Uncover Swanson Reed’s Aviation, Aerospace & Space Patent of the Month. Read about groundbreaking R&D shaping the future of flight and space exploration.
Who We Are:
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725. Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.
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Aviation, Aerospace and Space Technology and the R&D Tax Credit
Small businesses in the aviation industry can leverage the Research and Development Tax Credit to reduce tax liability and reinvest savings into innovation, such as developing new aircraft components or improving fuel efficiency. Qualifying Research and Development expenses, including wages, supplies, and contractor costs, can yield significant credits. Additionally, startups and early-stage businesses may benefit from the Research and Development payroll tax offset, which allows them to apply up to $500,000 annually in credits against payroll taxes for up to five years. This helps offset payroll costs, freeing up capital for hiring, prototyping, and further research—critical for growth in a competitive industry.
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
Live Webinar: The R&D Tax Credit in the Aviation, Aerospace and Space Technology Industry
Duration: 60 Minutes
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
Cost: FREE
CE/CPE credits: Worth one hour
Knowledge Level: Basic*
Field of Study: Taxation
R&D Tax Credit Preparation Services
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.
R&D Tax Credit Audit Advisory Services
creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.
Our Fees
Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/services/our-fees/
