Federal Lawsuit that has no connection to our firm Swanson Reed has been dismissed. Case Name: Reed et al. v. Swanson et al. Case Number: 5:2021cv11392 Court: United States District Court for the [...]

For taxpayers, with a taxable year beginning in 2024 and ending before September 15, 2025, the IRS is granting an automatic extension of time to file superseding tax returns. Introduction On July [...]

OBBBA and R&D Deductions: Should You Amend or Hold Off for 2024? The One Big Beautiful Bill Act (OBBBA) gives small businesses a valuable opportunity: the ability to immediately deduct [...]

Swanson Reed, a global leader in R&D tax credit consulting, has just raised the bar by achieving the prestigious ISO 27001 certification, the gold standard for information security [...]

Congress Passes Bill Restoring Immediate R&D Tax Deductibility In a major win for American innovation, Congress has officially passed a bill on July 3, 2025, restoring the immediate expensing [...]

June 2025 brought major legislative changes for Texas businesses, with new laws that both supercharge research and development (R&D) incentives and ease burdens for small businesses. These [...]