Lever.tax utilizes artificial intelligence to streamline the application process for R&D tax credits, significantly reducing the time and costs associated with submissions. The platform enables innovative companies to determine their eligibility and recover up to 82.5% of their innovation expenses.
Funding
Funding not disclosed
Founders
Product
Problem
Many innovative companies are unaware of their eligibility for R&D tax credits or find the application process complex and costly. Smaller companies often lack the resources to navigate the bureaucratic requirements or afford expensive consultants, hindering their ability to benefit from available incentives.
Solution
Lever.tax offers an AI-powered platform that simplifies and accelerates the application process for R&D tax credits, enabling innovative companies to determine their eligibility and maximize their returns. The platform streamlines the application process, reducing the time and costs associated with submissions, while ensuring compliance and accuracy. By automating key steps and providing expert review, Lever.tax makes R&D tax credits accessible to companies of all sizes, allowing them to recover a significant portion of their innovation expenses and reinvest in growth. The digital platform facilitates the creation and archival of applications for audit purposes, providing a comprehensive solution for managing R&D tax credits.
Target Audience
Lever.tax targets innovative companies across various industries that invest in research and development activities and seek to claim R&D tax credits, particularly small and medium-sized enterprises (SMEs) that lack dedicated resources for tax compliance.
Features
- AI-driven eligibility assessment to quickly determine qualification for R&D tax credits
- Automated data extraction and document processing to streamline application preparation
- Digital platform for creating and archiving applications for audit purposes
- Expert review to ensure the quality and accuracy of the application
- Integration with accounting systems for seamless data transfer
- Customizable reporting and analytics to track R&D expenses and tax credit claims
- Support for various types of innovation expenditures, including salaries, software, patents, and equipment