Miami R&D Tax Credit Benefits for Businesses

R&D Tax Credits for Miami, Florida Businesses

Miami, Florida, is home to thriving industries such as tourism, international trade, real estate, healthcare, and technology. These sectors drive the local economy and benefit from innovation, making them prime candidates for the R&D tax credit. The credit allows businesses to offset expenses related to research and development, reducing their tax liability and freeing up capital for growth. For example, tech companies can reinvest savings into product development, while healthcare firms can fund cutting-edge medical research. The R&D tax credit not only lowers taxes but also enhances competitiveness and operational efficiency.

Top companies in Miami include Royal Caribbean Group, World Fuel Services, Lennar Corporation, MasTec, and Carnival Corporation, all of which could leverage the credit to improve their financial 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 13727 SW 152 Street, Miami provides R&D tax credit consulting and advisory services to Miami and the surrounding areas such as: Miramar, Pembroke Pines, Hollywood, Coral Gables and Aventura.

If you have any questions or need further assistance, please call or email our local Miami Partner on (786) 404-1316.
Feel free to book a quick teleconference with one of our Florida 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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Miami, Florida Patent of the Year – 2024/2025

Ambitec Inc. has been awarded the 2024/2025 Patent of the Year for its innovative armored plate assembly. Their invention, detailed in U.S. Patent No. 11859952, titled ‘Armored plate assembly’, utilizes a multi-layered structure combining steel, cork, and polyurea to enhance ballistic protection.

The design features a steel base plate, a natural cork gap layer, and a containment structure made of rubber, all encapsulated within a polyurea coating. This configuration aims to absorb and dissipate the energy from ballistic impacts, reducing the risk of spall and improving overall durability.

By integrating these materials, the assembly offers a balance between strength and flexibility. The cork layer acts as a buffer, while the polyurea coating provides a protective seal against environmental factors. This combination not only enhances safety but also extends the lifespan of the armor.
Ambitec’s approach addresses common issues in traditional armor systems, such as delamination and limited energy absorption. The use of readily available materials like cork and rubber also suggests potential for cost-effective manufacturing.

This advancement holds promise for various applications, including personal body armor and protective gear for vehicles. As threats evolve, innovations like Ambitec’s armored plate assembly contribute to improved safety measures for individuals and organizations alike.