Tax and Technical Expertise
Swanson Reed employs certified public accountants with specialist R&D experience.
The accounting and tax knowledge among our Tax and Legal team means that we can:
- Quickly understand your accounting systems;
- Investigate a methodology to capture costs on an ad hoc basis; and
- Minimize disruption to your financial work flow.
As certified public accountants have a requirement to provide the highest quality of service, one of our quality assurance practices is to engage a six-eye costing review by suitably qualified personnel for all engagements.
Training and Development
Swanson Reed will provide technical update sessions to your staff on changes to the R&D tax credit including a range of R&D issues that may arise during the R&D engagement process. Our experience has shown that an important way to maximize an R&D return is to increase staff awareness of the benefits of claiming the R&D tax incentive for your company.
We facilitate nationwide workshops and seminars that include:
- Identification of eligibility for your company’s projects under the new R&D tax incentive regime;
- Education on the types of activities that are eligible for the incentives, using case studies from successes in your industry;
- How we will work with you to proactively identify and track R&D projects going forward;
- What expenditure can be claimed;
- What substantiation is required to support each claim; and
- The commercialism, confidentiality and the potential benefit to your company.
To register for one of our many upcoming workshops click here.
Risk Management Policy
Swanson Reed understands that security, tax risk management, and audit control are critical to the success of any solution and that suppliers provide quality with minimal risk. With our in-depth industry knowledge our advice to you undergoes strict quality control and audit standards. To ensure your solution receives the highest levels of quality assurance.
Swanson Reed is certified to the ISO 31000:2009 Risk Management Standard. Why is this important? As a result of this certification, you can be assured that our claim preparation and advisory services to you have undergone the highest levels of quality assurance.
A copy of our risk management principles, policy and our tax risk matrices are available on request.
AUDIT ADVISORY SERVICES
One of the reasons businesses fail to take advantage of the financial benefits provided by R&D tax credits is the fear of being audited by the IRS. The US government could audit any company at any time; it’s the way they work to ensure compliance. When you prepare, plan and understand how to keep your accounts and documentation correctly, the fear of an audit is removed.
DON’T LET AN AUDIT STAND IN YOUR WAY
Auditing is one area you need to be prepared for and something that should be on the top of your list of considerations throughout the claims and eligibility processes of the R&D tax credit claim.It may sound stressful and daunting, but it does not need to be. The risk of an audit should not stand in your way of developing your business and making improvements that would benefit the industry and economy.
BE PREPARED WITH SWANSON REED
Defending audits need not feel like fighting a losing battle. We have defended many clients with a positive result and removing a lot of the confusion and stress while ensuring time is not taken away from any other area of the business.The IRS always comes prepared and that’s exactly what you must do. If you’re about to put in your claim, we invite you to contact us here at Swanson Reed to finalize the supporting documentation and have every part of the claim examined by our expert team so you’re fully prepared in the event of an audit.The best approach is to work through the planning and the claim process methodically, ensuring nothing is left to chance. When you work with us through the first stages of your planning and claim, we work with you to put your evidence to support your claim in order. You will have the correct paperwork to support the claim and we will help you with your accounts management so everything adds up.
NEED OUR ASSISTANCE WITH YOUR AUDIT?
Our tax specialists here at Swanson Reed are here to provide you with assistance if you went through the R&D tax credit claim individually. We provide you with the support, expertise and experience you require to take the pressure off the audit. With our excellent success rate we use all of the experience we have gained, along with our professional expertise, to your benefit.
At Swanson Reed, we always collaborate with our clients ensuring they are fully prepared for any aspect of the R&D tax credit process, from the planning to the application process, and we’ll defend you through the audit process should you need our assistance.
We work with businesses from all industries and sectors, representing our clients on all R&D tax credit concerns and fully supporting our clients with their eligibility criteria and documentation support. The Swanson Reed audit defense service provided for all industries is one of the factors that keep us ahead of the competition.