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…
How to File Your Form 8974 with Gusto Summary: The IRS requires that you file Form 8974 the quarter after you file your income tax return with Form 6765 attached. Gusto requires an accountant’s assistance to set up Form 8974. Gusto requires that you submit the necessary information by the...
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How to File Your Form 8974 and Form 941 with Zenefits 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. Zenefits...
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How to File Your Form 8974 with TriNet Summary: The IRS requires that you file Form 8974 the quarter after you file your income tax return with Form 6765 attached. You must submit Form 8974 to TriNet within 2 months of the quarter’s close in which your Form 6765 was...
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What happens after you file your R&D Tax Credit? If you’re wondering when you’re going to receive your R&D Tax Credit, the short answer is: it’s all down to when you, or your accountant, filed your income taxes and Form 6765. As we all know, dealing with the IRS...
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How to File Your Form 8974 with ADP Total Source 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...
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Tax Day has passed, and you decided to file an extension. The first thing to know is: you’re not alone. As Matt Metras, a tax specialist at MDM Financial Services told CNBC: “I’m filing more extensions than I ever have in my entire career this year.” But now that you’ve...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Early stage start-up founders need to evaluate a multitude of options when deciding how to fuel their growth. While venture capital is the typical route founders take, fundraising through this way is often time consuming and expensive from an equity and company control perspective. Typically, the alternative then is to...
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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...
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There are scores of things that humans can still do better than computers. But mechanical computers were specifically built to crunch numbers and they’ve only widened the gap on humans in the almost hundred years since. These machines, at their core, are created to demolish problem-sets of rules and numbers....
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At this historic and destabilizing moment, the need to save money and extend runway is more important than ever for startups. At neo.tax, we’ve built a tax tool that can instantly begin helping you weather the storm. Our automated service completes the R&D tax credit in minutes, saving startups up...
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Founders are driven to create the future, to disrupt a broken system, or to make something new out of whole cloth. It’s not surprising then that for most of them, tax season — with its archaic rules and tedious paperwork — is the worst part of the year. Luckily, we...
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What is the R&D Tax Credit? The research and development (R&D) tax credit is tax legislation passed to incentivize American companies to invest in innovation.More than $12 billion worth of R&D tax credits were claimed in 2014, but a significant portion 0of that money went to Fortune 500 companies. Congress...
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At Neo.Tax, we believe in the power of well-designed tech-powered tools to streamline the life of a founder. Our R&D Tax Credit solution was built with the belief that disruptive companies deserve the chance to be innovative (and deserve the thousands of dollars they’re owed). People don’t build startups to…
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Overview of the credit R&D credit eligibility is much easier to qualify for than many startups may think. It can apply to product development, as well as to general operations such as new product development processes, software development, and other related quality improvement activities. Your organization could be eligible for...
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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...
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