Overview
Swanson Reed is a leading R&D tax advisory firm with a dedicated office in South Carolina, located at 4000 South Faber Place Drive, Charleston. The firm assists businesses across the state—including Columbia, Charleston, North Charleston, Mount Pleasant, Rock Hill, Greenville, Summerville, Sumter, Hilton Head Island, and Spartanburg—in identifying and claiming both federal and South Carolina state R&D tax credits.
The South Carolina R&D Tax Credit, known as the Qualified Research and Development Tax Credit, offers a credit rate of 5% of the Qualified Research Expenses (QREs) that occurred in South Carolina. The credit cannot exceed 50% of a taxpayer's liability, and any unused credit can be carried forward for up to 10 years.
