August 25, 2025 — Leads & Copy — Swanson Reed has launched TaxTrex, an AI platform designed to transform how businesses document, manage, and substantiate their R&D tax credit claims. The real-time documentation and compliance platform uses artificial intelligence and structured project tracking to claim the R&D tax credit in 90 minutes of AI face-time, ensuring businesses can maximize their R&D tax credits while staying compliant with IRS and state requirements. According to Swanson Reed CEO Damian Smyth, TaxTrex integrates directly into the R&D lifecycle, helping businesses substantiate claims and reduce audit risk.
TaxTrex features include:
- Real-Time Documentation Capture: Tracks technical progress and qualifying R&D activities.
- AI-Powered Compliance Insights: Assesses project data against IRS guidelines.
- Structured Project Framework: Guides businesses through surveys aligning activities with U.S. tax law.
- Audit-Ready Reporting: Generates detailed and IRS-compliant documentation packages.
- Seamless Expert Support: Connects users with Swanson Reed’s network of R&D tax professionals.
TaxTrex was named a finalist in the Fintech Business Awards for Accounting Innovator of the Year.
Patricia Harlow, Director at Swanson Reed, can be reached at info@swansonreed.com or 512.333.2076.
Source: Swanson Reed
