Irvine R&D Tax Credit for Businesses Explained

R&D Tax Credits for Irvine, California Businesses

Irvine, California, is known for its strong presence in technology, healthcare, education, and finance. Top companies in the city include Broadcom, a leading technology company; Edwards Lifesciences, a prominent healthcare company; the University of California, Irvine, a key educational and research institution; Blizzard Entertainment, a major gaming company; and Allergan, a key pharmaceutical company. The R&D Tax Credit can help these industries reduce tax liabilities, promote innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth to Irvine’s economy.

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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 Irvine and provides R&D tax credit consulting and advisory services to Irvine and the surrounding areas such as: Anaheim, Santa Ana, Huntington Beach, Garden Grove and Costa Mesa.

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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Irvine, California Patent of the Year – 2024/2025

Maztech Industries LLC has been awarded the 2024/2025 Patent of the Year for its groundbreaking advancement in smart firearm technology. Their invention, detailed in U.S. Patent Application No. 20240288239, titled ‘Firearm ammunition availability detection system’, utilizes a combination of magnetic sensors and linear encoders to provide real-time ammunition tracking.

This innovative system integrates magnetic sensors within a firearm’s buffer tube and linear encoders in the magazine. Together, they accurately detect the number of cartridges present, determine if a round is chambered, and identify potential jams. This allows users to monitor their ammunition status without manual checks, enhancing safety and efficiency.

The technology calculates the follower’s position inside the magazine by analyzing sensor data, enabling precise round counts even with varying cartridge types or worn magazines. Additionally, it facilitates communication between the magazine and the firearm, offering a consolidated ammunition overview on a single display.

Designed with both military and civilian applications in mind, this system addresses the critical need for situational awareness in high-stress environments. By providing accurate, real-time data, it reduces the risk of unexpected reloads and mechanical failures.

Maztech Industries LLC, based in Irvine, California, continues to lead in developing advanced electro-optical systems, including laser range finders and fire control systems. This patent exemplifies their commitment to enhancing firearm technology through innovation.