UPCOMING LIVE WEBINAR

The R&D Tax Credit in the Automotive, Aviation and Transportation Industries

Date & Time: Thursday, September 25, 2025 at 1:00 pm CT | Duration: 60 Minutes

R&D Tax Credits: 80% of companies that qualify 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 Automotive, Aviation and Transportation Industries

Date: Thursday, September 25, 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 transportation industry can benefit significantly from the Research and Development tax credit by claiming expenses related to developing or improving logistics systems, routing software, or vehicle technology. The startup Research and Development payroll tax offset is especially valuable, allowing eligible early-stage companies to apply the credit—up to $500,000 annually—against their payroll tax liability. This helps reduce employment tax costs, freeing up capital to invest in innovation, hire talent, and scale operations. By leveraging this incentive, transportation startups can boost competitiveness and growth while easing the burden of payroll expenses.

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Transportation Case Study

Earhart Engineering, a renowned company in transportation methods, systems, and equipment, proposed an R&D plan for the ‘Self-e,’ an electric, self-operating vehicle/aircraft. Their goal was a legal, machine-operated vehicle/aircraft with a 500-mile battery range. To qualify for the Research and Experimentation Tax Credit, their “qualified research” had to meet Congress’s Four-Part Test. Earhart Engineering declared several activities as eligible R&D work, including designing and developing prototypes to achieve technical objectives, conducting trials and analyzing data for reproducible results and hypothesis testing, engaging in background research to identify knowledge gaps and feasibility, and continuously analyzing customer feedback to improve the prototype design. Qualified research involves developing new or improved business components, which are products, processes, techniques, inventions, formulas, or computer software intended for sale, lease, license, or use in the taxpayer’s business. The Four-Part Test requires a permitted purpose (creating new or improved functionality, performance, reliability, or quality), elimination of uncertainty (discovering information to address uncertainty in development, method, or design), a process of experimentation (a systematic process to evaluate alternatives when results or design are uncertain), and a technological nature (reliance on hard science principles). Earhart Engineering maintained thorough documentation, including literature reviews, background research, meeting notes, project records, conceptual sketches, design drawings, and visual media, ensuring compliance readiness for potential IRS audits. Click here to learn more.