Chesapeake R&D Tax Credit Explained for Businesses

R&D Tax Credits for Chesapeake, Virginia Businesses

Chesapeake, Virginia, is known for industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Chesapeake Regional Healthcare, a leading healthcare provider; Tidewater Community College, a major educational institution; Dollar Tree, a significant manufacturing employer; the Greenbrier Mall, a key player in the retail sector; and Amerigroup, a prominent technology company. The R&D Tax Credit can help these industries save on taxes by encouraging innovation and technological advancements.

find out more

Are you eligible?

Why choose us?

Pass an Audit?

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 919 East Main Street, Richmond, Virginia is less than 110 miles away from Chesapeake and provides R&D tax credit consulting and advisory services to Chesapeake and the surrounding areas such as: Norfolk, Newport News, Hampton, Suffolk and Portsmouth.

If you have any questions or need further assistance, please call or email our local Virginia Partner on (804) 773-3219.
Feel free to book a quick teleconference with one of our Virginia 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.

Schedule a Teleconference

Chesapeake, Virginia Patent of the Year – 2024/2025

Special Tactical Services LLC has been awarded the 2024/2025 Patent of the Year for its innovation in firearm monitoring technology. Their invention, detailed in U.S. Patent No. 12152846, titled ‘Systems and methods for weapon event detection’, introduces a device that enhances situational awareness by detecting and recording firearm events in real time.

This compact device attaches to or integrates into a firearm and utilizes multiple sensors to monitor various attributes of the weapon and its environment. By analyzing signals such as sound and movement, the system can identify specific events like slide manipulations or discharges. The collected data is processed and can be transmitted to user systems for purposes including training, record keeping, and legal documentation.

The technology provides a non-intrusive method for tracking weapon usage, offering valuable insights for military, law enforcement, and security personnel. Its ability to accurately detect and log events without altering the firearm’s operation ensures reliability and effectiveness in the field.

Special Tactical Services’ development represents a significant advancement in firearm event monitoring, contributing to improved safety protocols and accountability measures across various sectors.