R&D Tax Credits for Wichita, Kansas Businesses

Wichita, Kansas, is a hub for industries such as aerospace, healthcare, education, and manufacturing. Top companies in the city include Spirit AeroSystems, a leading aerospace manufacturer; Via Christi Health, a major healthcare provider; Wichita State University, a key educational institution; Koch Industries, a prominent manufacturing company; and Cessna, a major aerospace company. The Research and Development (R&D) Tax Credit can help these industries reduce their tax liabilities, foster innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research boosting Wichita’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 12641 Antioch Road, Overland Park, Kansas is less than 190 miles away from Whicita provides R&D tax credit consulting and advisory services to Wichita and the surrounsing areas such as: Derby, Newton, Andover, El Dorado and Arkansas City.

If you have any questions or need further assistance, please call or email our local Kansas Partner on (913) 232-2276.
Feel free to book a quick teleconference with one of our Kansas 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.



Wichita, Iowa Patent of the Year – 2024/2025

HyperBorean Inc. has been awarded the 2024/2025 Patent of the Year for its groundbreaking advancement in sustainable cooling technology. Their invention, detailed in U.S. Patent No. 11976853, titled ‘Heat-driven vapor-compression system for air conditioning and refrigeration’, introduces a heat-driven vapor-compression system that utilizes waste heat to power air conditioning and refrigeration units.

Traditional cooling systems rely heavily on electricity, often leading to high energy consumption and increased operational costs. HyperBorean’s innovation addresses this by harnessing low-cost or waste heat sources to drive a novel “burst compressor” and “vapor pump.” This system pressurizes refrigerant using the captured heat, then releases it in controlled bursts to facilitate efficient cooling.

The burst compressor works in tandem with the vapor pump, which manages a mix of gaseous, vaporous, and liquid refrigerants. This combination ensures a continuous and efficient cycle, reducing the need for external power sources. By converting readily available heat into cooling energy, the system offers a sustainable alternative to conventional methods.

This technology holds significant promise for industries seeking energy-efficient cooling solutions, particularly in regions where waste heat is abundant. By reducing reliance on electricity, it not only lowers operational costs but also contributes to environmental sustainability.

HyperBorean’s innovation exemplifies how reimagining existing processes can lead to substantial improvements in efficiency and sustainability. As the demand for eco-friendly technologies grows, such advancements are poised to play a crucial role in shaping the future of cooling systems.


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Kansas Office 

Swanson Reed | Specialist R&D Tax Advisors
12641 Antioch Road
Suite #1017
Overland Park, KS 66213

 

Phone: (913) 232-2276