Instead

San Francisco, CA, United States All United States companies → — Founded 2023

General Productivity AI

Family Medicine Internal Medicine Pediatrics

Physician Finance & Tax

Series A — $5M

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Products

Instead (formerly Corvee Tax Planning Software)

Instead

Physician Finance & Tax

Instead is an AI-powered tax management platform for individuals, businesses, and accounting firms, specializing in identifying tax strategies, automating documentation, and streamlining tax planning and filing to maximize savings.

Starting at $16/month for individuals, with specific tiers for businesses and accounting firms.

See all 1 product →

About Instead

Instead (instead.com) is an artificial intelligence-powered tax management platform designed to serve businesses, accountants, and individuals. The company’s software specializes in analyzing tax returns, identifying tax strategies, and automating documentation generation to help maximize tax savings. It aims to transform reactive tax filing into a proactive financial strategy, enabling users to uncover eligible deductions, credits, and other opportunities.

Instead’s platform offers features such as personalized AI tax assistance, seamless expense imports, automatic documentation generation, and a dynamic reporting suite. These tools are built to ensure users and their advisors can collaborate effectively to maximize tax savings with transparency and ease. The company has received IRS and state approvals to file individual, business, trust, and estate returns.

(Note: While the prompt identified Instead as a ‘healthcare AI company’, the information gathered for instead.com consistently describes it as an AI-driven tax management and financial software company, not a healthcare company.)

Focus Areas

AI-driven tax management tax savings tax planning tax preparation tax filing R&D tax credits tax advisory financial software

Business Intelligence

Key Investors	Skylark Private Equity Partners, IRIS Software Group
Partnerships	IRIS Software Group (strategic investment and innovation partnership)
Acquisitions	Corvee
Technology	AI-driven platform, agentic AI, generative AI, autonomous AI workflow, cloud-native

What Physicians Need to Know

AI-Driven Tax Management & Planning

Instead leverages advanced agentic and generative AI to transform reactive tax filing into proactive financial strategy. The platform analyzes tax returns, identifies missed opportunities, and implements tax-saving strategies with supporting documentation. It provides an AI Tax Assistant for personalized questions, eligibility determination, and calculation of deductions and credits. Key features include Tax Return Analysis Reports, Tax Plan Reports, and Individual Strategy Reports, all backed by detailed calculations and IRS code.

Comprehensive Tax Savings & Credits

Instead specializes in maximizing tax savings by identifying a wide array of eligible deductions and credits. This includes common areas like home office, vehicle expenses, meal expenses, and depreciation, as well as more specialized incentives such as Research & Development (R&D) tax credits, Work Opportunity Tax Credits (WOTC), health reimbursement arrangements, child & dependent tax credits, and various retirement account strategies (e.g., Roth 401k, Traditional 401k).

Automated Tax Preparation & Filing

The platform aims to automate over 90% of the tax preparation process, streamlining tasks from expense imports to automatic documentation generation and e-signing. Instead is notable as the first company in decades to receive IRS and state approvals to e-file individual (1040), business (1120, 1120S, 1065), trust (1041), and estate returns.

Tax Advisory & Collaboration

Instead supports both individuals and businesses, allowing users to manage their taxes directly or collaborate seamlessly with their existing tax professionals. The 'Instead Pro' platform is specifically designed for accounting and tax firms, enabling them to automate tax preparation, offer strategic advisory services, and manage multiple client tax positions from a centralized dashboard.

Key Differentiators

Instead's primary differentiators include its AI-first approach for proactive tax strategy and automation, its comprehensive IRS and state approvals for various entity e-filing, and its commitment to transparency through clear calculations and automatic documentation. It shifts the paradigm from reactive tax compliance to continuous, intelligent tax planning.

Technology Stack

The core of Instead's technology stack is its advanced AI, specifically agentic and generative AI, which powers its analytical capabilities, strategy identification, and automation of tax processes. The platform offers integrations with popular accounting software like QuickBooks Online for expense imports and financial monitoring, and also features bank statement connections. It maintains SOC 2 compliance for data security.

Physician Tip

For physicians, Instead offers a powerful solution to navigate complex financial landscapes. Its AI-driven approach can proactively identify tax savings related to private practice expenses (e.g., home office, vehicle, equipment depreciation), investments, and various income streams. Leveraging the platform's ability to handle different entity types (sole proprietorship, S-corp, partnership) and specialized credits like R&D (relevant for medical innovation or research within a practice) can lead to significant savings. The automation of documentation and preparation saves valuable time, allowing physicians to focus on patient care. Furthermore, the collaboration features enable seamless integration with your existing CPA or financial advisor, ensuring expert oversight while still benefiting from Instead's advanced tools. Consider using Instead to move beyond basic tax filing to a more strategic, year-round tax optimization approach.

Instead currently highlights direct integrations with QuickBooks Online for seamless expense imports and financial data categorization, as well as bank statement connections. While not explicitly stated, the ability to import and export data for tax filing purposes suggests compatibility with standard tax preparation software. Physicians should inquire about potential integrations with common medical practice management software or EHR systems for even more streamlined expense tracking, although this is not a currently advertised feature. The platform's focus on a unified tech stack aims to reduce the need for multiple disparate tools.

At a glance

Founded 2023

HQ San Francisco, CA, United States · United States

Team size 44

CEO Andrew Argue

Funding Series A — $5M

Products 1

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Products by Instead

1 product in the directory

Instead (formerly Corvee Tax Planning Software)

Instead

Physician Finance & Tax

Starting at $16/month for individuals, with specific tiers for businesses and accounting firms.

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Press & Coverage

GlobeNewswire

Instead becomes the first new tax platform in decades to pass 100% government testing across all U.S. jurisdictions

Instead, an AI-powered tax platform, has successfully completed government testing for electronic filing and printing of tax returns across all U.S. federal, state, and local jurisdictions, a milestone not achieved by a new platform in decades.

2026-05

Instead.com

Instead introduces the AI Agent for end-to-end business and individual tax filing

Instead has launched 'Instead Agents,' an AI-native system designed to handle the entire tax return process, including research, planning, preparation, filing, and resolution for various entity types.

2026-04

Instead.com

Corvee Joins the Instead Brand as Company Nears 100% Government Approvals

Corvee has joined the Instead brand as Instead approaches full government approvals for tax filing across the U.S.

2026-04

Instead.com

Instead Announces Strategic Investment from Skylark Partners

Instead has secured a strategic investment from Skylark Partners.

2026-03

GlobeNewswire

Instead Achieves 67% of All Government Tax Filing Approvals, On Track for Complete Nationwide Coverage in Weeks

Instead announced it has secured 67% of all required government approvals for electronic and print tax filing across federal, state, and municipal jurisdictions, with complete nationwide coverage expected within weeks.

2026-03

Accounting Today

Instead to offer free tax prep and filing

Instead plans to offer free tax preparation and filing services for certain filings once its solution rolls out for the 2026 tax year, aiming to shift the focus from prep fees to generating tax savings.

2025-09

Instead.com

Instead Launches AI-Powered Tax Strategy Platform u2013 Maximizing Savings for Individuals and Businesses

Instead officially launched its AI-driven tax strategy platform, designed to help business owners and individuals maximize tax savings by analyzing tax returns and identifying opportunities.

2025-05

Instead.com

IRIS Software Group Announces Strategic Investment in AI Powered Tax Management Platform, Instead

IRIS Software Group has made a strategic investment in Instead, an AI-powered tax platform that automates tax preparation for accountants.

2025-05

Frequently Asked Questions

How does Instead's AI platform specifically assist physicians and healthcare administrators with tax management, planning, and maximizing tax savings?

Instead's AI-powered tax planning software is designed to help medical professionals determine tax-efficient business structures, identify eligible deductions, and optimize financial strategies like retirement planning. The platform automates tracking, documentation, and calculations to proactively find tax savings and streamline the overall tax management process. It also offers AI-driven tax reports to enhance decision-making and uncover missed opportunities.

Can healthcare practices and administrators leverage Instead's platform to identify and claim R&D tax credits?

Yes, Instead's platform helps businesses, including those in healthcare and life sciences, identify and claim R&D tax credits. The R&D tax credit is a federal incentive that reduces tax liability for companies investing in innovation, such as developing new medical devices, pharmaceuticals, or healthcare software. Instead provides step-by-step guides and tools to help businesses determine eligible projects and expenses, create necessary documentation, and prepare for submission.

What measures does Instead take to ensure compliance with healthcare-specific regulations like HIPAA, especially when handling sensitive financial and practice data?

Instead emphasizes compliance and data security, stating their platform maintains SOC 2 compliance for data security. While the search results do not explicitly mention HIPAA compliance for Instead's core tax management software, healthcare financial software generally must adhere to strict regulations like HIPAA for patient data protection. Instead's integration with QuickBooks and its focus on secure document storage suggest a commitment to data integrity.

What is the pricing structure for Instead's AI-driven tax management services, particularly for healthcare professionals and practices?

Instead offers pricing starting at $16 per month for individuals, sole proprietors, and real estate owners. For accounting and tax firms, Instead Pro's pricing is based on the number of entities managed, not the number of users, allowing for additional users at no extra cost. They also plan to offer free tax preparation and filing for various forms, with additional products and services available for those seeking tax savings strategies.

What kind of support and resources does Instead offer to physicians and healthcare administrators using their platform for tax management?

Instead provides access to a dedicated partner team, a Pro dashboard for managing client tax positions, and priority support and training for accounting firms. For direct users, they offer customer support, an integrated knowledge base, automated tasks and reminders for deadlines, and the ability to invite tax professionals to collaborate on the platform. Users can also schedule calls with Instead's team for tax strategy assessment and implementation.

Does Instead offer partnership opportunities for healthcare organizations or their existing accounting firms to enhance tax advisory services?

Yes, Instead offers a 'Instead Pro' partner program specifically designed for accounting and tax firms. This program enables firms to expand their advisory services, focus on strategic tax planning, and leverage Instead's platform to find tax savings for their clients. Partners gain access to a dedicated team, a dashboard for client management, and opportunities for organic growth through a tax advisor directory.

How can physicians and healthcare administrators be assured of Instead's company stability and long-term viability as a financial software provider?

Instead launched in June 2023 and has quickly achieved a significant milestone by becoming the first new platform in decades to receive IRS and state approvals to e-file various individual and business tax returns. In May 2025, IRIS Software Group, a leading global provider of accountancy software, made a strategic minority investment in Instead, which helps accelerate product development and expand its market reach, indicating strong financial backing and growth potential.

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