Life Sciences Organizations: Services Offered

Tax Services & Consulting for Life Sciences Companies

Aura Advisors works with scaling life sciences companies based anywhere in the United States as well as international companies with US subsidiaries. Many of our clients work in the digital health, drug development, or device manufacturing spaces, but we have the expertise to support firms in any area of focus.

We aim to serve as a consulting partner, working with your firm year-round to optimize your tax liability and ensure compliance.

Tax Credit & Incentive Support

As a life sciences company, you may be eligible for various tax credits, such as the Research & Development (R&D), Employee Retention Credit (ERC), or Orphan Drug credit. We help you claim each credit you qualify for.

Tax Compliance


Through federal filing, state filing, international disclosures, 1099s, estimated tax payments, and tax planning services, Aura Advisors ensures your life sciences firm stays in compliance with federal and state tax laws.

Accounting for Income Taxes

Approach financial audits with confidence thanks to ASC 740 & ASC 740-10 services. Ensure your financial statements are ready for a bank or investor requirement, new acquisition request, or as mandated for public trading by having Aura Advisors prepare your tax provision.

Transaction Planning

If your life sciences firm is involved on either side of a merger or acquisition, Aura Advisors can help with transaction planning. Set a fair purchase price, uncover unknown liabilities, and clarify areas of exposure with our M&A due diligence support.

IRS Launches Digitally Authenticated Tax Compliance Report: What You Should Know

Taxpayers who need to prove their federal tax compliance now have a faster way to obtain and share that information. On August 20, 2026, the IRS announced a new digitally authenticated Tax Compliance Report available through the IRS Individual Online Account. The...

California FTB Overcollections: When an Old Refund May Still Be Recoverable

Discovering that California collected too much tax is frustrating enough. Discovering the error years later, after the normal refund deadline has expired, can make the situation appear unrecoverable. A new Franchise Tax Board ruling provides an important exception in...

Made Money on a Prediction Market? California Says It Is Still Taxable Even Without a 1099

Prediction markets have moved quickly from a niche trading activity into the mainstream. These markets are exchange-based platforms where individuals buy and sell contracts tied to the outcome of a future event—such as election results, inflation reports, Federal...

Do Not Wait Until Tax Season to Build Your 2026 R&D Tax Credit Documentation

For many technology and life sciences companies, the records needed to support the 2026 Research and Development (R&D) tax credit are being created right now. Engineering tickets are being closed, sprint epics are moving into production, scientists are advancing...

Business Interest Deductions Changed Again: What New Section 163(j) Rules Mean for 2026

Businesses carrying significant debt have more room to deduct interest under the current Section 163(j) rules, but the impact depends on how the business calculates adjusted taxable income, or ATI, and how its financing and entity structure interact with the...

Should your Company File a Separate or Consolidated Corporate Tax Return?

When a business adds a corporate subsidiary or acquires another company, management may have a choice to make: should each corporation file its own federal income tax return, or should the affiliated group file one consolidated return? A consolidated return can allow...

Has Your Startup Outgrown Its Transfer Pricing Policy?

A transfer pricing arrangement that worked when a company was a start-up may no longer fit once that team develops core technology, manages customer relationships, or makes decisions that affect the company’s commercial risk. Many emerging-growth companies establish...

Should You Exercise Your Options Before an IPO or Acquisition? Questions to Ask First

For many employees with equity compensation, deciding whether to exercise stock options before an IPO (initial public offering) or acquisition can feel urgent. The upside is easy to imagine: a potential liquidity event, a lower strike price today, and the chance to...

Why Employee Meal Deductions Disappear in 2026 and What Businesses Should Do Next

Beginning in 2026, many businesses will face a quiet but meaningful tax change: the deduction for employer-provided meals is narrowing again. That includes common workplace staples such as on-site cafeterias, break room snacks, coffee, and certain meals furnished for...

No Profit But Still Taxed? How Gross Receipts Trigger State Exposure

Gross receipts taxes are structurally different from income taxes. Instead of taxing profit, taxes on gross receipts  tax revenue, which means a business can owe taxes even while reporting a financial loss. That distinction is especially important for early-stage...

“We have worked closely with Dana and her team at Aura Advisors for the past several years on our tax accounting and have always received nothing short of outstanding service in terms of diligence, timeliness and rigorousness. This is an A+ team, and I highly recommend them.”

Paul Muchowski, Ph.D., Defined Research