Maine Patent of the Month – August 2023

The founders of Howe & Howe, Inc. have been building and innovating ever since they were young. This interest in innovation blossomed into the design of RIPSAW – their first vehicle. Since then, they have grown to develop mission-built vehicles for both defense and civilian use. Recently, the company has patented their design for a vehicle with deployable towing wheels.

As anyone familiar with these vehicles knows, they provide unparalleled traction on uneven terrains. However, high-speed travel or long-distance transport can take a toll on their tracks and structures, necessitating a towing solution that goes beyond the conventional flat-bed trailers.

Howe & Howe’s genius solution lies in the implementation of supplemental wheels that can be deployed when towing the tracked vehicle. These wheels can be swung into position, supporting the weight of the vehicle and allowing it to be towed effortlessly. The first step in the process involves swinging a wheel assembly attached to the tracked vehicle about a specific axis, positioning the wheel below the lowest extent of the track. This strategic placement ensures that the weight of the vehicle is effectively borne by the wheel.

This innovative towing configuration eradicates the need for traditional flat-bed trailers, which can be bulky, expensive, and require additional manpower. Howe & Howe’s method streamlines the towing process, making it more convenient and efficient. A single operator can quickly arrange the vehicle in the towing configuration, saving time and effort.

Howe & Howe’s method also allows for swift reconfiguration when the tracked vehicle needs to return to its original operating mode. Once the towing is complete, the wheel assembly can be locked into position, preventing further swinging. The tracked vehicle can then return to using its tracks, ensuring maximum performance and durability.

While this method has been initially designed for tracked vehicles, the potential applications extend beyond that. The concept could be adapted for non-tracked vehicles, including wheeled vehicles, offering enhanced towing capabilities across various industries.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

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 CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Are you eligible?

R&D Tax Credit Eligibility AI Tool

Why choose us?

directive for LBI taxpayers

Pass an Audit?

directive for LBI taxpayers

What is the R&D Tax Credit?

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.

Never miss a deadline again

directive for LBI taxpayers

Stay up to date on IRS processes

Discover R&D in your industry

R&D Tax Credit Preparation Services

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.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.

R&D Tax Credit Audit Advisory Services

creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.

Our Fees

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/

R&D Tax Credit Training for CPAs

directive for LBI taxpayers

Upcoming Webinars

R&D Tax Credit Training for CFPs

bigstock Image of two young businessmen 521093561 300x200

Upcoming Webinars

R&D Tax Credit Training for SMBs

water tech

Upcoming Webinars

Choose your state



find-us-map



Recent Posts