Oklahoma Patent of the Month – June 2022
Virtual reality and immersive technologies are set to change our everyday lives. They are being incorporated in more and more industries and activities, integrating with our lives, and helping us in a number of ways. One such way is in entertainment.
FlyingTee Tech, LLC has combined these immersive technologies with golf to create a more interactive and exciting golf experience for anyone. Many people are unable to get out to a golf course but with this game play, golfing can be brought to life anywhere.
The system builds an immersive game play range by integrating a dynamic, interactive range surface and a dynamic end-of-range display. This display is configured to display flight paths of golf balls as they are struck from a multi-level driving range. These displays are projected onto a large, multi-user game environment that corresponds to this simulated activity. This set up allows multiple users to play on the same field without requiring them to be engaged in the same activity. This means multiple users could be lined up and playing a simulated golf game on the same screen without actually playing together.
This is accomplished using heads-up displays and numerous sensors to track the position of the player, the ball, and other details. A range sensor measures the shots by fusing multiple overlapping sensor data streams into a single 3D volume which is immediately converted into flight trajectory data and translated onto the screen.
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?
Why choose us?
Pass an Audit?
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
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/
Choose your state
