Amarillo R&D Tax Credit Explained for Businesses

R&D Tax Credits for Amarillo, Texas Businesses

Amarillo, Texas, thrives in industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Baptist St. Anthony’s Health System, a leading healthcare provider; West Texas A&M University, a major educational institution; Tyson Foods, a significant manufacturing employer; the Westgate Mall, a key player in the retail sector; and Tyson Foods, a prominent technology company. The R&D Tax Credit can provide tax savings for these industries by incentivizing innovation and technological advancements.

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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 1120 South Freeway, Fort Worth is less than 340 miles away from Amarillo and provides R&D tax credit consulting and advisory services to Amarillo and the surrounding areas such as: Canyon, Bushland, Lake Tanglewood, Claude and Panhandle.

If you have any questions or need further assistance, please call or email our local Fort Worth Partner on (817) 769-8168.
Feel free to book a quick teleconference with one of our Texas 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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Amarillo, Texas Patent of the Year – 2024/2025

FeverTags LLC has been awarded the 2024/2025 Patent of the Year for its innovation in livestock health monitoring. Their invention, detailed in U.S. Patent No. 11895988, titled ‘Livestock health monitoring systems and methods of use’, introduces an ear-mounted device that continuously monitors cattle temperature, enabling early detection of illness and reducing disease spread within herds.

The system attaches a sensor to the animal’s ear, tracking body temperature in real-time. If the temperature deviates from a set range for a specified duration, the device triggers alerts, allowing for prompt intervention. This proactive approach helps identify sick animals before visible symptoms emerge, crucial for managing diseases like Bovine Respiratory Disease.

Beyond temperature monitoring, the device integrates RFID technology to link health data with individual animal IDs. This connection facilitates comprehensive tracking of treatment histories, ownership, and location, creating a digital health record or “Cattle Passport.” Such detailed records support better herd management and informed decision-making.

By enabling early illness detection and reducing reliance on antibiotics, FeverTags LLC’s technology offers a significant advancement in animal health management. This innovation not only improves animal welfare but also enhances operational efficiency for livestock producers.