Software and solutions company Corvee is introducing Instead and Instead Pro, cutting-edge solutions that leverage artificial intelligence (AI) and provide an unprecedented ability for businesses and accountants to easily manage and optimize Research & Development (R&D) tax credits.
The offerings once again enable Corvee to step up to address the tax industry’s long-standing pain points. For many businesses, taxes represent their No. 1 expense. Traditional tax preparation software often falls short in uncovering specialized tax credits and savings opportunities, leaving many qualified businesses overpaying their taxes year after year.
The Instead platform leverages AI to help firms identify and document qualified projects for R&D tax credits. The software facilitates the entire process—from estimating tax savings and calculating final credit amounts for tax preparation to implementing and substantiation for the credit. The process is streamlined, efficient and easy to use, making R&D tax credits accessible for any business.
The Instead Pro version is designed specifically for accountants. It is a step-by-step platform providing the tools and resources needed to help their clients access R&D tax credits. With Instead Pro, firms can expand their services and offer even more value to their clients.
Andrew Argue, founder and CEO of Corvee, says the tools will help revolutionize the way businesses and accountants handle R&D tax credits. “By harnessing the power of AI, we have made an often complex process simple and accessible. The launch of Instead and Instead Pro represents another significant stride in our mission to empower smarter tax decisions.”
Both Instead and Instead Pro are designed to be affordable, with pricing for businesses starting at $16 per month, and pricing for accounting firms starting at just $9 per month per entity. In a departure from industry norms, Corvee is offering firms the option to have their clients sign up and pay for the product themselves. This eliminates the financial burden traditionally borne by the firms and makes Instead one of the most economical yet powerful tax software on the market.
With Instead and Instead Pro, businesses and accounting firms can maximize their savings for federal and state R&D tax credits in just a few clicks. Instead AI generates the meticulous documentation needed for substantiating the R&D credit, and the platform tracks each task, milestone and deadline with convenient email reminders.
For more information on these groundbreaking products, visit instead.com.
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