About

MainStreet helps businesses find and claim tax credits to maximize their savings. Using its own AI technology, the company analyzes over 200 tax credits to identify the ones that best fit each client's needs. Once a business qualifies for specific tax credits, MainStreet manages the entire claiming process, which saves clients time and effort. The company charges a fee for its services and is supported by a team of experts, including Certified Public Accountants and tax code specialists, ensuring compliance with IRS guidelines. Unlike many competitors, MainStreet has a strong track record with no audits among the thousands of businesses it has assisted. The goal of MainStreet is to provide businesses with peace of mind regarding their tax credits, allowing them to focus on their core operations.

Simplify's Take

What believers are saying

• Growing demand for AI-driven tax solutions boosts MainStreet's market potential.
• Expansion of government incentives for green practices offers new service opportunities.
• Increased fintech and traditional financial institution collaboration opens partnership avenues.

What critics are saying

• Recent 30% staff layoffs may impact service quality and client satisfaction.
• Valuation drop from $500M to $200M suggests potential financial instability.
• Flat 20% success fee model may face pressure for more competitive pricing.

What makes MainStreet unique

• MainStreet uses AI to streamline tax credit identification and claiming processes.
• The company charges a flat 20% success fee upon incentive disbursement.
• MainStreet has a strong compliance record with no client audits to date.

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