By using Claim (incentive), you will be able to:

• Find a tax consultant who has a successful track record in providing tax services for startups. The tax consultant will understand your industry, your challenges, and your goals. You can get a referral from a tax consultant who has helped you with personal or professional matters, attend business events and conferences where tax consultants are present, or use online tax directories and services to find a suitable tax consultant.
• Get tax advice and assistance on various matters such as tax planning, tax filing, tax compliance, tax audit, tax dispute resolution, and more. You can consult with a tax consultant over the phone or via email for a fixed fee or on an hourly basis. You can also have your tax consultant prepare and submit your tax returns and claims.
• Access tax incentives and benefits that can help you reduce your tax liability and increase your cash flow. Some of the common tax incentives and benefits for startups are:
  • R&D Tax Credit: This is a federal tax credit that rewards businesses for conducting research and development activities in the United States. The R&D tax credit can offset up to 20% of the qualified research expenses incurred by the business. The R&D tax credit can also be used to offset payroll taxes for startups that have less than $5 million in gross receipts and no taxable income¹².
  • Section 80 IAC Tax Exemption: This is an Indian tax exemption that benefits eligible startups that are recognized by the Department for Promotion of Industry and Internal Trade (DPIIT). The Section 80 IAC tax exemption allows startups to claim 100% deduction of their profits for three consecutive years out of the first ten years of their incorporation³.
  • Tax relief for new start-up companies: This is an Irish tax relief that benefits new companies that commence trading in certain sectors. The tax relief allows new companies to pay no corporation tax for the first three years of trading, subject to certain conditions and limits⁴.

To use Claim (incentive), you need to be a member of Council Startup. You can sign up for free on the website and create your profile. Once you are a member, you can access the Claim (incentive) page on the website, where you can see the list of all the available tax consultants, incentives, and benefits. You can choose the ones that are relevant to your business needs and interests. You can also search for specific keywords or topics that interest you. You will then see the details of the tax consultants, incentives, and benefits that match your search criteria. You can contact them directly or use the online platforms to get tax help.