Everett R&D Tax Credit Overview for Businesses

R&D Tax Credits for Everett, Washington Businesses

Everett, Washington, is a hub for aerospace, manufacturing, healthcare, and logistics. Top companies in the city include Boeing, a leading aerospace manufacturer; Providence Regional Medical Center, a prominent healthcare provider; Fluke Corporation, a major manufacturer; FedEx, a global logistics provider; and Naval Station Everett, a key military installation. The R&D tax credit can help these businesses save on taxes by incentivizing innovation and technological advancements. By reducing tax liability, companies can reinvest savings into further R&D enhancing business performance and competitiveness.

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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 Columbia Tower, 701 5th Ave, Seattle, Washington is less than 30 miles away from Everett and provides R&D tax credit consulting and advisory services to Everett and the surrounding areas such as: Seattle, Bellevue, Kent, Renton and Marysville.

If you have any questions or need further assistance, please call or email our local Washington Partner on (206) 558-3300.
Feel free to book a quick teleconference with one of our Washington 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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Everett, Washington Patent of the Year – 2024/2025

Dive Xtras Inc. has been awarded the 2024/2025 Patent of the Year for innovation in mechanical reliability. Their invention, detailed in U.S. Patent No. 11919592, titled ‘Devices for retaining a bicycle chain on a sprocket’, introduces a smart solution to a common cycling problem: dropped chains.

The new technology improves chain stability during shifts and under stress, helping cyclists maintain control and avoid mechanical failures. The patented device uses a simple yet effective mechanism that keeps the chain aligned and securely in place on the sprocket, even during intense movement or rough terrain.

Unlike traditional guards, this system integrates seamlessly into the drivetrain without interfering with performance or adding bulk. It works across a wide range of bikes, making it valuable for both recreational riders and serious athletes. The invention also reduces wear and tear by preventing misalignment and slippage, extending the life of both chain and sprocket.

Dive Xtras Inc., known primarily for underwater propulsion systems, brings its precision engineering expertise to land with this new cycling innovation. By tackling a longstanding frustration in bike maintenance, the company delivers real-world benefits for safety, performance, and durability. This advancement highlights how small design changes can lead to major improvements in user experience.