August 2025 product update
Your R&D credit process is about to get a lot easier! We’ve shipped bulk editing, performance improvements, and streamlined imports. Plus, see how Modern Treasury eliminated their painful engineering interviews entirely.
Top Time-Saving Improvements
⚡ Faster Load Times: Cost/Wages pages now load in ~1 second (even with 1000+ projects/people)
✏️ Bulk Edit Everything: Set R&D % and capitalization % for multiple expenses at once
🔗 Smart JIRA File Import: Auto-map columns, fix formatting issues, and resolve missing data in one click
📁 Timesheets Support: Upload timesheets data to calculate R&D allocation.
Customer story: Modern Treasury
Modern Treasury controller Jen Yahiku and her team streamlined the R&D credit process using Neo.Tax, eliminating painful Engineering interviews and improving audit-readiness: “With Neo.Tax, there’s much more detail to substantiate it.” Read more here.
R&D Credit
1. Set R&D % in Bulk - One-click to set target R&D percentage for multiple expenses. System automatically distributes percentage across qualified R&D business components based on the proportion of qualified employee expenses.
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2. Timesheets (Beta) - Upload Timesheets/Timetracking to calculate R&D expenses. Combine with unstructured documents to qualify R&D projects. Tailored for Manufacturing Industry.
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3. Streamlined JIRA File import & Validation - Visual column mapping with easy review process. Autofixes data formatting issues. Clear identification of missing data for quick correction.
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- Find missing R&D contributors - R&D report now shows every person with project allocation, before and after uploading payroll. Easy to find and address unmatched employees or contractors & maximize R&D $.
ASC 350-40:
1. Set Capitalized % in Bulk - Set Target Capitalized % for senior employees, or product/design. System smartly applies proportionally to capitalized projects, by month proportional to the rest of the team.
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2. Engineering-Friendly Excel Export - Non-financial Engineering leads can now download ASC exports with $ hidden, enabling engineering leads to review projects and allocations directly in Excel.
Platform Enhancements:
1. Faster Loading - Wages/Cost pages now load in 1-2 seconds even for companies with thousands of projects and employees.
2. Assign Project Owners for faster Engineering review - Track who is responsible for reviewing projects. Coordinate across teams and departments.
3. ISO/IEC 27001 Certification- We’re now ISO/IEC 27001 certified – the leading international standard for information security management.