Boast.ai offers an AI-driven platform designed to simplify and maximize the process of claiming R&D tax credits for businesses in the United States and Canada. By integrating with existing technical and financial systems, Boast.ai automates the identification, documentation, and filing of eligible R&D activities, ensuring companies receive the full benefits of available tax incentives.
Key Features and Functionality:
- AI-Powered Classification: Utilizes machine learning algorithms to accurately identify and categorize all R&D activities and expenditures related to eligible projects.
- Seamless Data Integration: Connects with a wide range of payroll, accounting, and project management systems, including Gusto, ADP, QuickBooks, Jira, and GitHub, to streamline data collection and analysis.
- AuditShield Protection: Provides comprehensive audit support by compiling detailed documentation from integrated systems, ensuring claims are audit-ready and defensible.
- Real-Time Claim Tracking: Offers a secure, user-friendly portal for monitoring the status of claims, accessing historical data, and gaining insights into R&D investments.
Primary Value and Problem Solved:
Boast.ai addresses the complexities and time-consuming nature of claiming R&D tax credits by automating the entire process. This not only reduces the administrative burden on companies but also minimizes the risk of errors and audits. By ensuring that all eligible R&D activities are accurately identified and documented, Boast.ai helps businesses secure larger refunds more efficiently. This non-dilutive funding can then be reinvested into further innovation and growth initiatives, providing companies with the financial flexibility to scale and compete effectively in their respective markets.