Product & Company Updates
How Neo.Tax’s AI Solution Solves FIN 48
What was once was the province of quarterly guestimations can now be understood with a level of detail never before possible at scale.
Cracking the Code on Software Capitalization
Software capitalization under ASC 350-40 presents a complex compliance challenge for even the most sophisticated software companies. So, we decided to approach capitalization as a data-driven machine learning problem. Here’s how we did it.
Your Data, Your Environment: Customization and Security with Neo.Tax’s Dedicated Cloud
At Neo.Tax, we understand that data security is table stakes in the tax world, so we offer a Dedicated Cloud: a single-tenant hosting environment that customers can opt for if they want a truly air-gapped, physically segregated instance of the Neo.Tax application.
How Neo.Tax's AI Understands Ticketing Data
While many AI-powered companies like to sell the magic of their products, our view is the opposite: tax is too high-stakes for faith; we need to show you exactly how our AI models work.
How Neo.Tax Solved the R&D Qualification Process
The old way of filing R&D credits is an inexact (and expensive) science. Neo.Tax’s AI-powered system uses data that exists within your system, but that no tax team (or even accounting firm) could ever sort and digest in time for Tax Day.
One Less To-Do: Neo.Tax Automated Capitalization Milestones
One of the most tedious and frustrating parts of the software capitalization process is identifying the projects to capitalize and the capitalization milestones. Neo.Tax's Automated Capitalization tool just solved the problem!
How Neo.Tax Safeguards Your Sensitive Data
Data is the lifeblood of innovative companies. You spend massive resources to protect it. But a security system is only as strong as its weakest link. We understand that. That’s why we’ve taken every step possible to use industry-leading protections at every level of Neo.Tax.
How Neo.Tax’s AI will save controllers and engineers hundreds of hours this coming tax season
One of the big challenges faced by a controller or a head of tax during tax season is creating and then interpreting an accurate snapshot of all the work completed at a company during a given year. Neo.Tax’s AI solution connects directly with a company’s existing internal task-level data sources to create an accurate, exhaustive, and audit-proof IRC Section 41 filing.
Neo.Tax’s Large-Language Model (LLM) will change the future of R&D Taxes
Every innovative enterprise company has to sort through mountains of data and conduct time-consuming interviews with engineers to file their IRC Section 41 R&D Tax Credit. At Neo.Tax, our team of machine-learning experts, AI engineers, and tax experts dove into creating an LLM specifically fluent in R&D Tax-related inputs. "People have been waiting for a breakthrough application of AI for business,” Neo.Tax co-founder and CTO Firas Abuzaid says. “This LLM use-case for the R&D credit demonstrates how powerful AI can be when thoughtfully designed to solve a rote, time-consuming, and repetitive task.”
Case Study and Free Library: How Our Design Team Solved for Tailwind-Figma Compatibility
At Neo.Tax, we take UX and graphic design seriously. And as our engineers switched to Tailwind UI, we realized we had a problem: it wasn't compatible with Figma, which we used for design. So, our design team set off to build a custom solution. Here's how they cracked the code — and here's how you can use their learnings and free library to supercharge your own designs.
Neo.Tax is SOC 2 Compliant!
“We are thrilled that Neo.Tax has successfully obtained SOC2, Type II compliance. This achievement is a testament to our unwavering commitment to data security and privacy,” Neo.Tax Co-Founder and CTO Firas Abuzaid says. “Our customers can and should have the utmost confidence in the protection of their sensitive information when they use Neo.Tax, and we will continue to prioritize their trust and maintain the highest standards of security going forward.”
How Much Can My Company Claim Via The R&D Tax Credit?
How much is an R&D credit really worth to your business? Here are four examples based on real companies to give you a better sense of the massive value of filing for the credit with Neo.Tax.
A Simple Guide to R&D Capitalization
Even though R&D Capitalization was passed into law back in 2017, almost everyone expected the massive tax law change to be repealed before it ever took effect. But for the last year-plus, we’ve been preparing for the possibility — which has become a reality — that R&D Capitalization is here to stay (at least for now). So, without further ado, Neo.Tax presents: A Simple Guide to R&D Capitalization…
Neo.Tax & Bench Team up to Deliver a 360° Tax Solution
Extending runway has never been more important than at this precarious financial moment. And changes to the tax code that just went into place mean that tax strategy will be the difference between massive bills and valuable credits this April. Good accounting is an essential part of building a valuable innovative business. Neo.Tax x Bench can make it effortless for you!
Neo.Tax Named Top FinTech Product in the 2023 Product Awards!
Neo.Tax was selected by Products That Count, Mighty Capital, and Capgemini as one of the Best Products for Product Managers!
Neo.Tax Launches ‘Neo.Tax 2023’
Neo.Tax, an early leader in simplifying and automating taxes for startups and businesses, today announced the launch of Neo.Tax 2023, a new software update to its signature platform. Specifically designed to address this year’s new federal tax codes, the platform will help to ensure that businesses not only remain in compliance but are able to maximize R&D deductions and optimize their tax strategy.
Introducing The Neo.Tax CFO Advisory Board
Neo.Tax’s mission is to use tax to turn finance into a strategic lever for growing companies. In our experience, the savviest finance leaders appreciate the novelty of our approach. That’s why we’re so excited to announce the launch of our Neo.Tax CFO Advisory Council! The best tools are a symbiosis of great minds and great technology; so, we’re putting together an Avengers-level tax brain trust over at Neo.Tax…
Neo.Tax Announces a Partnership with Bench
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...
What's New in July
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...
What's New In June
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...
Neo.Tax is Selected for GGV's SMBTech 50 List!
This morning, the global venture capital firm GGV Capital announced their inaugural SMBTech 50, the first list to highlight innovative and growing startups that focus on serving small-and-medium-sized businesses (SMBs). We’re excited to share that Neo.Tax made the list and is the only tax startup included! GGV Capital researched...
New Neo.Tax Integrations Available
Neo.Tax has expanded our payroll and accounting software integrations! The Neo.Tax team is dedicated to continuously improving and simplifying our product offerings. A key component of automating taxes is integrating a company’s data into our product so that all you have to do is sign into your accounts and...
Neo.Tax Announces Partnership with Mercury
Neo.Tax and Mercury partner to offer an automated solution to the R&D tax credit to Mercury’s customers The most common question we get at Neo.Tax is: "What's the catch?" It might be difficult to believe that tens (or hundreds) of thousands of dollars of non-dilutive capital is waiting for founders...
Neo.Tax raises $10M and partners with Mercury
Neo.Tax raises $10M and partners with Mercury to modernize tax credits and taxes for startups and accountants Series A funding accelerates small business and accountant access to R&D tax credits Mountain View, Calif., Feb. 10, 2022 - Neo.Tax, a startup and early leader in simplifying and automating taxes...
Building a Brighter Future with Our Partners
Neo.tax is the best service to claim your growing company's R&D tax credit, quickly and efficiently. Our software streamlines a lot — and will continue to simplify more and more for your startup’s tax season — but we can't do everything. So, we’ve partnered with some of our favorite software...
Neo.Tax and Mercury partner to offer an automated solution to the R&D tax credit to Mercury’s customers
The most common question we get at Neo.Tax is: "What's the catch?" It might be difficult to believe that tens (or hundreds) of thousands of dollars of non-dilutive capital is waiting for founders who file for the R&D tax credit. But there is no catch. Neo.Tax was built to simplify...