Wyoming and the R&D Tax Credit

Wyoming does not offer a state-specific Research and Development (R&D) tax credit, meaning businesses operating within the state cannot claim a credit against state taxes for qualifying R&D activities. However, Wyoming is home to several key industries, including energy (particularly coal, oil, and natural gas), agriculture, tourism, and mining, all of which often engage in innovative practices and technological advancements. Despite the lack of a state R&D credit, businesses in these industries may still be eligible to claim the federal R&D tax credit, which provides a significant incentive for companies investing in research and development.

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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 203 S 2nd St, Laramie, Wyoming provides R&D tax credit consulting and advisory services to Cheyenne, Casper, Laramie, Gillette and Rock Springs.

If you have any questions or need further assistance, please call or email our local Wyoming Partner on (307) 317-4244.
Feel free to book a quick teleconference with one of our Wyoming 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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Wyoming Patent of the Year – 2024/2025

Row64 INC. has been awarded the 2024/2025 Patent of the Year for revolutionizing compiler parsing. Their invention, detailed in U.S. Patent No. 12050892, titled ‘Card solver compiler parsing’, introduces a novel method to process programming code more efficiently and with greater speed.

ROW64’s patented technique departs from traditional recursive parsing methods by employing a non-recursive, card game-inspired approach. This innovation allows for the sequential evaluation of code tokens, assigning precedence values to determine their processing order. The result is a streamlined parsing process that reduces computational complexity and enhances performance.

Furthermore, the system intelligently allocates processing tasks across different hardware architectures. By directing specific nodes of the parsing process to either CPU or GPU resources based on their parallelism requirements, the method optimizes resource utilization and accelerates overall computation.

This advancement holds significant implications for software development, particularly in areas requiring rapid code compilation and execution. By improving the efficiency of parsing operations, ROW64’s technology can lead to faster development cycles, reduced latency in software applications, and a more responsive computing experience for end-users.

Row64’s innovative approach exemplifies how reimagining fundamental computing processes can yield substantial improvements in performance and efficiency, marking a notable step forward in the evolution of compiler technology.


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Wyoming Office 

Swanson Reed | Specialist R&D Tax Advisors
203 S 2nd St
Laramie, WY 82070

 

Phone: (307) 317-4244