Federal Way R&D Tax Credit Overview for Businesses

R&D Tax Credits for Federal Way, Washington Businesses

Federal Way, Washington, is known for industries such as healthcare, retail, education, and logistics. Top companies in the city include MultiCare Health System, a leading healthcare provider; Weyerhaeuser, a major forestry products company; World Vision, a prominent nonprofit organization; Amazon, a global e-commerce and logistics provider; and Highline College, a key educational institution. The R&D tax credit can help these businesses save on taxes 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 Columbia Tower, 701 5th Ave, Seattle, Washington is less than 25 miles away from Federal Way and provides R&D tax credit consulting and advisory services to Federal Way and the surrounding areas such as: Seattle, Tacoma, Bellevue, Kent and Everett.

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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Federal Way, Washington Patent of the Year – 2024/2025

GRC Prime Bath LLC has been awarded the 2024/2025 Patent of the Year for innovation in bathroom remodeling. Their invention, detailed in U.S. Patent Application No. 20240271414, titled ‘Apparatus and methods for panels and accessories for use in wet environments such as baths and showers’, introduces a smarter and faster way to install customizable shower wall panels and fixtures.

This new system allows wall panels and accessories like shelves, soap dishes, and grab bars to snap into place securely without traditional adhesives or mechanical fasteners. It simplifies installation, reduces labor time, and enables easy reconfiguration or replacement. The design uses precise, interlocking structures that align and hold components firmly, even in high-moisture environments.

For homeowners, this means quicker remodels, cleaner finishes, and more flexibility. For installers, it offers fewer tools, fewer steps, and fewer callbacks. The panels are designed to fit tightly and resist water intrusion, helping improve durability and hygiene in bathrooms and other wet spaces.

GRC Prime Bath LLC specializes in one-day bathroom transformations. This patent reflects their ongoing commitment to improving how modern bathrooms are built and maintained. As demand grows for customizable, low-maintenance solutions, this invention positions GRC at the forefront of practical design in home renovation.