the development and monetization of new products and reduction of operational costs. Learn more about Armanino’s biotechnology industry consulting expertise.