Case Study

Savings achieved through R&D tax credits

Savings achieved through R&D tax credits

Pages 2 Pages

US Pharmaceuticals is a contract manufacturing organization (CMO), private label manufacturer and distributor of over-the-counter pharmaceuticals. Their products sell through major retail pharmacies — including Walgreens, Rite-Aid and CVS — as private label brands and through institutional healthcare distributors. Unaware that the availability of R&D tax credits that could help reduce the company’s tax liability was resulting in a missed opportunity to put money back into the business. Dinesh Patel, president, shares his story with ADP®. A history with ADP Prior to 1999, the company was much smaller — with approximately 10 to 15 employees — and we used to handle our own payroll. But as we grew past those numbers, I turned to ADP to handle that for us. Currently we’re using the RUN

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