Don’t miss out, it might cost you.

Have you heard of R&D tax, the federal innovation scheme? Whether you know you’re eligible for a tax relief, or want to discuss your business’ operations and options with Detroit’s trusted research tax advisors, don’t hesitate to get in touch.

At Swanson Reed, our consultants are aware of the sheer amount of untapped tax relief that innovating businesses across Michigan and beyond could claim, and we dedicate ourselves to rectifying it – one business at a time. We’re a team of expert tax advisors with razor sharp knowledge of R&D tax claims. With us on your team you’ll have the best chance at securing the substantial tax relief your business may be entitled to.

How does the R&D tax incentive work?

In order to encourage innovation, research and development within our nation, the government launched the R&D tax scheme in 2008. This scheme offers tax relief to businesses that have a proven allocation of their yearly budget to innovation and technology. To further incentivise ongoing innovations, businesses receive higher claim maximums if they’ve qualified for R&D for multiple years in a row. To learn more about what makes a business eligible, don’t hesitate to reach out to our advisors for more information.

What makes a business eligible for R&D tax relief?

The term ‘research’ deters many eligible businesses from applying, which is why Swanson Reed is passionate about eliminating the guesswork from the process. Research and development simply mean that if you’ve allocated a portion of your yearly budget to innovations of any kind, you are eligible. This includes technological advances, trialling software, improving existing processes, and developing new products. If you’d like to learn more or request a consultation to further learn what we can do for you and your taxes, don’t hesitate to reach out to our team of research tax consultants.

Start a conversation today

Do you suspect your business could qualify for the R&D tax scheme? Our consultants put your suspicions to rest – either that means by securing you a healthy tax claim, providing advice on how you could become eligible, or simply by finding out that your business is not eligible yet. We help businesses from Huntsville to Detroit, St Louis and beyond. We’ll take care of the number crunching and the paper work. To reach out, simply give us a call at 1-844-467-9267.