UPCOMING LIVE WEBINAR

The R&D Tax Credit in the Textiles, Clothing and Footwear Industries

Date & Time: Wednesday, October 1, 2025 at 1:00 pm CT | Duration: 60 Minutes

R&D Tax Credits: 80% of companies that qualify and don’t claim! Every year, companies throw away thousands or even hundreds of thousands of dollars because of simple misunderstandings surrounding the research and development (R&D) tax credit. Amendment claims can go back three years and in most situations produce sizable refunds for past R&D activities.

WEBINAR DETAILS

Title: The R&D Tax Credit in the Textiles, Clothing and Footwear Industries

Date: Wednesday, October 1, 2025

Time: 1:00 pm – 2:00 pm Central Time

Cost: FREE

Learning objectives include:

An overview of R&D Tax Credits
Identify Qualifying Research Activities
Define the 4-Part Test
How to substantiate activities through documentation
Identify Qualifying Research Expenses

CE/CPE credits: Worth one hour

Knowledge Level: Basic*

Field of Study: Taxation

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We are certified to the ISO31000:2009 Risk Management standard
We are NASBA certified and provide daily CPE credits to CPAs, CFPs, and SMBs
We are an IRS approved Continuing Education provider for CPAs and Enrolled Agents
We have an rated A+ with the Better Businese Beureau
Our R&D tax audit insurance product, creditARMOR is one of the most cost effective tools on the market
Our AI language model, TaxTrex prepares R&D tax credit claims in less than 90 minutes.
Each R&D tax claims prepared by Swanson Reed undergo a six eye review by a Qualified Engineer, Scientist and Enrolled Agent or CPA.

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Small businesses in the Textile, Clothing, and Footwear industry can significantly benefit from the Research and Development tax credit by offsetting costs associated with developing new materials, improving manufacturing processes, or designing innovative products. Activities like testing novel fabrics, streamlining production lines, or creating sustainable solutions qualify. Crucially, the startup Research and Development payroll tax offset allows eligible businesses to apply the credit against their payroll tax liability, providing a valuable cash flow boost, particularly for early-stage companies, even if they aren’t yet profitable. This frees up capital to reinvest in further innovation and growth.

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Clothing and Footwear Case Study

Textile and Footwear companies are at the forefront of innovation, continuously investing in new products and processes to stay competitive and meet evolving consumer demands. The Research and Development (R&D) tax credit offers a powerful incentive for these businesses to pursue groundbreaking advancements while significantly reducing their tax burden. For this industry, eligible R&D activities can include the development of advanced fabrics with enhanced durability or performance, the creation of new coating formulations to improve resistance to wear and weather, or the design of footwear and apparel with improved functionality for various environments and conditions. These innovations not only enhance product quality and customer satisfaction but also help companies streamline production, reduce waste, and meet sustainability goals. By leveraging R&D tax credits, Textile and Footwear companies can reinvest savings into further research, accelerate product development cycles, and maintain a strong competitive edge in both domestic and international markets. This financial support empowers companies of all sizes—from established manufacturers to emerging designers—to bring innovative ideas to market more efficiently. Ultimately, the R&D tax credit serves as a vital tool that fosters growth, encourages technological progress, and strengthens the industry’s ability to adapt to future challenges.