Over the years VPTax:
- Helped Incyte utilize research and development (R&D) tax credits by managing the entire process, yielding millions of dollars in potential tax savings. In addition to assisting the company with the strategy for R&D tax credits, VPTax evaluated the quality of the credits under FIN 48, and supported Incyte while under audit.
- Supported Incyte through a major restructuring, helping to shut down state filing obligations as the company changed course and moved operations across the country.
- Advised Incyte on various issues, including general tax issues, shutting down foreign subsidiaries, sales tax compliance and preparation, and preparing financial statement disclosures related to income taxes.
- Continues to help the company meet its growing needs as Incyte continues to experience dramatic growth.
Paul Trower, VP, and Controller says: “We appreciate that VPTax is client-focused, hands-on and accessible,”
“They have a lot of experience and skills dealing with a wide range of issues, and get back to me right away whenever I have questions.”
“Our company has changed quite a bit over the years, and the comfort of having a tax team that doesn’t change every 9-12 months, as often happens in the industry, has been tremendous.”