Partners for more than 15 years
Incyte Corporation (Nasdaq: INCY). Headquartered in Willmington, DE with 370 employees. In 1997 Incyte partnered with VPTax to manage its corporate income tax compliance. In the years that followed, Incyte underwent significant growth and transformation. VPTax was on hand to offer tax expertise and practical guidance every step of the way
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.”