Irving R&D Tax Credit Explained for Businesses

R&D Tax Credits for Irving, Texas Businesses

Irving, Texas, is known for industries such as technology, healthcare, education, manufacturing, and retail. Top companies in the city include ExxonMobil, a leading technology company; Baylor Scott & White Health, a major healthcare provider; the University of Dallas, a significant educational institution; Kimberly-Clark, a key player in the manufacturing sector; and Kimberly-Clark, a prominent retail company. The R&D Tax Credit can help these industries save on taxes by encouraging 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 2101 Cedar Springs Rd, Dallas is less than 55 miles away from Irving and provides R&D tax credit consulting and advisory services to Irving and the surrounding areas such as: Dallas, Grand Prairie, Plano, Denton and Lewisville.

If you have any questions or need further assistance, please call or email our local Dallas Partner on (469) 522-3369.
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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Irving, Texas Patent of the Year – 2024/2025

Innova Zones LLC has been awarded the 2024/2025 Patent of the Year for its groundbreaking innovation in tool tracking and safety. Their invention, detailed in U.S. Patent No. 11900209, titled ‘Tool control program system and method of tool control’, introduces a real-time system for monitoring and managing sharp-edge tools like knives and scissors within industrial settings.

Innova Zones’ new system addresses a critical need in industries such as food processing, where tool misplacement or damage can lead to costly recalls and safety hazards. By assigning unique asset codes to each tool and linking them to individual users through scannable identifiers, the system ensures complete transparency from issuance to return.

The technology captures key data points – including issuance, sharpening, repairs, and returns – providing managers with real-time analytics. This level of oversight enhances employee accountability and streamlines compliance with safety regulations.

One of the standout features is the system’s ability to send automated alerts when tools are not returned or are damaged. This proactive approach helps prevent foreign material contamination, a significant concern in food production environments.

By integrating this tool control program, companies can expect to reduce operational costs, minimize downtime, and improve overall safety. Innova Zones’ innovation represents a significant advancement in industrial tool management, setting a new standard for efficiency and reliability.