MainStreet Review- R&D Tax Credits Online Claims Platform

4 minutes

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Overview 

MainStreet is a one-stop, trouble-free method to find, execute and get government tax incentives and tax credits.The stimulus are lucrative tax incentives. Also credit rewards that could result in tax savings. These savings may be used to hire more workers. Even for producing innovative products or services. Or purchasing new equipment or increasing profitability.

Mainstreet identifies future tax advantages and benefits for your start-up or company. As a result, it ensures companies get the most credit worth, don't waste time or money on credits that don't directly help you. They've developed a quick and effortless way to allow their U.S. businesses and entrepreneurs to find out if they're qualified for a grant or credit tax. Helping customers appreciate all the options available to them. They achieve this by receiving a tax credit or searching for other government benefits that might boost the bottom line, helping you to spend in what's next. 

If your business is based in the UK, you can check our review on our UK R&D Tax credit claimer platform

Tax incentives are exemptions, credits or reductions from taxation due to the state. Furthermore, businesses earn tax credits from the government to invest back in their businesses. As a result, it helps make more sound decisions, or help minority or marginalised business owners.

Mainstreet video explanation

Tax credits

It is the sum of money that taxpayers or companies will withdraw from taxes owed to their country. Unlike deductions and exemptions which reduce the amount of taxable income, tax credits reduce the actual amount of tax due.

Tax incentives

Startup Tax incentives and Tax credits 

Your startup has numerous sector-specific tax incentives and benefits, such as federal R&D tax benefits. In short, if the company manufactures new products, creates opportunities, retrains employees or invests in other businesses, you might be liable for attractive tax incentives that may provide significant savings. Mainstreet  platform will identify, qualify and submit any of the company's incentives and benefits. 

Increasing Research  Activities (R&D Tax Credit) 

Research & Development Incentive (R&D Tax benefit) is a U.S. general business tax benefit. Namely, if you are hiring engineers, supervisors or designers you might qualify. In addition, if you are creating innovative products or developing a new product, Mainstreet can apply for you for a sum up to $250K. 

The work opportunity Tax Credit (WOTC)

WOTC is a discretionary tax benefit. It used for companies hiring and retaining people from target communities with major work barriers.  Mainstreet  assist with recruitment & growth. There system  check in real-time as on-board personnel. 

Training and Career Development 

Companies with employees still involved in on-the-job workforce training can receive tax benefits. For example, if you are helping employees learn multiple skills. Or paying for training opportunities? These credits will match well. 

You may then invest the money. For example for, hiring more workers, developing innovative products or services, purchasing new equipment and/or improving profitability. Therefore, knowing how to engage in the different incentive programs available is vital for your company's growth and financial well-being. Mainstreet platform can help your business create a comprehensive tax strategy. Moreover prepare your business for profitability while and overall federal, state , and local tax liabilities. 

You may be able to claim Corporation Tax credit if your business project meets the US definition of Research and Development ( R&D).

How Mainstreet work? 

It takes 5 minutes to get on board, and it's free to see how much you're going to qualify for. Once you're in, they'll take all the data they need from your payroll system and do all the paperwork for you when it's time to file. They'll just get charged after they locate and get you back the credits you owe. The average startup is owed $40,040. If you are eager to start ,use our link get a discount on their finder's fees

Summary

Mainstreet support utilises tax credits and incentives to minimise net tax responsibility. 

They funded and counted thousands of U.S. startups and companies. Mainstreet offered a clear, paperless electronic system for incentives. The platform truly provides a solution for entrepreneurs and small businessmen. Regardless if you have little resources , knowledge, or time to claim government benefits. It gets the company's most tax benefits and incentives. They're just paid when you're paid. Hence, Mainstreet tax incentives operates to mitigate spending and tax commitments.