Instead Pro from Corvee
2024 CPA Practice Advisor Innovation Award Winner
https://www.instead.com/pro
Instead.com is a groundbreaking tax platform that exemplifies innovation in the tax and accounting space. By leveraging AI, Instead empowers businesses and individuals to easily identify and claim a wide array of tax deductions and credits, leading to significant tax savings and improved financial efficiency.
Instead’s AI-driven platform streamlines the process of navigating complex tax positions. For businesses, it simplifies claiming common deductions like home office, meals, travel, and vehicle expenses. Instead also helps with more specialized tax strategies like the R&D tax credit, depreciation, and entity changes. This allows businesses to maximize their tax savings with minimal effort.
For individuals, Instead makes it easy to claim energy credits like the clean vehicle credit. It also helps real estate owners take advantage of unique tax rules like the Augusta rule for tax-free rental income. By making these tax positions accessible to the average taxpayer, Instead levels the playing field.
What sets Instead apart is its AI documentation capabilities. Instead AI generates the detailed documentation needed to substantiate tax positions like the R&D credit in minutes. This eliminates hours of manual work and reduces audit risk.
Instead also provides an all-in-one platform for accounting firms called Instead Pro. This enables firms to easily manage key tax positions for their clients, shifting from simple tax preparation to high-value advisory services. By empowering firms to proactively find tax savings for clients, Instead helps them attract and retain business.
In summary, Instead is revolutionizing tax management for businesses, individuals, and accounting firms alike. By combining an intuitive platform with powerful AI, it makes complex tax strategies accessible, automates burdensome documentation, and enables proactive tax planning. This leads to improved efficiency, productivity, and most importantly – profitability through maximized tax savings. Instead is truly innovating how taxes are done.
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See all of the 2024 Tax and Accounting Technology Innovation Award Winners and Finalists at:
https://www.cpapracticeadvisor.com/2024/08/29/2024-tax-and-technology-innovation-awards/109458/
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Tags: Accounting, Taxes
