Explore Swanson Reed’s Pharma, Medical Devices & Healthcare Patent of the Month. Discover vital R&D advancements improving patient care and medicine.
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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Pharmaceutical and Life Science Industries and the R&D Tax Credit
Small businesses in the pharmaceutical industry can significantly benefit from the Research and Development tax credit, turning their innovative efforts into substantial tax savings. This credit directly reduces federal tax liability, freeing up capital that can be reinvested in further research, development of new drugs, medical devices, or improved manufacturing processes. Crucially, eligible startups and pre-revenue companies can utilize the Research and Development payroll tax offset, which allows them to apply a portion of their Research and Development credit against their employer’s share of FICA payroll taxes. This immediate cash benefit directly offsets payroll costs, providing vital liquidity for young companies often operating at a loss while pursuing groundbreaking pharmaceutical advancements.
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 Pharmaceuticals, Medical Devices and Healthcare Industries
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:Ā FREE
CE/CPE credits:Ā Ā Ā Ā Ā Worth one hour
Knowledge Level:Ā Ā Ā Basic*
Field of Study:Ā Ā Ā Ā Ā Ā Ā 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 feesādelivering 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/
