Baker Tilly Advantage for biotech and medtech companies
Back-office solutions custom-tailored for emerging biotech and medtech companies
Baker Tilly Advantage for biotech and medtech companies
Contact us today to get a personalized quote tailored to your biotech and medtech startup's needs.
Fast growing biotechnology (biotech) and medical technology (medtech) companies face constant pressure to maximize investor return on investment (ROI) by accelerating the development of innovative therapies and technologies. Navigating complex regulatory environments demands the ability to rapidly adapt to evolving needs while establishing efficient and scalable operations that can withstand the unique challenges and risks of the product life cycle.
Baker Tilly Advantage is designed to meet the unique needs of emerging biotech and medtech companies and startups. We alleviate the operational complexities and responsibilities related to tax, accounting and human resources, allowing you to focus on growing your business while ensuring a streamlined custom experience.
Outsourcing with Advantage helps you:
- Identify trends and plan for the future
- Keep the focus on development and innovation
- Streamline processes and improve controls
- Increase efficiency and reduce costs
The Advantage experience
Baker Tilly Advantage goes beyond addressing operational essentials. We provide a tailored experience, ensuring your business remains at the center of every solution we offer.
Let us handle the complexities of tax and human resources (HR) so you can focus on what matters.
Gain an Advantage
Every emerging biotech and medtech company is unique, so we work with you to develop service bundles just as unique as you are — setting you up for success now and for tomorrow. Our services include:
Core tax and accounting
- Outsourced monthly accounting
- Tax services — federal, state and local return preparation, entity structure, sales tax compliance, research and development (R&D) credit support, e-commerce issues, general planning and consulting
- Audit readiness and generally accepted accounting principles (GAAP) advisory expertise
- Sales and use tax compliance support
- Accounting specialization — revenue recognition, equity transactions, intangible assets, software and website development costs, business combinations, stock compensation
Human resources
- HR consulting
- Payroll implementation, setup, review, processing and support
- Complete outsourced/co-sourced HR support
- Federal, state and local HR compliance
- Talent management
- Benefits administration
- Access to HR resources to create job descriptions, determine salaries and understand federal, state and local HR compliance regulations
Specialized knowledge
- complianceNOW® suite of products
- Business valuation
- Buy-and sell-side due diligence
- Initial public offering (IPO) readiness support
- Corporate governance support
- Internal controls/the Sarbanes-Oxley Act (SOX) compliance support
- Technology based real-time financial reporting
Custom tech stack including leading solutions by:
- Avalara
- Sage Intacct
- ADP
- BILL
Seamless orchestration with complianceNOW®
complianceNOW® is a suite of technology-enabled life sciences compliance solutions that simplifies tedious, repetitive tasks. With complianceNOW®, leaders can confidently navigate and manage compliance and risk controls. Alongside offering comprehensive advisory and managed services, this solution enhances efficiency while upholding a robust compliance framework.
Efficiency enhancement
Simplifying and optimizing processes to reduce the workload of routine tasks for global stakeholders enables leaders to focus on higher value-added tasks.
Risk resilience
Implementing strong compliance and risk management controls within your organizational processes and systems enhances overall security and stability.
Empowered by experience
Enhance your product experience by leveraging the expertise of our advisory support professionals.
Scalable solutions
Whether incorporating a single product or the entire technology suite, all complianceNOW® products seamlessly integrate into our centralized hub.
Life sciences
Baker Tilly provides advisory, tax and assurance solutions that address the unique challenges and opportunities faced by life sciences companies.
Guiding insights
Internal audit: understanding co-sourcing and outsourcing models
Practical tips for using a co-sourced or outsourced model to overcome common internal audit challenges
The future of HR and payroll: staying compliant and mitigating risk
This on-demand webinar discusses recent human resources and payroll regulations, as well as provides a solution for employers looking for an easy way to stay up-to-date and in compliance.
From snoozer to hotshot: Mastering HSA education for maximum impact
Help your employees take the next step in their HSA savings journey through understanding their diverse and dynamic HSA personalities.
Biopharmaceutical company outsources compliance function to drive successful product launch
Discover how Baker Tilly helped a biopharmaceutical company implement a robust compliance program that helped drive strategic business decisions for a successful product launch.
Streamlining FMV compliance: Automating KOL tiering in pharma consulting
Learn how Baker Tilly helped a top global pharmaceutical company determine key opinion leader (KOL) tiers across different regions in which they operate using a novel automated tiering database.
With Baker Tilly Advantage, we can help scale your business by handling the critical tax, accounting and HR functions — so you can spend more time on strategy, innovation, growth and client relationships.Todd Bernhardt, Practice Leader, Baker Tilly Advantage
Meet our Advantage leaders
Backed by a top ten advisory, tax and assurance firm, Baker Tilly Advantage is dedicated to customizing business solutions that generate and sustain profitable growth. Our professionals balance innovation, productivity and risk at every turn, bringing extensive experience in supporting the financial and operational needs of life sciences companies.
