TaxCredible Company Profile

Background

TaxCredible, formerly known as Alpharesults, is a financial services firm specializing in federal and state tax incentive management. Established in 2002 and headquartered in Alpharetta, Georgia, TaxCredible partners with Certified Public Accountants (CPAs) and businesses to identify and optimize tax credit opportunities, thereby enhancing client retention and expanding service offerings.

Key Strategic Focus

TaxCredible's strategic focus centers on:

• Comprehensive Tax Incentive Services: Offering a full suite of services to assist CPAs and businesses in discovering and managing eligible tax credits.

• Technology-Driven Solutions: Utilizing proprietary software to streamline the identification and application processes for tax incentives.

• Client-Centric Approach: Collaborating closely with CPAs to enhance their service portfolios without adding overhead, thereby improving client loyalty and satisfaction.

Financials and Funding

As of the latest available data, TaxCredible reports annual revenues between $10 million and $25 million, with a workforce of approximately 20 employees. Specific details regarding funding rounds or external investments are not publicly disclosed.

Pipeline Development

TaxCredible offers expertise in various tax credits, including:

• Georgia Retraining Tax Credit: For businesses upgrading software or technology.

• Georgia Job Tax Credit: Supporting companies that have adjusted staffing due to economic impacts.

• Georgia Investment Tax Credit: Assisting manufacturers in recovering costs related to facility improvements.

• Georgia Port Activity Tax Credit: Benefiting companies increasing imports or exports through Georgia ports.

Technological Platform and Innovation

TaxCredible distinguishes itself through:

• Proprietary Software: The Tax Incentivizer platform identifies tax incentive opportunities efficiently.

• Streamlined Processes: Managing the entire lifecycle of tax incentive projects from discovery to delivery.

• Audit Support: Providing comprehensive documentation and support designed to withstand audits.

Leadership Team

• Steven Hoffer: Chief Executive Officer. Steven brings extensive experience in steering dynamic teams toward success, contributing to the growth and efficiency of TaxCredible’s operations.

• Matt Anderson: Finance Director. With a background in finance and accounting, Matt has held pivotal roles in financial reporting, treasury management, and mergers and acquisitions.

• Christine Elliott: Sales & Marketing Director. Christine is a strategic marketer with over 19 years of experience, specializing in both traditional and digital marketing channels.

Leadership Changes

In July 2023, TaxCredible underwent a rebranding from its former name, Alpharesults, to better reflect its commitment to trust, care, and integrity. This change was not associated with any shifts in ownership or leadership.

Competitor Profile

Market Insights and Dynamics

The tax credit services industry is characterized by a competitive landscape with several firms offering specialized services to businesses seeking to optimize tax incentives. The market is driven by the complexity of tax codes and the need for expert guidance in navigating available credits.

Competitor Analysis

Key competitors include:

• Pilot: Provides comprehensive bookkeeping and tax services, focusing on startups and small businesses.

• PricewaterhouseCoopers (PwC): A global professional services network offering extensive tax advisory services.

• WOTC.com: Specializes in Work Opportunity Tax Credit services, assisting businesses in claiming hiring-based tax credits.

• Armanino: An independent accounting and business consulting firm providing tax credit services among other offerings.

• TaxTaker: Focuses on helping startups and small businesses access R&D tax credits.

Strategic Collaborations and Partnerships

TaxCredible collaborates closely with CPAs, providing them with tools and expertise to offer enhanced tax incentive services to their clients. This partnership model allows CPAs to expand their service offerings without additional overhead, fostering client loyalty and business growth.

Operational Insights

TaxCredible's competitive advantages include:

• Specialized Focus: Concentrating exclusively on tax incentives allows for deep expertise and tailored services.

• Technology Integration: Leveraging proprietary software to streamline processes and improve efficiency.

• Collaborative Approach: Partnering with CPAs to enhance their service portfolios and client relationships.

Strategic Opportunities and Future Directions

TaxCredible aims to:

• Expand Service Offerings: Continuously develop and introduce new tax incentive services to meet evolving client needs.

• Enhance Technological Capabilities: Invest in technology to further streamline processes and improve client experiences.

• Strengthen CPA Partnerships: Deepen relationships with CPAs to broaden market reach and service delivery.

Contact Information

• Website: www.taxcredible.com

• LinkedIn: www.linkedin.com/company/taxcredible