Frederick R&D Tax Credit Overview for Businesses

R&D Tax Credits for Frederick, Maryland Businesses

Frederick, Maryland, thrives in industries such as healthcare, education, technology, and retail. Top companies in the city include Frederick Health Hospital, a major healthcare provider; Hood College, a key educational institution; Leidos, a prominent technology company; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce company. The R&D Tax Credit can benefit these industries by lowering tax burdens, encouraging innovation, and improving business performance. By leveraging the R&D Tax Credit, companies can reinvest savings into cutting-edge research boosting Frederick’s economic growth.

find out more

Are you eligible?

Why choose us?

Pass an Audit?

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 145 West Ostend Street, Baltimore, Maryland is less than 50 miles away from Frederick provides R&D tax credit consulting and advisory services to Frederick and the surrounding areas such as: Baltimore, Columbia, Germantown, Silver Spring and Waldorf.

If you have any questions or need further assistance, please call or email our local Maryland Partner on (443) 687-8701.
Feel free to book a quick teleconference with one of our Maryland 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.

Schedule a Teleconference

Frederick, Maryland Patent of the Year – 2024/2025

CarrTech Corp. has been awarded the 2024/2025 Patent of the Year for its innovation in single-use syringe safety. Their invention, detailed in U.S. Patent No. 11857768, titled ‘Filtering needle assembly with seal plug’, introduces a filtering needle assembly with a seal plug designed to prevent reuse and enhance patient safety.

This technology integrates a filter and a seal plug into a single needle assembly. When a syringe is used, the hollow needle pierces the seal plug, allowing the liquid medication to pass through the filter and into the syringe. After use, the seal plug shifts position, making it difficult to reuse the same assembly with another syringe. This design effectively prevents the potential for cross-contamination or improper dosing.

The assembly’s components are designed for compatibility with standard medical fittings, facilitating easy adoption in clinical settings. By combining filtration and single-use safety features, this innovation addresses common concerns in medication administration, such as particulate contamination and the risks associated with reusing medical devices.

CarrTech Corp.’s development reflects a commitment to improving healthcare practices through thoughtful engineering. Their patented design offers a practical solution to enhance the safety and reliability of injectable treatments, contributing to better patient outcomes.