Philadephia R&D Tax Credit Explained for Businesses

R&D Tax Credits for Philadelphia, Pennsylvania Businesses

Philadelphia, Pennsylvania, is a major hub for industries such as healthcare, education, finance, technology, and manufacturing. Top companies in the city include the University of Pennsylvania Health System, a leading healthcare provider; Comcast, a major technology employer; the University of Pennsylvania, a significant educational institution; Vanguard Group, a key player in the finance sector; and GlaxoSmithKline, a prominent manufacturing company. The Research and Development (R&D) Tax Credit can help these industries save on taxes by encouraging innovation and technological advancements.

By reducing tax liability, businesses can reinvest in R&D, improve efficiency, and develop new products, enhancing their competitiveness and driving economic growth in Philadelphia.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 2001 Market Street, Philadelphia, Pennsylvania provides R&D tax credit consulting and advisory services to Philadelphia.

If you have any questions or need further assistance, please call or email our local Pennsylvania Partner on (267) 899-0130.
Feel free to book a quick teleconference with one of our Pennsylvania R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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