Bartlett R&D Tax Credit Explained for Businesses

R&D Tax Credits for Bartlett, Tennessee Businesses

Bartlett, Tennessee, thrives in industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Baptist Memorial Hospital, a leading healthcare provider; the Bartlett City Schools, a major educational institution; Smith & Nephew, a significant manufacturing employer; the Bartlett Town Center, a key player in the retail sector; and FedEx, a prominent technology company. The R&D Tax Credit can provide tax savings for these industries by incentivizing innovation and technological advancements. This allows businesses to reinvest in R&D contributing to Bartlett’s economic growth.

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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 1910 Madison Avenue, Memphis, Tennessee is less than 15 miles away from Bartlett and provides R&D tax credit consulting and advisory services to Bartlett and the surrounding areas such as: Memphis, Southaven, Collierville, Germantown and Lakeland.

If you have any questions or need further assistance, please call or email our local Tennessee Partner on (901) 254-7002.
Feel free to book a quick teleconference with one of our Tennessee 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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Bartlett, Tennessee Patent of the Year – 2024/2025

Stetrix Inc. has been awarded the 2024/2025 Patent of the Year for its innovative approach to surgical access challenges. Their invention, detailed in U.S. Patent No. 11969160, titled ‘Tissue retention devices and methods’, introduces a non-adhesive belt system designed to retract and secure excess tissue during medical procedures.

This device addresses a common issue in surgeries involving patients with significant adipose tissue. The system comprises a flexible belt with a high-friction, non-adhesive surface that grips the skin without causing irritation. Anchor pads with adhesive backing secure the belt to the patient’s body or surgical table, maintaining tissue in a retracted position.

The design allows for quick application and adjustment, reducing preparation time in operating rooms. Its non-invasive nature minimizes patient discomfort and the risk of skin damage. The belt’s materials are chosen for their strength and flexibility, ensuring it can support the weight of displaced tissue effectively.

Stetrix’s invention offers a practical solution for improving surgical access and patient safety. By facilitating better exposure of the operative field, it enhances the efficiency and effectiveness of various medical procedures. This advancement exemplifies the impact of thoughtful design in medical device innovation.