Bentonville R&D Tax Credit Benefits Explained

R&D Tax Credits for Bentonville, Arkansas Businesses

Bentonville, Arkansas, thrives in industries such as retail, healthcare, technology, and logistics. Top companies in the city include Walmart, a global retail giant; Mercy Hospital Northwest Arkansas, a major healthcare provider; J.B. Hunt Transport Services, a prominent logistics company; Walmart Labs, a key technology division; and Tyson Foods, a leading food production company. The R&D Tax Credit can benefit these industries by lowering tax burdens, fostering innovation, and improving business performance. By leveraging the R&D Tax Credit, companies can reinvest savings into cutting-edge research boosting Bentonville’s economic growth.

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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 6834 Cantrell Road, Little Rock, Arkansas is less than 220 miles away from Bentonville and provides R&D tax credit consulting and advisory services to Bentonville and the surrounding areas such as: Fayetteville, Springdale, Fort Smith, Rogers and Jonesboro.

If you have any questions or need further assistance, please call or email our local Arkansas Partner on (501) 588-0500.
Feel free to book a quick teleconference with one of our Arkansas 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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Bentonville, Arkansas Patent of the Year – 2024/2025

Denovo Brands LLC has been awarded the 2024/2025 Patent of the Year for its innovative collapsible single point hammock frame. Their invention, detailed in U.S. Patent No. 11992115, titled ‘Collapsible single point hammock frame’, introduces a portable and non-permanent solution for hammock enthusiasts, utilizing a modular frame that attaches to existing structures without causing damage.

This collapsible frame allows one end of a hammock to connect to a stable structure, such as a tree or post, while the other end attaches to a freestanding frame. The design includes an overhead bar, a single vertical support bar, and a base, all composed of multiple sections that can be easily assembled and disassembled. A termination plate secures the overhead bar to the chosen structure, providing stability without the need for permanent fixtures.

The portability of this frame addresses the common challenge of finding two suitable anchor points for hammock setup, expanding the possibilities for relaxation in various environments. Its non-invasive attachment method ensures that natural or built structures remain unaltered, making it an environmentally friendly option for outdoor recreation.

Denovo Brands, LLC, headquartered in Rogers, Arkansas, continues to develop products that blend functionality with user convenience. This latest patent exemplifies their commitment to enhancing outdoor experiences through thoughtful design.