If you’re a startup founder, you’ve got plenty to worry about. Sometimes keeping up with the dozens (if not hundreds) of Slack messages you get on a daily basis, figuring out how you’re going to ramp up revenue and traction, or putting on your therapist hat to aid a struggling team member, or all the above at once.
Taxes are likely the last thing you want to think about and researching government incentive programs is even less likely to cross your mind.
We get it, the odds are no one on your small team enjoys or has time to find and apply for tax credits, let alone want to submit paperwork any time new credits are added.
And we don’t blame you!
In fact, you’re not alone. More than 80% of startups are either completely unaware they are eligible for government sponsored tax credits or don’t have an easy way to get them.
That’s why securing R&D credits is a job perfectly suited for tax nerds like us.
We’ve literally spent decades in the field listening to the pain points of businesses and their accountants, CFOs, even Fractional CFOs - which is why we spent the last couple of years building, honing, and refining our platform to make it absurdly easy for startups to get cash back so they can focus on what they do best -- building awesome companies and changing the world.
And today, we’re super pumped to announce the release of our new web app.
If you’re a startup that’s less than five years old, have less than $5 million in gross receipts, and you’re developing, or improving upon technology or products, you’re typically a shoe in.
And it takes only about 5 minutes to pre-qualify.
On average, TaxTaker saves startups $50,000 per year. And we’ve supported hundreds of amazing startups with earning back millions in tax credits.
TaxTaker simplifies the process of securing these tax credits through an easy to use tech-enabled solution so users can complete the process in an hour's time or less total.
Once you’re signed up, it happens in three quick steps:
Additionally, the app provides many more benefits to your R&D credit filing process as well including:
Good question. And to answer, we’ll pose another question: why wouldn’t you want cash back straight to your startups bottom line? And fast!
Using our app, you have the potential to earn back up to 10% of what you spend developing products and technologies each year.
Say for example, you spent $100k on software engineering in 2020 W-2 salaries. Through our app and R&D study process, you can expect up to $10k in relief against your payroll tax liabilities. If you spent $200k in W-2s, you can expect up to $20k back, and so on.
All the boring paperwork is done for you, all you have to do is sign up for the app, give us the info we need, and then watch the money roll in.
Just like any other platform it’s easy:
With this new application in place, we’ll help more startups save millions on their taxes every year with R&D tax credits.
That’s it for now!
Get ahead of the game and get your credits in time for tax filing!
We’ll email you 1-3 times per week—and never share your info.
As a venture investor, boosting portfolio success is key. Discover the power of tax credits for real financial gains. Dollars saved, not just income reduced.
Unlock state-level R&D tax credits for vital financial backing. Propel qualified R&D efforts and reach strategic milestones with confidence.