Riverside R&D Tax Credit for Businesses Explained

R&D Tax Credits for Riverside, California Businesses

Riverside, California, thrives in industries such as healthcare, education, logistics, and manufacturing. Top companies in the city include Riverside Community Hospital, a major healthcare provider; the University of California, Riverside, a leading educational and research institution; Amazon, a global logistics and e-commerce company; Bourns Inc., a prominent manufacturing company; and Kaiser Permanente, a key healthcare provider. The R&D Tax Credit can benefit these industries by reducing tax liabilities, fostering innovation, and improving 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 115 W California Boulevard, Pasadena is less than 60 miles from Riverside and provides R&D tax credit consulting and advisory services to Riverside and the surrounding areas such as: Moreno Valley, Corona, Fontana, San Bernardino, Ontario.

If you have any questions or need further assistance, please call or email our local Pasadena Partner on (323) 287-5311.
Feel free to book a quick teleconference with one of our California 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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Riverside, California Patent of the Year – 2024/2025

FarmSense Inc. has been awarded the 2024/2025 Patent of the Year for its groundbreaking pest detection system. Their invention, detailed in U.S. Patent No. 12044820, titled ‘Pest detection systems and methods’, utilizes infrared sensors and real-time signal processing to monitor insect activity in agricultural fields.

This technology employs infrared emitters and detectors to identify the wingbeat patterns of flying pests. When an insect passes through the sensor’s field, the system detects changes in light intensity. These variations are then analyzed by an onboard classifier to determine the presence and type of pest.
Unlike traditional sticky traps, this method offers continuous, automated monitoring. It provides farmers with immediate data, enabling timely interventions and reducing reliance on chemical pesticides. The system’s design also emphasizes energy efficiency, using pulse-width modulation to conserve power.

FarmSense’s innovation represents a significant advancement in precision agriculture. By delivering accurate, real-time pest information, it empowers farmers to make informed decisions, promoting sustainable farming practices and improving crop yields.