Tag Archives: BioTech

Fund Profile: The Abell Foundation Invests in Baltimore Companies

This is the first in a series of scheduled blog posts about funds that invest in Metro DC/Baltimore area companies.  The Abell Foundation is dedicated to the improvement of the quality of life in Baltimore City. The Foundation, which was established about 28 years ago, is the largest private foundation serving only Maryland. Through the […]

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Possible Qualifying Therapeutic Discovery Project (QTDP) Grant Renewal

The Qualifying Therapeutic Discovery Project provides $1 billion in Federal tax credits or grants to biotech firms. The grant was initially a one-time grant that was introduced last year to encourage research and development in biotech firms. Nearly 3,000 firms received an award but there was wide spread disappointment in the manner the grants were […]

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Biotechnology Business Tax Credits for Maryland!

Last month, H.B. 587 entitled “Biotechnology Investment Tax Credit – Qualified Maryland Biotechnology Company” became law.  This provides income tax credits for fiscal year 2012 and 2013 equal to 50% of an eligible investment for investors in qualified Maryland biotechnology companies.  This tax credit program offers incentives for investment in seed and early stage biotech […]

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Revenue Recognition is changing for Tech Companies and Others with Multiple Deliverables

Submitted by Don Gutman One of the constant accounting challenges companies face is the development of an appropriate revenue recognition model for the broad array of products and services they sell to customers.  We have seen many examples of public companies restating financial statements as a result of using inappropriate revenue recognition methods.  A classic […]

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Virginia Tax Break Supports Tech Start-ups

In April 2010 Virginia enacted legislation that may significantly help hi-tech and biotech start-ups raise capital in Virginia.  SB 428 (Virginia Innovation Investment Act) Grants an income tax deduction for any income taxed as a long-term capital gain for federal income tax purposes or any income taxed as investment services partnership interest income, on or […]

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