About Interest Charge – Domestic International Sales Corporations (IC-DISC)
As long as the dividend rate remains at a lower rate than ordinary income rates, the Interest Charge – Domestic International Sales Corporation (IC-DISC) could be beneficial for your exporting...
View ArticleWhat You Need to Know about Accounting for Development Stage Entities
Life Science and Innovation entities should think about whether their business will be considered a Development Stage Entity (DSE). DSEs have additional financial statement disclosure and reporting...
View ArticleNew 2.3% Medical Equipment Tax
Beginning January 1, 2013, all sales of medical equipment will be subject to a new 2.3% excise tax. This tax was enacted through The Health Care and Education Reconciliation Act of 2010. The tax is...
View ArticleNeed Funding for Your Startup? Alternative Sources Exist
Starting a successful business requires more than a great idea, it requires funding. Beyond your traditional sources - banks, credit unions, loans from family or friends - there are other options. See...
View ArticleThere’s No Such Thing as a Free Lunch - Receiving Grant Money? Know What’s...
If your company is in a Life Science and Innovation industry, such as biotech, biomed, health IT, nanotechnologies, or communications, you may receive money from local, state or Federal grant programs...
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How to Compute the Research & Development Tax Credit in a Merger or Acquisition
The American Taxpayer Relief Act of 2012 (the Act) extends the Section 41 Research & Experimentation Tax Credit (or the R&D Tax Credit) for two years retroactively from January 1, 2012 -...
View ArticleCrowdfunding… what’s next?
Just Google “crowdfunding” and you will be rewarded with hours of entertainment. Main Street’s attempt at bargain investment opportunities held exclusively for years by Wall Street, “accredited...
View Article$150 Million Available under IRC Section 48C Tax Credits for Qualifying...
Phase II of the qualifying advanced energy program is now in effect by re-allocating Phase I credits that remain. The IRS just announced that $150 million are available under this program for clean...
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Free Offer Friday: Communication Strategies: Delivering the Right Message...
When a company ventures down the FDA approval process, they can expect to communicate with four key groups. These groups include regulators, the medical scientific community, the patient community and...
View ArticleIs there a 3D printer in your future?
If you haven’t looked into 3D printing yet, maybe you should. 3D printing started in the mid-80’s but it is now emerging as a technology that may well change the way many products are created....
View ArticleSEC Ready to Put the Fun Back into Crowdfunding
Earlier this week, the SEC lifted the general solicitation ban for Title II of the JOBS Act. Why is this important, what does it mean and just HOW exciting is this news to the Average Joe or Mary?...
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Crowdfunding Update: 5 points to keep you compliant
As business advisors, we want to help our clients and contacts grow their businesses and find success in today’s marketplace. Use of our networks including referrals to bankers, individual investors,...
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Small Business Classification: Possible Changes Affecting Development Stage...
Under current accounting standards, startup companies that are devoting substantially all of their efforts to creating a new business may be considered Development Stage Entities (DSE) if either 1)...
View ArticleNew Procedure Steamlines Patent Infringement Defense
The following article is brought to you by our colleagues at the law firm of Hahn Loeser & Parks. Companies accused of patent infringement now have a more cost effective method to contest the...
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Good Medicine: Pharma Industry Seeing Positive Steps From the Top Down
With Northeast Ohio strengthening its foundation in the bioscience space, we’ve kept a close eye on patent law developments that may impact or impede a company's road to progress.In a recent article in...
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