Austin R&D Tax Credit Explained for Businesses

R&D Tax Credits for Austin, Texas Businesses

Austin, Texas, thrives in industries such as technology, healthcare, education, manufacturing, and retail. Top companies in the city include Dell Technologies, a leading technology company; Ascension Seton, a major healthcare provider; the University of Texas at Austin, a significant educational institution; Samsung Austin Semiconductor, a key player in the manufacturing sector; and Whole Foods Market, a prominent retail 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 108 Wild Basin Rd South, Austin; provides R&D tax credit consulting and advisory services to Austin and the surrounding areas such as: Round Rock, Cedar Park, Georgetown, San Marcos and Pflugerville.

If you have any questions or need further assistance, please call or email our local Austin Partner on (512) 333-2076.
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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Austin, Texas Patent of the Year – 2024/2025

Lantern Unmanned Autonomous Systems LLC has been awarded the 2024/2025 Patent of the Year for its innovation in autonomous cargo inspection. Their invention, detailed in U.S. Patent No. 12086750, titled ‘Unmanned autonomous container inspection’, introduces a system where unmanned vehicles autonomously scan shipping containers using onboard sensors and intelligent algorithms.

Lantern’s technology enables unmanned vehicles to navigate along the surfaces of stacked shipping containers, collecting sensor data to detect potential hazards. Upon identifying anomalies, the system can initiate a more detailed secondary inspection using another unmanned vehicle, enhancing the accuracy and efficiency of cargo screening processes.

This approach reduces reliance on manual inspections, allowing for continuous monitoring without disrupting port operations. By automating the detection of threats such as hazardous materials, the system enhances safety and security in shipping environments.

Lantern’s innovation offers a scalable solution for modernizing port security, providing real-time data analysis and reducing the risk of human error. This advancement represents a significant step forward in the integration of autonomous systems within critical infrastructure.