“Peaceful” possibly isn’t the first term that comes to brain when a startup founder thinks about tax period.
But two business people in Atlanta Tech Village feel it could be. Their application, TaxZen, is designed as a “do-it-for-me” tax submitting platform precisely for tech startups and organizations wanting to optimize their analysis and enhancement (R&D) credits.
Saurav Bhandari, CPA worked in finance and analytics at The Residence Depot just before catching the entrepreneurial bug himself and signing up for forces with co-founder Riya Adhikari. Immediately after starting a CPA company, Riya explained she found “a lot of dollars [in R&D tax credits] was not staying claimed, and our startup community actually needed that cash. So we assumed about what we could build to assist them.”
Making and Educating in the Tax Space
What the co-founders designed was a system that is each tech and human-centric. TaxZen’s algorithm is intended to mechanically lookup for skipped enterprise tax credits by integrating straight with customers’ payroll and accounting software program expert services.
Clients get added access to a market that “connects a client’s wants to a particular CPA’s knowledge,” additional Saurav. That marketplace of CPAs can aid providers wander by the a lot more unique tax-linked concerns with out acquiring to go by a regular CPA business. “That human touch is one thing that we are heading to acquire ahead no subject like you know how big we get,” reported Riya.
Their pool of CPA gurus is frequently growing to meet up with demand from customers.
As a tech startup, TaxZen has buyers pay a share of whatsoever R&D tax credits they qualify for as a platform charge on a contingency basis.
As Hypepotamus chatted with TaxZen’s co-founders, it was apparent that the two co-founders do dwell their tag line: “Taxes really do not have to suck!”
Education and learning also remains front and center for the team. As early-phase startup founders by themselves, Riya and Saurav told Hypepotamus that emphasizing with other founders usually means offering helpful tax-associated information and facts, which at present arrives in the form of weekly R&D tax credit history webinars run out of Atlanta Tech Village.
The workforce recently pitched at Atlanta Startup Village’s August pitch event and are looking to continue on to grow their existence in the metropolis and past.
And they have a lofty goal of assisting 100,000 early-phase tech providers in the next two many years navigate tax credit rating season, Saurav included.
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