R&D Tax Credits for Waukegan, Illinois Businesses

Waukegan, Illinois, is known for its strong presence in healthcare, education, manufacturing, and retail. Top companies in the city include Vista Medical Center East, a major healthcare provider; the College of Lake County, a key educational institution; Medline Industries, a prominent manufacturing company; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce company. The R&D Tax Credit can help these industries reduce tax liabilities, encourage innovation, and enhance business performance.

Are you eligible?

R&D Tax Credit Eligibility AI Tool

Why choose us?

directive for LBI taxpayers

Pass an Audit?

directive for LBI taxpayers

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 318 West Adams Street, Chicago, Illinois is less than 50 miles away from Waukegan and provides R&D tax credit consulting and advisory services to Waukegan and the surrounding areas such as: Chicago, Aurora, Joliet, Naperville and Rockford.

If you have any questions or need further assistance, please call or email our local Illinois Partner on (312) 380-0467.
Feel free to book a quick teleconference with one of our Illinois 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.



Waukegan, Illinois Patent of the Year – 2024/2025

Lordahl Manufacturing Co. has been awarded the 2024/2025 Patent of the Year for its innovative urinal backup flange. Their invention, detailed in U.S. Patent Application No. 20240384519, titled ‘Urinal backup flange, a repair kit containing the same, and a method for repairing a urinal connection’, introduces a retrofit solution that simplifies the repair of damaged urinal flanges without requiring full pipe replacement.

The patented device features a central flange with a recessed, curved bottom designed to fit snugly over existing plumbing. Flanking this are two lateral “ears” equipped with bolt slots, allowing for secure reattachment of the urinal. Optional tabs with eyelets enable additional anchoring to the wall or the compromised flange, enhancing stability.

This design addresses a common challenge in commercial plumbing: deteriorated or broken urinal flanges that lead to leaks and mounting issues. By providing a straightforward installation method, the backup flange minimizes downtime and avoids the need for extensive plumbing work.

Lordahl’s kit includes the backup flange, a sealing gasket, adhesive tape, and necessary hardware, offering a comprehensive solution for maintenance professionals. The flange itself can be manufactured from durable materials such as brass, stainless steel, or high-strength polymers, ensuring longevity and resistance to corrosion.

This invention exemplifies practical innovation in facility maintenance, offering a cost-effective and efficient method to extend the life of existing plumbing infrastructure. By simplifying repairs, it reduces operational disruptions and maintenance costs for facilities managers and service providers alike.


R&D Tax Credit Training for IL CPAs

directive for LBI taxpayers

Upcoming Webinar

 

R&D Tax Credit Training for IL CFPs

bigstock Image of two young businessmen 521093561 300x200

Upcoming Webinar

 

R&D Tax Credit Training for IL SMBs

water tech

Upcoming Webinar

 


Choose your state

find-us-map

Never miss a deadline again

directive for LBI taxpayers

Stay up to date on IRS processes

Discover R&D in your industry

Contact Us


Illinois Office 

Swanson Reed | Specialist R&D Tax Advisors
F16 318 Wes t Adams Street
Chicago, IL 60606
 

Phone: (312) 380-0467