TaxCredit.ai
AI-powered R&D tax credit solution for businesses and accountants.
Executive Summary
TaxCredit.ai is an AI-powered platform designed to streamline and automate the R&D tax credit claim process for businesses and their accountants. It helps companies efficiently identify eligible research expenses and maximize their tax savings, potentially returning about 10% of engineering payroll in tax reductions. The solution aims to simplify a complex process, making R&D tax credit studies data-driven and confident. The platform leverages AI to generate verifiable technical summaries and accurately calculate R&D time, reducing the manual effort traditionally associated with these claims. It integrates with development platforms like GitHub, GitLab, and Azure DevOps to gather necessary data, enabling accountants to lead comprehensive R&D credit studies for their clients. Beyond R&D tax credits, TaxCredit.ai also supports GAAP Software Capitalization reporting for the tech industry. By automating documentation and calculation, TaxCredit.ai helps firms eliminate hundreds of hours from their workflow, as demonstrated by case studies showing significant tax credit savings. It strengthens R&D documentation, ensuring compliance and reducing the risk associated with IRS scrutiny, making it a valuable tool for tech startups and established businesses alike.
Use Cases
- Generating verifiable technical summaries for R&D tax credit claims.
- Calculating R&D time and expenses for tax credit purposes.
- Automating GAAP Software Capitalization reporting for tech companies.
- Strengthening R&D documentation for IRS compliance and audits.
- Helping accountants efficiently lead data-driven R&D credit studies for clients.
Features
Intelligence
- Automated R&D Activity Identification: AI identifies eligible R&D activities from development data, streamlining the credit qualification process.
- Maximized Credit Calculation: Calculates the optimal R&D tax credit using both Regular and Alternative Simplified Credit methods.
- GAAP Software Capitalization: Automatically calculates GAAP Software Capitalization costs using data from development platforms.
Technical Specifications
- Architecture
- Multi-tenant SaaS
- Deployment
- SaaS
- API Available
- Yes
AI/ML Stack
- GenAI
- Machine learning
- Rules-based AI models
- Custom rules
Integrations
- GitHub
- GitLab
- Azure DevOps
Pricing
- Model
- Tiered fixed-fee pricing capped at 20% of savings
- Starting Price
- $3,900
- Target Customer
- SMB,Mid-Market,Enterprise,Accountants,CPA Firms,Tech Startups
- Contract Type
- Not stated
- Free Trial
- No
About TaxCredit.ai
TaxCredit.ai develops R&D Tax Credit software that uses AI, data science, and LLMs to automate the process for businesses. It also helps tech-industry accountants calculate GAAP Software Capitalization costs using data from development platforms.
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