Jackson R&D Tax Credit Explained for Businesses

R&D Tax Credits for Jackson, Tennessee Businesses

Jackson, Tennessee, thrives in industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include West Tennessee Healthcare, a leading healthcare provider; Union University, a major educational institution; Toyota Bodine, a significant manufacturing employer; the Old Hickory Mall, a key player in the retail sector; and Diversified Conveyors, 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 Jackson’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 85 miles away from Jackson and provides R&D tax credit consulting and advisory services to Jackson and the surrounding areas such as: Dyersburg, Brownsville, Henderson, Milan and Savannah.

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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Jackson, Tennessee Patent of the Year – 2024/2025

FirstRes Equipment LLC has been awarded the 2024/2025 Patent of the Year for their innovative ‘Cradle Lift Assist Harness’. Their invention, detailed in U.S. Patent No. 12029696, offers a groundbreaking solution for lifting patients with minimal physical contact, enhancing safety for both caregivers and patients.

The Cradle Lift Assist Harness is designed to assist individuals who cannot independently rise from the floor. It comprises a first tension member with a handle, and second and third tension members that form a cradle around the patient’s buttocks. This configuration allows caregivers to lift or suspend the patient with reduced physical strain and minimal contact, which is crucial in scenarios involving contagious or immunocompromised patients.

Constructed from durable materials like woven polyester, the harness ensures both strength and comfort. It features disposable plastic sleeves to prevent pathogen transmission and can be compactly stored in emergency medical bags, making it ideal for first responders and healthcare facilities.

By addressing the challenges of patient lifting with innovation and practicality, FirstRes Equipment LLC’s Cradle Lift Assist Harness is set to make a significant impact in medical and emergency response settings.