Startups in the US and Canada are experiencing financial pressure created by the current global health crisis. Since the spread of the COVID-19 virus, about 74% of all startups have reduced their staff. Additionally, venture capital investments also seem to have reduced in the short term.
In order to arrange the required funding, startups are dependent on financial relief measures from the US and Canadian governments who have announced many programs to finance businesses during challenging times. A program that is often overlooked due to its cumbersome application process is the Research and Development Tax Credit program which is designed to help companies with funding to accelerate innovation.
Boast.AI is helping businesses get the required funding without the cumbersome process. Boast.AI leverages its proprietary R&D Tax Credit software platform along with in-house R&D Tax experts to streamline the application process, enabling startups and small businesses to innovate faster and sustain jobs.
Boast.AI gathers data from a company’s technical project tracking systems and bookkeeping systems to help identify and categorize eligible projects along with associated expenses. Boast.AI handles the entire R&D Tax Credit application process, including preparing the technical and financial reports as well as the R&D tax forms. In addition, Boast handles all communications with the government authorities.
Boast.AI does not charge any fee until businesses receive their R&D tax refund check from the government, thereby enabling businesses to get funding without risk and impact to their internal resources