Answer Capsule: The Illinois Quantum Information Science (QIS) Research and Development Tax Credit is a strategic fiscal incentive offering a 13% income tax credit on total qualifying [...]
Quick Answer: The “Written Agreement” required for allocating the Illinois Research and Development (R&D) tax credit by a pass-through entity (PTE) is the entity’s [...]
Quick Answer: A Unitary Business Group (UBG) in Illinois consists of highly integrated related entities that function as a single economic enterprise. When claiming the Illinois R&D Tax [...]
What is the “Taxable Year” for the Illinois R&D Tax Credit? The “Taxable Year” for the Illinois Research and Development (R&D) Tax Credit aligns with the annual [...]
Answer Capsule: The Personal Property Tax Replacement Income Tax (PPTRIT), imposed under IITA Sections 201(c) and (d), is a mandatory Illinois state liability that directly funds local [...]
Answer Capsule: The Illinois R&D Tax Credit (IITA Section 201(k)) provides a 6.5% non-refundable credit offset strictly against the state’s primary income tax liabilities under IITA [...]
Quick Answer: What is the Illinois Schedule K-1-P? The Illinois Schedule K-1-P is a critical state tax document used by flow-through entities (such as S corporations and partnerships) to study [...]
Quick Answer: The Illinois R&D tax credit provides a non-refundable 6.5% reduction for qualified research expenditures in the state. For Pass-Through Entities (PTEs) like Partnerships, S [...]
Posted onTrustindex verifies that the original source of the review is Google. I've been claiming R&D credits for over two decades now and this is the most knowledgeable and efficient team I have encountered thus far. Can't recommend them enough.Posted onTrustindex verifies that the original source of the review is Google. We have partnered with Swanson & Reed for several years now, and their service has been nothing short of exceptional. Their team is efficient, highly attentive, and brings deep industry knowledge, ensuring a smooth and seamless experience. Their expertise and responsiveness make working with them a pleasure. They consistently provide valuable insights and support, making the entire process effortless. I highly recommend their services to any business seeking expert guidance in R&D claims.Posted onTrustindex verifies that the original source of the review is Google. Adam, Cherie, and the team have supported us every step of the way through multiple R&D claims. Their guidance in gathering the necessary information has been invaluable, making the process straightforward while ensuring full compliance. Their expertise has turned what could be an overwhelming task into a manageable one. Swanson Reed’s assistance has been instrumental in the success of our applications. Their professionalism and attention to detail have given us confidence throughout the process, making them an essential partner in our R&D efforts.Posted onTrustindex verifies that the original source of the review is Google. We connected with Adam and Cherie at Swanson Reed based on a referral from a trusted associate. Over the past four years, they have guided my company through the complexities of research and development incentives provided by the Federal Government. Their knowledge and support have been invaluable in streamlining the process and ensuring we make the most of these opportunities. This partnership has been the most crucial in securing financial backing for our startup’s growth. Their dedication and expertise have made a significant impact, and I wholeheartedly endorse Swanson Reed to any business looking to leverage R&D incentives.Posted onTrustindex verifies that the original source of the review is Google. An unbelievable experience, in the best way. Cherie Jones and her team are extremely helpful and beyond organized. They actually took the time to teach us things. Thank you so much for our ongoing partnership. I am truly grateful. I have already sent a few of my connections your way.Load more
