R&D Tax Credit – Page 7 – Swanson Reed | Specialist R&D Tax Advisors

Smart Glass at DFW Airport: It’s more than just looking through rose-colored glasses

Waiting for your flight under the blistering Texan sun? The heat making the waiting experience even more unbearable and excruciating? Well, if you’re one of the lucky few by Gate A28 in Dallas-Fort Worth Airport where smart glass was installed last autumn, you’d be happy to know that you’re safe from the glaring heat. The electrochromatic smart glass at DFW Airport, America’s fourth-busiest airport, adapts its opacity levels to sunlight and can better manage temperature than regular glass, which prevents overheating and provides a cooler atmosphere for the comfort of weary travellers.

Located near a burger joint’s east-facing bar in the airport, the smart glass creates a noticeably chiller vibe. In fact, the burger restaurant saw a boost in alcohol sales over the past year, up 80 per cent in October 2017 from October 2016. The smart glass at DFW Airport was the only difference to the restaurant. Turns out travelers are more willing to order a second pint from the burger joint if they are relaxed and not uncomfortable from the heat.

The smart glass is manufactured by the Silicon Valley-based company View Inc. The company claims its product will contribute to lower cooling costs and improve customer satisfaction, thanks to the more natural light and better thermal comfort created by the glass’ transitional tints. A study from Cornell University of the smart glass at DFW Airport confirms View Inc’s claims. Researchers found that surface temperatures of seats by Gate A28 were 10 to 15 degrees Fahrenheit lower, making them more comfortable to sit on. There were also an 83 per cent increase of dwelling time and a 102 per cent increase in concession spending by Gate A28 compared to areas where the smart glass was not installed. Evidently, installing the smart glass at DFW Airport was a lucrative move.

Rahu Bammi, View Inc’s chief business officer, said, “We spend 90 per cent of our time indoors. The things that really matter are light, air quality, temperature and sound. We impact at least three of those in a positive way.”

Are you also engaging in research activities to improve the light, air quality, temperature and sound of our great indoors? Did you know your experiments, even those that were unsuccessful, could be eligible for the R&D Tax Credit and you could receive up to 14% back on your expenses? 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 Texas’ largest Specialist R&D tax advisory firm, offering tax credibility assessments, claim preparation, and advisory services. We manage all facets of the R&D tax credit program in Texas, from claim prep & audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPA’s. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative

Heinz is bringing Mayochup to America, but who really invented the mayonnaise-ketchup matrimony?

Famous for ketchup and baked beans, the Heinz Company is now dead-set on introducing to American audiences what it claims is a novel concoction: Mayochup. Think of it as a union between ketchup and mayonnaise.

“Want #mayochup in stores? 500,000 votes for ‘yes’ and we’ll release it to you saucy Americans,” Heinz tweeted. Of the 930,000 votes on the Twitter poll, 55 percent gave their approval. That means the company will soon bring the bottled Mayochup onto American shelves.

Heinz’s rendition of Mayochup is already sold overseas, particularly in the Middle East. However, for many, Mayochup isn’t anything new and stories have peppered across the Internet on how the combination first came into existence.

Legend has it that in 1925, a young man was eating prawns with friends at a golf club in Mar del Plata, Argentina. As a joke, the young man requested different condiments from the kitchen to mix with the traditional aderezo of mayonnaise. The spontaneous experimentation resulted in a union between mayonnaise and ketchup, plus a dash of cognac and Tabasco. The friends called it “salsa golf” and found it was delicious with the prawns. “It was just a bunch of bored kids doing what bored kids do,” said Victor Ego Ducrot, author of The Flavors of the Homeland. Forty years later, salsa golf exploded in popularity with big brands, from Fanacoa to Hellman’s, producing the mix commercially. The young man who originally invented salsa golf was Luis Federico Leloir, the 1970 Nobel Prize in chemistry winner for his discovery of sugar nucleotides and their role in the biosynthesis of carbohydrates. Leloir reportedly said, “If I had patented the sauce, I would have earned much more money than as a scientist.”

The mayonnaise-ketchup creation is popular across Latin America. Costa Rica, Colombia, Venezuela and others call it “salsa rosada.” Puerto Ricans call it “mayoketchup”. Variations also exist across other parts of the globe, from Eastern Europe to the Middle East. Even the Brits have their own version, known as “Marie Rose sauce”.

In fact, America already has a home-grown mayo-ketchup origin story. Utah’s Don Carlos Edwards allegedly began serving mayonnaise-ketchup concoctions to his customers back in the 1940s, calling it “Fry Sauce”. It is now a staple in Utahan society.

So while Mayochup isn’t necessarily re-inventing the wheel, it does bring a new twist to the condiment by putting it in a bottle. Admittedly, this has raised scepticism among critics. Samantha Schmidt asserted in The Washington Post, “But whatever it’s called, wherever it’s consumed, many lifelong lovers of the sauce agree on one thing: it’s disgraceful to squeeze the stuff out of a bottle.” NPR station reporter Nadege C Green raised doubts about the ability of Heinz to produce a tasty concoction: “Yeah, you have to custom mix it. Gotta have the right mayo to ketchup ratio. I don’t trust this at all.”

We can’t know for sure until Mayochup hits the supermarkets. But one thing’s certain: Heinz knows how to put the “sauciest” in its sauces.

Are you experimenting with different condiments and packaging to add something new to the food market? Did you know your experiments could be eligible for the R&D Tax Credit and you can get up to 14% back on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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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.

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/

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ICON’s Vulcan 3-D printer packs a punch against homelessness

With 1.2 billion people worldwide without access to adequate shelter, one Texas start-up hopes to change that. On Monday, March 12, Austin-based ICON unveiled the world’s first permitted 3-D printed home. ICON’s Vulcan 3-D printer built the home in just under 48 hours and for less than $4,000, a fraction of average construction costs.

The 350 sq foot building will serve as ICON’s office, allowing the company to witness firsthand any issues with the home and make necessary modifications before going into full scale production. The home is complete with a living room, bathroom, and office space. Unlike other companies that have built 3-D printed homes that “look like Yoda huts”, ICON was intent on constructing a home that was functional and modern. Jason Ballard, one of ICON’s three founders, asserted, “For this venture to succeed, they have to be the best houses.”

The Vulcan 3-D printer used durable yet cheap materials and produced little waste in the making of the Austin house. According to ICON’s other co-founder Evan Loomis, the concrete mixture used in the Vulcan is three times stronger than traditional concrete. The Vulcan can produce single-story, 600 to 800 sq ft homes in under 24 hours. Andrew Logan at Logan Architecture, the head designer for the project, added that the Vulcan 3-D printer allowed for more creativity compared to conventional construction. “When you’re talking about standard methods of construction, the guys in the field have a really hard time building that [unique] geometry,” Logan explained. “It’s difficult getting it all lined up properly. But if you have a machine doing it, it’s going straight from the computer to the field. You have infinite design ability to get crazy with your angles and curves and forms.”

Because the Vulcan 3-D printer can build homes faster, more affordably, and sustainably, ICON has high hopes for the tool to be used in humanitarian applications, especially in the developing world. The company is teaming up with the non-profit New Story to address homelessness and global housing shortages. Together, they will construct a community of 100 houses in El Salvador next year using the Vulcan 3-D printer technology.

Loomis said, “We just think homes are not obtainable and affordable and they certainly aren’t sustainable. So we thought that the convergence of robotics, material science, and software would have a novel way for people to afford a basic human need: shelter.”

Working on technological solutions to address some of the globe’s most pressing problems? Did you know your experiments could be eligible for the R&D Tax Credit and you can receive up to 14% on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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A solar powered stove and battery to rival Elon Musk? Mark Cuban is interested

“Do you think you can put the fear of God in Elon Musk and put them out of business?” asked Mark Cuban on Shark Tank, a reality show about investors and entrepreneurs. His question was directed at Dr. Caitlin Powers, the CEO and founder of One Earth Designs. Elon Musk, the Tesla mastermind, had acquired SolarCity, a solar power business, in 2016. Powers, in contrast, had invented a solar powered stove that harnessed the energy of the sun to produce a powerful, fuel-free grill and her company was also in the process of developing a solar battery. Powers appeared on Shark Tank in hopes of securing an investor for One Earth Designs.

“Yes, I think we have the potential to do that,” she confidently responded. Powers received her doctorate from Harvard University and her solar energy research has been recognized by the US National Science Foundation, US Environmental Protection Agency, and the American Institute of Chemical Engineers. From her travels in the Himalayas, Powers had witnessed firsthand the negative effects of fuel-based indoor cooking among nomads and farmers living in resource-strapped regions. Her solution: the SolSource stove. With its unique geometrical design, it can convert 92% of the sun’s energy directly into cooking power at up to 392 degrees Fahrenheit. It also heats up five times faster than a charcoal grill. “As long as you can see your shadow, you can cook with SolSource,” according to Powers.

Compact, clean, and safe to use, the SolSource stove is a sustainable alternative to fuel-based grills. The original Solsource is priced at about $499 while the newer SolSource Sport is currently sold at $299. The Sport is a quarter of the weight of the original source, making it more lightweight for a variety of settings, from the beach, to the park, to the wilderness. From Powers’ pitch, especially her future plans to develop the solar powered battery, Cuban agreed to invest in One Earth Designs. Cuban would be pleased to know that Kimbal Musk, Elon Musk’s brother, is also fan of the SolSource grill and has tweeted pictures of himself using the product.

Developing solar powered products that could rival the likes of Elon Musk? You could be eligible for the R&D Tax Credit and can receive up to 14% on your expenses. To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Swanson Reed regularly hosts free webinars and provides free IRS CE credits as well as CPE credits for CPA’s. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

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Neiman Marcus iLab using innovation to advance luxury

On Sunday, February 11, 2018, Karen Katz retired as CEO for Dallas-based luxury retailer Neiman Marcus. She is succeeded by Geoffroy van Raemdonck from Ralph Lauren. Given the current economic and social climate, the CEO position is not an easy one to fill as consumer trends are ever-changing in the digital age. With the expansion of e-commerce, failing customer foot traffic into physical stores, and nearly $5 billion in debt, the 110-year-old retailer’s longevity is not guaranteed. But perhaps its ongoing investment into the Neiman Marcus iLab could offer some relief for the company’s problems.

In this digital age, one of the primary questions the company has asked is, “How do we take the experiences [the customer] is having online and make that really seamless [in store] from a personalisation perspective?” The Neiman Marcus iLab may offer some solutions. Initiated in 2012, the iLab is under the direction of Scott Emmons whose background in Information Technology gives him unique insight into utilizing technology to enhance the customer experience. He maintained that innovative technology is “not a silver bullet that will save the world” but it is nevertheless a critical piece in a complicated retail puzzle. One of the iLab’s iconic innovations was the Memory Mirror which allows customers to see how a piece of clothing looks at all angles. Emmons explained, “You don’t have to ask your husband or girlfriend or a sales associate how it looks in the back. You can see for yourself.” As of 2017, 38 Memory Mirrors can be found in 20 of Neiman Marcus’ stores. The project was so successful that it has been converted in other applications, such as at the beauty counters where customers can see digitally how a cosmetic product will look on them. Another innovation was Neiman Marcus’ free phone charging lockers, rolled out in 2014. The kiosk makes customers use their phone numbers as an unlock code and doubles up as a customer acquisition tool.

Innovation isn’t cheap, however, and ideas must first go through a rigorous review by executives. Afterwards, they are prototyped in the lab to test proof of concept before they can be implemented in stores. Emmons said, “In the end, when you do technology right, you do have to pay for it. There is a cost associated with getting into the store, so I have to think about technology that is scalable and the business is going to want an ROI on the technology.”

“Not everything works,” Emmons said. “Most of the time, it won’t…[Y]ou have to think about these experiments not as failures, but as learnings that can be applied to future projects.”

The Neiman Marcus iLab demonstrates technical risk. Sound familiar? If you’re also engaging in technical risk and conducting experiments, did you know you could be eligible for the R&D Tax Credit and can receive up to 14% on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Briggo’s Robotic Barista: the coffee vending machine that’s actually not that bad

A barista that consistently makes your favorite coffee perfectly and never spells your name wrong? That’s what Briggo Coffee Haus promises with its affectionately-dubbed “robotic barista”. The Austin-based company developed its automated coffee dispenser to take the craft of coffee and mechanize the experience without sacrificing standards of perfection, personalization, and efficiency.

In a technologically-driven world where customization and convenience go hand-in-hand, the robotic barista seems like a match made in heaven. Coffee drinkers can choose from 13 options and adjust the order to suit their preferences, such as adding vanilla syrup, two shots of espresso, and skim milk. Wait a minute or two, and the perfect cup of coffee will appear. Customers’ orders are saved in the company’s cloud system so they can re-order their favorite recipe at a later time. There’s also a Briggo app that allows coffee drinkers to pre-order as they’re on their way to the Coffee Haus. According to Vending Times’ Paul Schlossberg, the whole process was intuitive, quick, and easy. He added, “Here is a vending machine for the 21st century.”

Briggo’s machine offers a precision that human baristas don’t have. While humans may measure based on dashes and splashes, moments and seconds, the robotic barista has its measurements down to the milligram and millisecond. Briggo CEO Kevin Nater explained, “Based on a customer’s selection, we precisely calculate to the gram the ingredients, as well as the precise frothing parameters needed based on those ingredients.” The Briggo machine can also make 100 cups an hour. It’s fast, convenient, and reliable.

Briggo recently introduced its robotic barista at the University of Texas’ renowned ice cream shop Moojo in Austin. Briggo asserts it doesn’t plan on replacing baristas. Rather, it seeks to bring its robotic barista to locations where good quality coffee is hard to find, such as corporate campuses, hospitals, and airports.

Working on improving the efficiency of coffee-making? Did you know your experiments could be eligible for the R&D Tax Credit and you can receive up to 14% on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Rubber is the New Diamond with Silicone Wedding Rings

Sure, traditional wedding rings may have their perks: they’re classy, sparkly, attractive, and elegant. But they’re rarely described as “practical”, especially for the average human person who has to cook, clean, shower, work out, and carry out other day-to-day activities with their hands. To adapt these tokens of commitment for more active lifestyles, several companies have re-invented the diamond-encrusted bands to develop silicone wedding rings.

Fixate Designs, for instance, created its patent-pending silicone wedding bands out of a realization that traditional rings were often prohibited at work because of risk for injury. Several of the company’s founders themselves had experienced ring-related injuries, including some that required surgery. “We wanted to rethink, re-engineer, and redesign items used in everyday life that we felt needed to evolve,” Fixate Designs said. Another silicone wedding ring company called QALO was started by two guys who “found themselves newly married, loving their wives but hating their wedding rings.” Similarly, Enso Rings, which has been featured on the show Shark Tank, asserted that ancient Egyptians had used braided hemp to mark their marriage commitment: “It’s the symbol and the practicality that mattered. We made the first Enso silicone ring to bring back comfort, safety and focus to the way we express commitment.”

Typically, these silicone wedding rings are made from medical-grade silicone and are designed with durability in mind. They are hypoallergenic, breathable, and flexible. They do not react to chemicals or acids and are waterproof. They also tend to be more affordable than traditional wedding rings, making them a less of a concern if lost or misplaced. The silicone wedding rings are suitable for a wide range of workplaces – from the office to the construction site – and lifestyles – from the world traveler to the homebody.

Technology tends to overlook ordinary household items, including wedding rings. Did you know research activities related to the development of the silicone rings, whether to improve the product or production process, could be eligible for the R&D Tax Credit? If you’re also engaging in activities to improve day-to-day household items, you could receive up to 14% on your expenses. To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Ralph Lauren’s wearable technology packs the heat so Team USA can bring home gold

35,000 spectators are expected to attend the Olympic Opening Ceremonies this upcoming Friday at PyeongChang Olympic Stadium. Anticipation is high among athletes and attendees alike. Added to the excitement, however, are widespread concerns that the stadium – which was built without a roof and without central heating – will be too cold for the ceremony’s audience members. Team USA, fortunately, is fitted with wearable technology that will keep them warm to withstand the chilling conditions.

The $58 million main Olympic Stadium omitted a roof and central heating in its design and construction plans as a time-saving measure and because it would have been “too expensive”, according to an internal document from the Olympic organizing committee. Last November, however, six people reported getting hypothermia while attending a concert at the stadium, calling into question the location’s security and safety.

At 7 degrees Fahrenheit, the 2018 Winter Olympics is expected to be the coldest on record since 1994 when the Olympics were held in Lillehammer, Norway. Weather conditions then were at a low of 12 degrees Fahrenheit. PyeongChang is half a mile above sea level and is infamous for its biting winds originating from Siberia and the Manchurian Plain. To keep warm, Olympic organizers are providing spectators with heating pads, a blanket, and a raincoat. Polycarbonate walls will be set up along the highest points of the stadium to block wintry winds and portable gas heaters will be placed between rows to provide extra warmth.

To combat the cold at the Opening Ceremonies, the American athletes will have special uniforms designed by Polo Ralph Lauren. Drawing from the American flag colors of red, white, and blue, the athletes will be fitted with heated parkas powered by a battery pack. The parkas have printed strips of electronic, heat-conducting metallic ink. Akin to an electric blanket but using ink instead of wires, the parkas generate heat from electrons travelling through the silver ink and hitting resistive carbon pads. The parkas are also water-repellant and athletes can control the temperatures of the wearable technology using three different settings. Adopting engineering principles from heated car seats, the wearable technology is more flexible and stretchy and provides up to 11 hours of heat. “We knew about the cold,” said David Lauren, chief innovation officer at Ralph Lauren, “and hit on the idea of using wearable technology to keep our athletes warm.”

Working on wearable technology that is both fashionable and functional? Your experiments could be eligible for the R&D Tax Credit and you could receive 14% back on your expenses. To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Real Estate and Virtual Reality Makes the Phrase “Well this doesn’t look anything like the pictures” Obsolete

As Americans are increasingly transient and moving across states and cities, many just don’t have the time to trek out and scope potential properties. Virtual reality can change that, with a growing number of real estate agents adopting the technology and offering potential buyers a chance to view their future home without even stepping foot on the property.

Martha Johnson, a real estate agent in Dunkirk, MD with EXIT 1 Stop Realty, uses VR regularly with her clients. She records properties, with the listing agent’s permission of course, on a 360-degree camera and stores those videos on a secure online portal for her clients. She also provides them with VR goggles which are connected to a smartphone app so that her clients can take a tour of the property from wall-to-wall and floor-to-ceiling.

Johnson first learned about the technology during a seminar in North Carolina, where another real estate agent had used virtual reality to assist members of the military relocate and find a new home. She said, “They get their orders and they know ’OK, well in so much time, a few months, I’ve got to be here.’ But, if they’re halfway across the country, or in Germany for that matter, it’s very hard to go look at houses.” Connie Stommel, broker and owner of EXIT 1 Stop Realty, asserted the technology is helpful for those who do not live in the area: “Especially for people that are overseas or long distance, they’re coming in from a different state, so it’s definitely a wonderful tool to be able to offer.” Robert Brown of Cornerstone Real Estate Professionals is also a proponent of virtual reality. “It’s a huge plus, having out-of-state buyers being so familiar with the property before they even get here,” he said. Some buyers have even made an offer before stepping onto the physical property.

For those within a local radius, virtual reality is helpful for busy families and professionals who don’t have lot of time to spare to commute to different properties. The virtual tour is often more efficient than a physical walkthrough. Johnson said, “[Virtual reality] takes me maybe seven minutes in a house. If you’re out with the client, you’re in the house probably for 30 [minutes].” Before virtual reality “a lot of times, in my experience, they walk in and they go ‘Well this doesn’t look anything like the pictures, ’” she explained. Now, clients can’t say that anymore.

Experimenting with virtual reality for real estate and other industries? You could be eligible for the R&D Tax Credit and receive up to 14% on your research expenses. To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Invent and Manufacture in America Act: the bipartisan, bicameral bill that could change the landscape of R&D Tax

Since 2000, the United States has lost over five million manufacturing jobs, more than 70,000 manufacturing plants, and only 1 in 10 Americans work in manufacturing compared to 1 in 4 back in the 1960s. The causes for the depreciating manufacturing sector stem from outsourcing labor to other countries as well as the increased use of automation to replace workers. In an effort to revive the industry, a bipartisan, bicameral bill was introduced earlier this year: the Invent and Manufacture in America Act.

The bill was introduced by U.S. Senators Chris Coons (D-DE) and Pat Roberts (R-KS) in June 2017, and U.S. Representatives Mike Kelly (R-PA) and Ron Kind (D-WI) brought a companion bill in the House. If passed, the Invent and Manufacture in America Act would offer an increased tax cut for companies conducting research and development in the United States and who manufacture their products domestically. According to Representative Kelly, “If you want to do something, you usually incentivize any good behavior. So, we’re looking at the loss of jobs we’ve had — manufacturing jobs, the number of manufacturing plants have closed, and when you ask them why is it that you’ve closed … why did you choose to actually assemble it someplace else, it’s usually because of a more favorable tax situation.”

The Invent and Manufacture Act has significant ramifications for the R&D Tax Credit in creating this favorable tax situation. While the R&D Tax Credit is still under-claimed for most industries, the manufacturing sector has been shown to benefit the most from the R&D Tax Credit, comprising 39.5% of the credit’s claimants and receiving nearly 61% of the total amount claimed from the credit across all industries. Coupled with the fact that innovation prompts nearly 50 percent of economic growth in the United States, the manufacturing industry has much to benefit from more investment in R&D. If passed and made into law, the Invent and Manufacture in America Act would increase the R&D Tax Credit up to 25 percent for companies that engage in R&D and manufacture domestically.

The proposed bill has been lauded by most innovators in the country. Keith Roe, president of American Society of Mechanical Engineers, said, “When American innovations are manufactured abroad, we surrender our competitive advantage. This bill will strengthen innovation at home and make the United States more competitive globally by encouraging more domestic R&D and manufacturing.”

Still Have Questions about the New Tax Changes?

Swanson Reed regularly hosts free webinars and provides free IRS CE credits as well as CPE Credits for CPA’s. For more information please visit us at www.swansonreed.com/webinars. To find out more, please contact a Swanson Reed R&D Specialist today.

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