All posts · page 10
How to File a Tax Extension for Your Business
Tax Day is April 18, 2022! It’s fast approaching and you’re realizing you’re not going to be able to file in time. So, what are your options? And will it still be possible to claim your R&D tax credit? The R&D Tax Credit Looking like you can’t make the...
Debunking Tax Code Myths
Everyone has advice for startup founders during tax season; here are some facts vs. fiction of the R&D tax credit. You’re feeling unsure if you should be studying up on tax credits. Tax season is always overflowing with things to do, and you’ve had friends, fractional CFOs, and others...
Which States Offer the R&D Tax Credit
Learn about the State R&D Tax Credit, which States offer it, and if your Startup qualifies. We first built Neo.Tax because we saw that far too many innovative startups were failing to claim the money they were owed via the Federal R&D Tax Credit. Today, we’re excited to announce...
Status on R&D Capitalization Rules
Status on R&D Capitalization Rules - Keeping it brief. What? Potential changes to the R&D Capitalization rules When? Wednesday, March 9, 2022 What should I know? The 2700+ page omnibus bill just dropped in Congress last night, March 8, and must be voted on before Friday, March 11...
Key 2022 Filing Dates to be Aware of
Don’t miss out on tax refunds because you missed a deadline. Did you know that if your accountant files your 2021 tax return, with your prepared R&D tax Credit, by the March 31, 2022 cut off date you could see a 6% drop in your total payroll cost starting April...
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...
CPE Course: What Are R&D Tax Credits?
Learn all about R&D tax credits and how you can save your clients money in this insightful webinar course What Are R&D Tax Credits: An Intro For Accountants & Advisors presented by CPA Academy and hosted by Stephen Yarbrough, co-founder and Chief Tax Officer of Neo.Tax. Take this free...
IRS Gives New Guidance on R&D Tax Credit
IRS Gives New Guidance on R&D Tax Credit Last September, in an effort to keep companies from retroactively claiming questionable expenses under the IRS R&D Tax Credit, the IRS Office of Chief Counsel issued a memo with new requirements for backing up claims. The new guidance required a much...
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...
A 1981 Tax Law means AWS Costs are a Tax Credit
When Ronald Reagan signed the Economic Recovery Tax Act of 1981 into law, businesses quickly jumped to take advantage of the new tax break that let them lease or rent computers. At the time, computers were prohibitively expensive, which made them impossible to own for all but the largest corporations...
"Audit Protection" is Not What it Seems
The prospect of “audit protection” is enticing for customers but, in reality, it’s actually a costly trap. Our Co-Founder and Chief Tax Officer Stephen Yarbrough spent seven years auditing R&D Tax Credits at the IRS. He explains why we decided not to offer “audit protection” at neo.tax: It’s not surprising...