Arkansas R&D Tax Credit Benefits Explained

R&D Tax Credits for Little Rock, Arkansas Businesses

Little Rock, Arkansas, is a hub for industries such as healthcare, finance, government, education, and technology. Top companies in the city include Baptist Health, a major healthcare provider; Dillard’s, a leading retail company; Windstream Holdings, a prominent telecommunications company; the University of Arkansas for Medical Sciences, a key educational and research institution; and Simmons Bank, a major financial services provider. The Research and Development (R&D) Tax Credit can help these industries reduce their tax liabilities, foster innovation, and enhance business performance.

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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 provides R&D tax credit consulting and advisory services to Little Rock and the surrounding areas such as: North Little Rock, Conway, Pine Bluff, Benton and Hot Springs.

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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Little Rock, Arkansas Patent of the Year – 2024/2025

Propflow LLC has been awarded the 2024/2025 Patent of the Year for its innovative wellsite wet screening system. Their invention, detailed in U.S. Patent Application No. 20240165635, titled ‘Wellsite wet screening system for proppants and methods of using same’, introduces a method for processing as-mined, moist sand directly at the drilling site, streamlining hydraulic fracturing operations.

This system employs a vibratory screening mechanism to separate properly sized proppant particles from larger debris. The screened sand is then immediately combined with water and additives in a blending tub to create fracturing fluid, eliminating the need for prior drying or off-site processing.

By handling wet sand on-site, the technology reduces energy consumption associated with traditional sand drying methods. It also minimizes transportation requirements, leading to lower operational costs and a reduced carbon footprint.

PropFlow LLC’s approach offers a more efficient and environmentally friendly solution for the oil and gas industry. By simplifying the proppant preparation process, it enhances the sustainability and cost-effectiveness of hydraulic fracturing operations.