AI TOOL PROFILE
Boast: R&D Tax Credit Software
- Finance and Accounting
- Tax Software
- Startups
- Small and medium-sized businesses
- Mid-market companies
- Companies with R&D operations
Pricing
Boast uses a success-fee model, typically charging between 15% and 25% of the credits secured.
At a glance
- Best for
- Startups, Small and medium-sized businesses, Mid-market companies, Companies with R&D operations
- Key use cases
- Identifying qualifying R&D activities, Preparing audit documentation, Allocating research expenses
- Integrations
- JIRA, GitHub, QuickBooks, NetSuite, ADP
- Official website
- Visit Boast official website
How AI is used
Boast is a platform designed to help businesses in the United States identify and claim federal and state R&D tax credits. It combines machine learning algorithms with technical and tax expertise to identify qualifying research activities and expenses within a company's product development cycle.
The software is intended for companies with active R&D operations, ranging from early-stage startups to mid-market firms. It helps these organizations manage the documentation needed for tax claims and provides a digital audit binder to support the process if tax authorities request verification.
Buyers should note that the platform uses a success-based fee model, meaning the cost is tied to the amount of credits secured. It integrates with several development and accounting tools to pull in activity data.
Key Features
AI-powered activity identification
Uses machine learning to identify qualifying research activities and expenses throughout the development cycle.
Automated time allocation
Supports the allocation of research time across federal and state jurisdictions.
Audit-ready worklogs
Generates documentation and digital audit binders to support claims during tax audits.
Centralized document management
Provides a secure area to manage R&D tax credit documentation and track claim progress.
Multi-jurisdiction support
Designed to handle federal Section 41 credits and various state-level incentives.
Use Cases
Identifying qualifying R&D activities
Using AI to scan product development work to find activities that may qualify for tax credits.
Preparing audit documentation
Creating organized worklogs and documentation to support a claim during an IRS or state audit.
Allocating research expenses
Distributing R&D time and expenses across different state and federal tax jurisdictions.
Integrations
- JIRA
- GitHub
- QuickBooks
- NetSuite
- ADP
FAQ
How does Boast charge for its services?
- Boast uses a success-based fee model, typically charging 15–25% of the credits secured for the client.
What happens if a company is audited by the IRS?
- Boast provides a digital audit binder and represents the client during the audit process to defend the claimed credits.
Which tools does Boast integrate with to track R&D?
- Boast integrates with JIRA, GitHub, QuickBooks, NetSuite, and ADP to help identify qualifying activities and expenses.
Source category: Finance & Accounting
Source subcategory: Tax Software
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