West Palm Beach R&D Tax Credit Benefits for Businesses

R&D Tax Credits for West Palm Beach, Florida Businesses

West Palm Beach, Florida, thrives in industries such as healthcare, finance, tourism, and education. Top companies in the city include Palm Beach Gardens Medical Center, a major healthcare provider; Office Depot, a leading retail company; the Palm Beach Zoo, a prominent tourism and entertainment company; Florida Atlantic University, a key educational and research institution; and NextEra Energy, a major energy 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 13727 SW 152 Street, Miami is less than 75 miles from West Palm Beach and provides R&D tax credit consulting and advisory services to West Palm Beach and the surrounding areas such as: Boca Raton, Boynton Beach, Delray Beach, Jupiter and Wellington.

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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West Palm Beach, Florida Patent of the Year – 2024/2025

Potent Systems Inc. has been awarded the 2024/2025 Patent of the Year for its breakthrough in virtual sports gaming. Their invention, detailed in U.S. Patent No. 11961371, titled ‘Virtual gaming system, server and method’, uses real-world event data to power immersive, simulated gaming experiences.

The patented system transforms live sports outcomes into interactive virtual games. Users engage with simulated competitions – such as races or slot-style games – that mirror real event results. This approach maintains suspense by concealing actual outcomes until the simulation concludes, enhancing user engagement.

The technology comprises a content module, platform betting module, display module, and external betting module. Together, these components deliver real-time event data, facilitate user betting, and generate corresponding simulations. This integration allows for a dynamic gaming experience that aligns with live sports events.

Potent Systems’ innovation offers a new dimension to sports wagering. By blending real-time data with interactive simulations, it provides a novel entertainment avenue for users. This advancement could redefine user interaction in the sports betting industry, offering a more engaging and immersive experience.