About

MainStreet helps businesses find and claim tax credits to save money. Using its own AI technology, the company searches through more than 200 tax credits to identify the ones that fit each business best. Once a business qualifies for these credits, MainStreet manages the entire claiming process, which saves the business time and effort. The company charges a fee for its services and has a team of experts, including Certified Public Accountants and tax specialists, to ensure compliance with IRS guidelines. MainStreet stands out from competitors by having a strong track record, with no clients audited after using their services. The goal of MainStreet is to allow businesses to focus on their growth while they take care of tax credit claims.

Simplify's Take

What believers are saying

• MainStreet's AI-driven approach can significantly streamline tax credit claims, offering substantial savings for businesses.
• The launch of the Main Street Micros grant program indicates ongoing innovation and support for small businesses.
• Partnerships with organizations like the Small Business Development Center and the Center for Rural Innovation expand MainStreet's reach and impact.

What critics are saying

• Recent layoffs and a significant drop in valuation could indicate financial instability and affect employee morale.
• The competitive fintech landscape may pose challenges in maintaining market share and attracting new clients.

What makes MainStreet unique

• MainStreet leverages proprietary AI technology to identify and claim over 200 tax credits, setting it apart from traditional tax advisory services.
• The company's team includes in-house CPAs and tax code specialists, ensuring compliance and accuracy in all tax credit claims.
• MainStreet's strong track record of zero audits among its clients provides a unique selling point in the business finance sector.

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