Albotech has raised $2.5 million in a Series A funding round to bring its tax strategy solutions to more small and medium-sized businesses (SMBs).
The company plans to use the new funding to expand its strategic partner program and continue developing its tax credit platform. and Arvo Tech will help small and medium-sized businesses implement comprehensive tax strategies, the company announced on Wednesday (July 17). press release.
“By managing tax credits and tax strategies in one place, we provide businesses with the tools they need to make better financial decisions and take advantage of available incentive programs.” Terracina Maxwell“Many small businesses are unaware of this initiative, so by bringing these different programs and strategies together, we can make a big impact,” the Arvo Tech co-founder and president said in the release.
According to the announcement, Arvo Tech’s tax credit support includes assessing each company’s available employment tax credits, continually monitoring to ensure each company receives the maximum tax credits, providing completed IRS forms necessary for companies to apply for the credits, and providing all necessary documentation and support from a tax attorney in the event of an IRS audit.
The company also helps businesses develop comprehensive tax plans, prepare all required documents and filings, monitor progress towards achieving tax strategy goals, and ensure compliance with IRS regulations, according to the release.
Arvo Tech is Range In total, the industry is claiming $650 million in tax credits, according to the announcement.
“Alvotech has emerged as a leader in this field.” David GroveManaging Partner Bandon Partners“Backed by a team with deep expertise and combined with our unparalleled technology, Arvo will revolutionize the way businesses plan for and access critical incentive funding,” said David Cole, who led the company’s latest funding round, in a release.
Another recent trend in the area of taxation is Gold repair The company raised $6 million in a Series A funding round in May. Tax Automation platform.
Kintsugi’s platform aims to help both e-commerce and software-as-a-service (SaaS) businesses replace manual processes with automated sales tax compliance solutions.
