MainStreet is a financial platform that utilizes AI technology to analyze businesses for eligible tax credits and government incentives, streamlining the claims process. By automating the identification of savings opportunities within the complex IRS tax code, MainStreet helps startups and small businesses maximize their financial benefits without the risk of audits.
Funding
$106M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Startups and small businesses often miss out on valuable tax credits and government incentives due to the complexity of the IRS tax code and a lack of specialized expertise. Manually identifying and claiming these benefits is time-consuming, requires in-depth knowledge, and can expose businesses to audit risks if not handled correctly.
Solution
MainStreet offers an AI-powered platform that automates the process of identifying and claiming eligible tax credits and government incentives for startups and small businesses. The platform analyzes a business's financial data and activities to pinpoint applicable savings opportunities within the IRS tax code. By streamlining the claims process and ensuring compliance with IRS guidelines, MainStreet helps businesses maximize their financial benefits without the need for extensive manual effort or the risk of audit-related issues. The platform provides a user-friendly interface and expert support to guide businesses through every step of the process.
Target Audience
The primary target audience includes startups and small to medium-sized businesses (SMBs) across various industries seeking to optimize their tax benefits and reduce the administrative burden associated with tax credit claims.
Features
- AI-driven analysis of business data to identify eligible tax credits and incentives
- Automated claims process that simplifies and accelerates the application procedure
- Comprehensive coverage of various tax credits, including R&D tax credits
- Continuous monitoring of changes in tax laws and regulations to ensure ongoing compliance
- Secure data storage and encryption to protect sensitive financial information
- Integration with accounting software and other business systems for seamless data transfer
- Dedicated support from in-house CPAs and tax code specialists