We invest our resources in getting to know yours - so you can get to the next stage.

Unlike other industries, most life science companies rely heavily on regulatory approval from the FDA before generating significant revenues. This approval often requires tremendous investments of time, money, and outside capital.

Hood & Strong LLP and our affiliates have invested in specialized education and training so that we can offer you a team of auditors, tax specialists, business and financial consultants who understand your business cycles and the various challenges that you face. To prepare you to meet these challenges, we first develop an understanding of your unique situation and then we create a road map to help navigate you through the different lifecycles of your company, as a startup through clinical trials and beyond. Plus, we bring together our extensive experience in several related areas like healthcare, research, technology, and manufacturing.

When you work with Hood & Strong LLP, you will be working with one of the oldest and largest Bay Area CPA firms whose work and reputation is highly regarded among not only the largest accounting firms and other service providers but with investors and creditors as well. Plus, as your needs grow we can offer clients the resources of one of the largest national accounting firms, through our RSM McGladrey affiliation.

We understand the complex issues you face including:

• Financing
Many life science companies receive funding from private capital, government or foundation sources before they can take their product or service to market. This investment can result in numerous complex accounting issues and may require special audits. We understand the accounting treatment and nuances of this type of funding and our experienced professionals properly report the funding from both an accounting and financial perspective. In addition, we can help with any grant audit requirements, including Single Audits, you may have.
• Revenue Recognition
• Stock Options
• Cost/Expense Accounting
• Research and Development Credits
• Tax Strategies including the Domestic Manufacturing Deduction

Audit and Assurance Services
Business Process Improvement
Emerging Business Services
Executive Search
Exit Strategies
Financial Planning
Information Technology Services
Operational Reviews
Private Equity Assistance
Productivity Improvement
Sarbanes-Oxley Consulting
Strategic Planning
Tax Services

• State and Local Tax
• International Tax
• Cost Segregation Studies
• Research and Development Tax Credits
• Enterprise Zone Tax Credits