R&D Capitalization is here! Are you wondering how this change impacts your business? Join our live Q&A to get answers.
R&D Capitalization is here! Are you wondering how this change impacts your business? Join our live Q&A to get answers.
At Neo.Tax, we’ve been preparing for months for the eventuality that Congress wouldn't strike a deal to end R&D Capitalization. We view it as our duty to make taxes work for innovative companies, so we’re proud to say that Neo.Tax has the only software solution that can cover all aspects of R&D tax strategy: from credits to amortization, and everything in between.
Every pollster and cable news talkinghead predicted a Red Wave: the Republicans would take back the House and the Senate—the only question was by how wide a margin. But then, Election Day came, and the Democrats outperformed both expectations and the historical…
As Q3 earnings reports emerge, a new reality is coming into focus. Meta’s disappointing projections sent the social media giant’s share price to free fall, which captured most of the headlines. Analysts focused on runaway spending and the hit to their ad business, but there is another factor which Meta was already focused on as early…
The most unpopular tax time bomb just went off... what can you do about it?
Text LinkBlog
During the rollout of his signature corporate tax cut, the Tax Cut and Jobs Act of 2017, President Donald Trump argued that his plan would stop U.S. companies from offshoring their work overseas. But according to Reuters, it failed to curtail the flow of American jobs abroad…
Text LinkBlog
We’ve heard the stresses of the current inflationary moment explained in a lot of ways—through the rise in gas prices, the cost of Thanksgiving dinner, and the exorbitant increase in mortgage rates—but a recent LinkedIn post by Tomasz Tunguz framed it in a way every founder should pay attention to…
Text LinkBlog
Just like every other startup, we had our fingers crossed that Congress would come together to undo the new R&D Capitalization rules before they take effect next tax year. But, unfortunately, it seems as though the new reality is here to stay (at least for now). We built Neo.Tax to...
Text LinkBlog
Neo.Tax is now the primary service provider for Bench's R&D tax credit clients! Our goal at Neo.Tax is to make sure every innovative startup receives the money they’re owed. More than $12 billion worth of R&D tax credits were claimed in 2014, but a significant portion of that money went...
Text LinkNeo.Tax
You didn’t found your company because you always dreamed of navigating a constantly shifting tax landscape—but that doesn’t mean you get to ignore it. So, here’s an R&D Capitalization cheatsheet from your tax wonk friends at Neo.Tax.… So, uh, what do Amortization and Capitalization Mean? Fair question! Capitalization can be...
Text LinkIndustry News
Tax law is rarely popular, especially with both sides of the aisle. But the R&D tax credit has done the unthinkable: change the tax code to appeal to everyone, by incentivizing innovation within the United States. Every 1-2 years since it was created in 1981, the R&D tax credit has...
Text LinkBlog
when congress extended r&d credits to startups in 2016, a deal had to be struck. a bargain that had to counterbalance the giving of money to startups, with some way of recouping that money (or more) via taxes. “ok fine, we’ll give startups up to $250k for their investments in product development, but...
Text LinkBlog
we’ll give you the bad news first startups can no longer deduct (aka subtract) r&d expenses from revenue. for software or product development costs, you now have to capitalize (aka spread them out) over 5 years if they’re domestic, and over 15 years if they’re foreign (aka offshore). because of something called...
Text LinkBlog
By Neo.Tax Team So you’re a startup and believe the best way to get the help you need to build your company is with independent contractors... hmmm, interesting. It’s your company, so we’re not here to tell you how to run it, just that you’re missing out on up...
Text LinkBlog
By Neo.Tax Team 5 min read Stephen Yarbrough is the epitome of a founder who is walking the walk. And if you’re asking, can he talk the talk? Stephen is a veteran of The Big 4 and the IRS… enough said. Despite his resume, what really stands out...
Text LinkEducation Series
By Neo.Tax Team 5 min read What's holding you back from filing for R&D Tax Credits? With all the misconceptions around research and development tax credits, it’s no wonder that most small to mid-sized business owners don’t file–and it definitely doesn’t help how complicated it seems the IRS...
Text LinkBlog
By Neo.Tax Team 5 min read A recent study from the U.S. Department of the Treasury, the Minneapolis Federal Reserve, and Dartmouth College found the IRS can automate between 62 million and 73 million tax returns–which represents over 45% of US taxpayers who would be eligible for auto-filing. A survey...
Text LinkBlog
By Stephen Yarbrough, Polk Advisors 5 min read As the legislative session gets later into the year, time is running out for Congress to reverse course on the capitalization of R&D that will go into effect in 2023… and just when you thought you were getting ahead on your...
Text LinkIndustry News
By Neo.Tax Team 2 min read TEAM MANAGEMENT Collaborate with your team Invite and manage team members so you can securely scale your R&D business. Add team members to your firm quickly See all credits created by your team members automatically Remove access when someone leaves your...
Text LinkProduct
As a startup, there are countless lessons we’ve learned. In a sea of missteps and failures, the Neo.Tax team has grown. Making it even more exciting when we can pass some of what we’ve learned to those who might need a few tips and tricks. As many stories now...
Text LinkEducation Series
Indiana Lawmaker Spearheads R&D Tax Credit Increase By Neo.Tax Team 2 minute read With backing from the National Association of Manufacturers, GOP Representative Jackie Walorski of Indiana put forward an amendment to the tax code that could mean serious increases in research and development tax credits for businesses. ...
Text LinkIndustry News
Are You Still On The Fence About Which R&D Tax Credit Software To Use? So you’re thinking about the R&D Tax Credit, but some unsavory news about issues with R&D firms has you asking yourself if the service is even worth your time? Have no fear! We’re here to...
Text LinkEducation Series
By Neo.Tax Team 5 min read With each update, preparing your R&D credit is faster and easier. DASHBOARD Introducing the Accountant Dashboard The new centralized hub allows you to view, manage and grow your R&D business. See everything you need to stay on top of R&D...
Text LinkProduct
And just like that, AICPA & CIMA Engage22 is over… Luckily, this time around what happened in Vegas isn’t staying in Vegas. We’re giving you a quick recap of what you need to know from the week’s festivities. Engage22 delivers once again Amongst a sea of interesting discussion panels and...
Text LinkIndustry News
by Taylor Schaude 5 min read “Disrupt” was the tech buzzword most associated with the 2010s. It neatly paired with the prevailing ideology of that era: the old, clunky incumbents were rusting over and a whole new wave of industry, powered by 1s and 0s, had arrived...
Text LinkEducation Series
How to File Your Form 8974 with Rippling Summary: The IRS requires that you file Form 8974 the quarter after you file your income tax return with Form 6765 attached. Rippling will help you generate Form 8974 and file it on your behalf. Some of the information below is sourced...
Text LinkEducation Series
How to File Your Form 8974 with Justworks Summary: The IRS requires that you file Form 8974 the quarter after you file your income tax return with Form 6765 attached. Some of the information below is sourced from Justworks and may not reflect their latest changes. Steps: First, file your...
Text LinkEducation Series
How to File Your Form 8974 with Sequoia One Summary: The IRS requires that you file Form 8974 the quarter after you file your income tax return with Form 6765 attached. If you miss the filing deadline, you will need to amend that quarter’s payroll tax return. If you’re...
Text LinkEducation Series
How to File Your Form 8974 and Form 941 with QuickBooks Summary: The IRS requires that you file Form 8974 the quarter after you file your income tax return with Form 6765 attached. If you miss the filing deadline, you will need to amend that quarter’s payroll tax return. Quickbooks...
Text LinkEducation Series
How to File Your Form 8974 with ADP Run Summary: The IRS requires that you file Form 8974 the quarter after you file your income tax return with Form 6765 attached. If you miss the filing deadline, you will need to amend that quarter’s payroll tax return. ADP requires you...
Text LinkEducation Series
.png)
.png)
.png)
%20%E2%80%94%20Here%27s%20What%20You%20Need%20To%20Know%20(1).png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
%20(1).png)
.png)