West Virginia Patent of the Month – January 2021
Whether or not we know someone who’s had a stroke, we know the effects can be devastating, leading to either permanent disability or even death. Strokes are the second-leading cause of death and are the third-leading cause of disability, globally. While there have been efforts to minimize cerebral damage caused by strokes, the intervention window for different types of strokes are very small, ranging from only four-and-a-half to six hours from onset. In addition, previous studies into current treatments find that patients are rarely eligible for them. In an effort to promote patient care and minimize the damaging effects that are caused by strokes, Tricerapro Holding, LLC has developed a new preventative medical intervention.
Tricerapro Holding’s intervention utilizes daily oral dietary supplements to individuals who are at risk of having a stroke. The neuroprotective supplements are not a primary form of therapy, but are preventative, protective, and can extend the post-stroke treatment window. They can be in pill, liquid, or capsule form and contain a mixture of Phosphocreatine (PCr), Magnesium Gluconate (MgG) and .beta.-hydroxybutyrate (BHB) in a 2:1:2 ratio. These chemical agents work together to protect the brain, the blood vessels, and the blood-brain barrier after a stroke by acting as a multidimensional neuroprotective system. The mixture is well tolerated, easy to administer, and is also stable at room temperature, meaning there are no special storage requirements.
Are you developing a new system? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
Are you eligible?
Why choose us?
Pass an Audit?
What is the R&D Tax Credit?
The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
R&D Tax Credit Preparation Services
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.
R&D Tax Credit Audit Advisory Services
creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.
Our Fees
Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/
Choose your state
