Boast.AI makes R&D tax credit applications hassle-free
Entrepreneurs Alex Popa and Lloyed Lobo, Founders of R&D Tax Credit Management platform Boast.AI have not only managed to grow their business during the pandemic, but also are helping other startups get funding and growth advice.
Lloyed is of Indian-origin - he grew up in Kuwait and was a part of the “airlift experience” during the Gulf War in 1990. Alex and Lloyed met in college while studying engineering and they’ve been best friends since.
What is Boast.AI?
Each year the US and Canadian governments provide billions of dollars in funding to companies through the Research and Development Tax Credit program.
US startups can use the R&D Tax Credit to offset up to $250,000 per year in payroll taxes, which typically comes as a refund check. Canadian startups can get a cash back of up to 64% of their R&D expenses through the SR&ED program.
The application process is time consuming and cumbersome. Boast.AI makes R&D tax credit applications hassle-free by managing the entire process from identifying eligibility to preparing the paperwork and ensuring that companies get the money. Boast only charges its fee once its customers receive their money from the government, thereby enabling businesses to get funding without the risk and effort.