A prominent global R&D tax advisory firm, Swanson Reed, has unveiled the launch of its groundbreaking new product, creditARMOR, manufactured to redefine how businesses safeguard their R&D tax credit claims.
creditARMOR is an integration of insurance-backed audit defense protection with AI-powered compliance and response tools, enabling businesses an unprecedented level of security as well as confidence when claiming valuable R&D tax credits.
Key features offered by creditARMOR are:
- AI-Powered Audit Risk Detection—Utilizes advanced natural language processing along with adoption of machine learning to analyze R&D documentation, flag potential compliance issues, and identify areas likely to be questioned during an IRS or state audit.
- Intelligent Response Guidance - Generates suggested audit responses, backed by Swanson Reed's decades of R&D expertise, ensuring answers are accurate, complete, as well as tailored to the auditor's likely concerns.
- Audit Defense Insurance - Covers the costs of engaging CPAs, attorneys, with R&D tax experts in the event of an audit.
- Pre-Audit Review - Gives a comprehensive review of claims to strengthen documentation and reduce the likelihood of audit challenges.
- Expert Network Access - Connects clients to Swanson Reed's nationwide team of R&D tax specialists for hands-on support throughout the audit lifecycle.
Swanson Reed's exclusive focus on R&D tax credits ensures:
- AI-driven audit intelligence that not only identifies risks before submission but also improves audit responses by:
- Financially backed audit protection, rather than leaving clients to shoulder defense costs.
This unique combination of exclusive specialization, AI, insurance, expert guidance, etc., makes creditARMOR the first solution of its kind in the entire R&D tax advisory industry to serve.
Executive Statement
According to Damian Smyth, CEO of Swanson Reed, R&D tax credits are one of the most generous incentives available to innovative businesses, but they are also one of the most closely scrutinized. With creditARMOR, they are removing the uncertainty by offering both proactive risk management as well as financial protection-something no other provider in the industry offers at this level.