Sparks R&D Tax Credit and Its Benefits for Businesses

R&D Tax Credits for Sparks, Nevada Businesses

Sparks, Nevada, is known for industries such as manufacturing, logistics, retail, healthcare, and tourism. Top companies in the city include Tesla, a leading electric vehicle manufacturer; UPS, a major logistics employer; Walmart, a significant retail employer; Northern Nevada Medical Center, a key player in the healthcare sector; and the Nugget Casino Resort, a prominent tourism attraction. The R&D Tax Credit can help these industries save on taxes by encouraging innovation and technological advancements. By reducing tax liability, businesses can reinvest in R&D and develop new products, enhancing their competitiveness and driving economic growth in Sparks.

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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 200 S Virginia St, Reno, Nevada is less than 5 miles away from Sparks and provides R&D tax credit consulting and advisory services to Sparks and the surrounding areas such as: Carson City, Fernley, Sun Valley, Spanish Springs and Cold Springs.

If you have any questions or need further assistance, please call or email our local Nevada Partner on (775) 227-9237.
Feel free to book a quick teleconference with one of our Nevada 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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Sparks, Nevada Patent of the Year – 2024/2025

Nativus Inc. has been awarded the 2024/2025 Patent of the Year for innovation in solar energy. Their invention, detailed in U.S. Patent No. 12061016, titled ‘Solar concentrator’, introduces a compact and efficient way to harness sunlight using lightweight reflective materials and smart tracking.

The solar concentrator improves how solar panels collect and convert sunlight into energy. It uses a series of angled, flexible reflectors that move with the sun to direct more light onto a small photovoltaic surface. This design boosts energy output while reducing the size and cost of traditional panels.

Unlike bulky solar systems, this solution is lightweight and portable. It adapts to different angles of sunlight throughout the day, increasing efficiency without needing large motors or heavy mounts. The design also minimizes shading and heat buildup, making it ideal for rooftop, mobile, or off-grid installations.

Nativus Inc. aims to make clean energy more accessible with technology that performs well and installs easily. The invention supports both residential and commercial use, especially in areas with limited space or inconsistent sunlight.

This patent highlights the company’s focus on practical innovation in renewable power. By capturing more energy from less surface area, Nativus Inc. moves solar technology closer to everyday use and broader adoption.