Navigating the Growth Challenges Faced by Biotech CFOs with Kevin Sarney "Chief Financial Officers in the biotech industry operate in a complex and ever-changing financial landscape. In addition to being charged with traditional financial duties, they must navigate regulatory uncertainties, manage risks, and adjust to evolving market dynamics. We spoke to Kevin Sarney, Life Sciences Practice Leader for Charles River CFO, about the current financial environment for biotech com

A new U.S. compliance law is mandatory for many businesses to provide Beneficial Ownership Information. Are you ready?

by Kevin Sarney, Life Sciences Practice Leader Chief Financial Officers (CFOs) in the biotech industry find themselves at the forefront of a complex financial landscape. Their roles encompass far more than traditional financial management – they must navigate many challenges, from securing capital to dealing with regulatory uncertainties, managing financial risks, cyber risks and evolving market dynamics. #1 Capital Raising in an Evolving Investment Climate One of the most si

by Kevin Sarney, Life Sciences Practice Leader Taking your firm public is a significant milestone, opening up new opportunities for raising capital. However, the process can be complex and time-consuming, requiring careful planning and execution. In the US, there are three common routes to public listing. The fourth route, utilizing a SPAC (Special Purpose Acquisition Corporation) is not as popular in the last two years. OPTIONS 1. The first option is a traditional Initial

And Why Every Entrepreneur Should Know About It by James Crane, Tax Services Practice Leader The C Corp doesn't get much attention. In my experience with our clients, it is not well known. While many entrepreneurs gravitate towards and are best suited with an LLC or S Corp corporate structure, understanding the uniqueness of a C Corp as an alternative is important. Let me start by sharing two profiles that may be appropriate for a C Corp structure. The first is a high-income

5 Tips for Cost-Efficient Audit Readiness by Gardner Oleson, Technology and Manufacturing Practice Leader 1. Make sure the firm you hire is qualified to do the work. If they are not experienced as auditors themselves, it is highly unlikely they will understand the issues your auditors face. 2. Avoid audit adjustments. If you hire a qualified firm for audit readiness, you may avoid expensive and time-consuming adjustments during the auditing process. Delivery of audit readin

The Imperative of Compliance by Year End Is your company in compliance? The rules and regulations can seem overwhelming and complicated. Charles River CFO (CRCFO) has experienced Human Resource Advisors ready to perform an audit and get your company in compliance. Highlights Form I-9 Verification has changed effective 2023 Employees hired since March 20, 2020 need documents confirmed physically Verification compliance deadline is December 31, 2023. A recent Federal mandate r

There’s a reason your numbers aren’t quite right . . . But what is it? Talent? Technology? Processes? Or maybe a combination of all three? Charles River CFO's financial experts know where to look to uncover accounting trouble spots. With a financial and accounting assessment, you get a thorough, objective, third-party review that tells you exactly what’s going on with your numbers, plus detailed, actionable recommendations to get you back on track. The solution begins wi

By Kevin Sarney, CPA Life Sciences Practice Leader, Charles River CFO As we close out the year's first half, CFOs focus on the next six months. While Biotech valuations continue to be depressed, revenues have improved in 2023. And there is positive news in recent drug trial results, a slowing of inflation and a long-term steady growth outlook. Please join me and my colleagues on Thursday, September 14th for a webinar where we look at 5 business challenges and ideas for addr

Big and small entrepreneurs need someone to manage their companies’ finances to attain financial stability. Consider benefits of fractional

The R&D tax credit is available to U.S. companies developing new or improved business components. Get the specifics.

We want to share some tips and strategies for employee engagement and talent acquisition.

The answer is YES. As CFOs, we are often forward-facing, anticipating and addressing challenges and business risks our organizations are experiencing. The Employee Retention Tax Credit (ERTC), however, offers an opportunity to look back at the impact COVID-19 had on your organization from March 13, 2020, through September 30, 2021. While the credit is no longer available for quarters after September 30, 2021, companies can still file for the credit for the noted six quarters

As a CFO, the work and worries never stop. In my experiences, these are some of the areas that I found myself thinking at night.

Join Charles River CFO for this month's webinar conversation with Kevin Sarney, CPA, Life Sciences Practice Leader, as he moderates a panel

Today is the day for the drug trial readout from the blinded trial and plotting the course for the next higher valuation... but.

Audit Readiness: Is there an IPO in your future? What you need to know to prepare for an audit. Friday, March 26, 12:00 - 12:45 PM EST Our 2021 "CFO Call" Series is a monthly, topical conversation with a Charles River CFO Practice Leader. Join us for a quick presentation on significant issues impacting your business. Be part of the conversation. Ask questions and get answers that are important to you. Topic: Audit Readiness: Is there an IPO in your future? What you ne

Join us for CFO Call Series: R&D Tax Credits... how to get cash.

Kevin Sarney, Life Sciences Practice Leader Kevin Sarney has joined the leadership team as the Life Sciences Practice Leader and CFO. With over 20 years of experience in public and private life sciences companies, Kevin will lead the Charles River CFO team providing strategic CFO, accounting, and tax services. “With the continued growth of the biotech industry in the Boston area, we are excited to have Kevin on our team,” said Ann Vickers, CRCFO chief executive officer. “His

Keeping a handle on cash flow and burn, and make more of your costs variable. If you aren’t watching these metrics, we can help.