Discover Swanson Reed’s Textiles, Clothing & Footwear Patent of the Month. Explore innovative R&D in smart fabrics, manufacturing, and sustainable fashion.
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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Textiles, Clothing and Footwear Industries and the R&D Tax Credit
Small businesses in the Textiles, 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.
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 Textile, Clothing and Footwear 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: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/
