Anchorage R&D Tax Credit Explained for Businesses

R&D Tax Credits for Anchorage, Alaska Businesses

The top five R&D companies in Anchorage, Alaska, include BP Exploration (Alaska), ConocoPhillips Alaska, GCI Communications, Alaska Native Tribal Health Consortium, and the University of Alaska Anchorage Research Center. The R&D tax credit can help these companies reduce their federal and state tax liabilities, enabling them to reinvest savings into further innovation, operational improvements, and workforce development. By utilizing the R&D tax credit, these companies can enhance their competitive edge, accelerate technological advancements, and improve overall business performance, driving economic growth in Anchorage.

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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’s office location at 3000 C St, Anchorage, Alaska provides R&D tax credit consulting and advisory services to Anchorage and the surrounding areas such as: Wasilla, Eagle River, Palmer, Chugiak and Big Lake.

If you have any questions or need further assistance, please call or email our local Alaska Partner on (907) 313-3350.
Feel free to book a quick teleconference with one of our Alaska R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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Anchorage, Alaska Patent of the Year – 2024/2025

Alaskan Energy Resources Inc. has been awarded the 2024/2025 Patent of the Year for its innovative protection clamp for downhole drilling. Their invention, detailed in U.S. Patent No. 11993986, titled ‘System, method and apparatus for a protection clamp for pipe’, utilizes a hinged metal sleeve embedded with ultra-hard inserts to shield drill pipe connections from wear and damage.

This clamp is designed to encase the exterior of drill strings without adding length, ensuring seamless integration into existing systems. Its exterior features recesses housing polycrystalline diamond compacts (PDCs), tungsten carbide, or impregnated diamond inserts. These materials provide a low-friction surface that resists abrasion and rotational stress. The sleeve bodies, made of metal or ceramic, are mechanically locked together, ensuring a secure fit that prevents axial or rotational movement during operation.

The innovation addresses a critical challenge in drilling operations: protecting pipe joints from the harsh conditions of downhole environments. By enhancing durability and reducing maintenance needs, this clamp can lead to significant cost savings and increased operational efficiency.

Invented by Lee Morgan Smith and assigned to Alaskan Energy Resources, Inc., the clamp exemplifies the company’s commitment to advancing drilling technology. With this patent, they continue to solidify their position as a leader in the development of robust solutions for the energy sector.