R&D Tax Credits for Orem, Utah Businesses

Orem, Utah, is known for industries such as technology, education, healthcare, manufacturing, and retail. Top companies in the city include Vivint Smart Home, a leading technology company; Utah Valley University, a major educational institution; Timpanogos Regional Hospital, a significant healthcare provider; Novatek, a key player in the manufacturing sector; and the University Place Mall, a prominent retail complex. 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 222 South Main Street, Salt Lake City, Utah is less than 40 miles away from Orem and provides R&D tax credit consulting and advisory services to Orem and the surrounding areas such as: Provo, Lehi, Draper, Eagle Mountain and Saratoga Springs.

If you have any questions or need further assistance, please call or email our local Utah Partner on (385) 715-1116.
Feel free to book a quick teleconference with one of our Utah 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.



Orem, Utah Patent of the Year – 2024/2025

Wandrd LLC has been awarded the 2024/2025 Patent of the Year for its groundbreaking innovation in portable gear. Their invention, detailed in U.S. Patent No. 11882921, titled ‘Expandable sling bag’, introduces a novel design that allows a compact sling bag to expand and accommodate larger items like laptops, enhancing versatility for users on the go.

Wandrd’s latest innovation redefines the functionality of sling bags. The patented design features an expandable base that extends through a bottom opening, effectively increasing the bag’s length to fit oversized items such as laptops or tablets. This clever mechanism ensures that users no longer have to compromise between compactness and capacity.

Unlike traditional sling bags that struggle with accommodating larger devices, this expandable design maintains a sleek profile when not in use and offers additional space when needed. The bag’s structure includes a primary receptacle for everyday items and a secondary, expandable compartment specifically designed for larger electronics, providing organized storage without bulk.

The shoulder strap is adjustable, allowing the bag to be worn comfortably across the back, chest, or side. A retention system secures the contents, ensuring stability during movement. This adaptability makes it ideal for photographers, commuters, and travelers who require both convenience and capacity.

By addressing the limitations of standard sling bags, Wandrd’s expandable sling bag offers a practical solution for modern lifestyles. Its innovative design combines form and function, setting a new standard in portable carry solutions.


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Utah Office 

Swanson Reed | Specialist R&D Tax Advisors
222 South Main Street
Salt Lake City, UT 84101

 

Phone: (385) 715-1116