Swanson Reed is a specialist R&D tax advisory firm with a dedicated office in Pennsylvania, located at 2001 Market Street, Philadelphia. The firm assists businesses across the state"including Philadelphia, Pittsburgh, Allentown, Erie, Reading, and more"in identifying and claiming both federal and Pennsylvania state R&D tax credits.

The Pennsylvania R&D Tax Credit, established under Act 7 of 1997, aims to encourage businesses to increase R&D expenditures within the Commonwealth. Eligible businesses can apply for this credit, and if they haven't utilized all of their R&D tax credits within one year after approval, they may apply to the Pennsylvania Department of Community and Economic Development to assign their eligible R&D tax credits to another taxpayer.