R&D Tax Credits for Virginia Beach, Virginia Businesses

Virginia Beach, Virginia, is a major hub for industries such as tourism, healthcare, education, military, and technology. Top companies in the city include the Virginia Beach Tourism Office, a leading tourism organization; Sentara Healthcare, a major healthcare provider; Regent University, a significant educational institution; the U.S. Navy, a key player in the military sector; and Amerigroup, a prominent technology company. The Research and Development (R&D) Tax Credit can help these industries save on taxes by encouraging innovation and technological advancements.

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

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.



Virginia Beach, Virginia Patent of the Year – 2024/2025

Packet Forensics LLC has been awarded the 2024/2025 Patent of the Year for its groundbreaking innovation in network security. Their invention, detailed in U.S. Patent No. 11863396, titled ‘Passive assessment of signal relays amongst bystanders’, introduces a novel method for covertly monitoring and analyzing network communications using an embedded sensor.

This technology enables a sensor, discreetly installed within a network, to autonomously identify active devices and emulate their network addresses. By doing so, it can participate in network communications without disrupting normal operations. This passive approach allows for real-time monitoring and assessment of data flows, providing valuable insights into network behavior and potential security threats.

The sensor operates by determining the network address of the router and detecting clients actively communicating within the network. It then emulates these clients to monitor communications, assess data traffic, and even filter or modify content in transit. This method enhances the ability to detect and manage adversarial activities without alerting malicious actors, as the sensor’s presence remains concealed.

Packet Forensics’ innovation represents a significant advancement in cybersecurity, offering a stealthy and efficient tool for network administrators and security professionals. By enabling passive monitoring and assessment, this technology provides a proactive approach to identifying and mitigating potential threats, ensuring the integrity and security of digital communications.


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Virginia Office 

Swanson Reed | Specialist R&D Tax Advisors
919 East Main Street
Richmond, VA 23219

 

Phone: (804) 773-3219