Colorado Patent of the Month – January 2021

Safety in the workplace is of the utmost importance in any job. Accidents have a high price in both money and lives. Workplace accidents are usually caused by human error, especially when people are intoxicated. This is why many companies perform drug and alcohol tests in the event of an accident. However, people can be impaired in other ways, such as a lack of sleep, an illness, stress, or prescription medication; and in fact many workplace accidents are caused by non-drug/alcohol related reasons. In an effort to reduce workplace accidents from occurring, Predictive Safety SRP, Inc. has developed an alertness test to detect impairment in employees. 

Administered through an electronic device, the alertness test is sent when an individual arrives at a specific location. The test identifies whether or not an individual is alert enough to perform specific tasks at that location. The test includes a disrupter to distract the individual and identifying multiple objects, among other measures. The individual’s test responses are collected and if his alertness is determined to be insufficient for the task’s requirements, the computer program from which the test originates, takes steps for remedial action, including the following:

  • Notifying the individual’s supervisor
  • Sounding an alarm
  • Disabling equipment
  • Writing a log entry on file

Predictive Safety SRP’s alertness test stops impaired individuals from making mistakes that can lead to workplace accidents. 

Are you developing new software? Did you know your R&D experiments could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes. 

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPA’s. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

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The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.

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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 provides state and federal R&D tax credit preparation and audit services to all 50 states.

If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
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Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/

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