January 2026 product update
This month’s exciting releases: Project Approval Tracking for ASC 350-40, real-time provision for US R&D, and smarter AI that means even less to review manually.
Customer story: Red Ventures
“Neo.Tax can cut your workload at least in half.” — Chase Pierce, Senior Tax Accountant at Red Ventures. Read the full story →
ASC 350-40
1. Project Approval Tracking + Comments
Managers can now formally approve projects by period with optional comments—creating the traceable, timestamped evidence your accounting team needs for audit controls.
Approvals auto-reset when key fields change (capitalization dates, status), so your documentation always reflects the current state. Details here
2. Smarter Detection of Operational & Maintenance Work
Enhanced AI more accurately identifies maintenance and ops work—catching projects that look like feature development but are actually access provisioning or support.
3. Custom Field Support for Capitalization
Map them directly to NeoTax—no process change required. AI guidance still runs in the background to catch mismatches.
4. Early Sync for Faster Book Close
Sync data before month-end and any tickets started or completed after your sync automatically roll into the next period.
R&D Credit
1. Real-Time Credit Forecasting for Provision
Update credit estimates monthly as the year progresses—no more relying on stale prior-year numbers. Existing project data carries forward while new activity syncs incrementally.
2. Smarter R&D Eligibility Determinations → Faster Review
Enhanced AI model now makes more definitive qualified purpose calls, significantly reducing manual review for Tax and R&D teams.
3. See Projects the Way Your R&D Team Thinks
Projects now show all the Jira Epics and Linear Projects underneath. Filter, group, and move entire Epics at once—faster review, audit-ready reports that map to how engineering actually tracks work.
4. Streamlined Payroll CSV Upload with Multi-State Support
New guided upload with built-in validation catches formatting errors upfront.
Supports employees with multiple state assignments, job titles, or wage types in a single file.
Platform Enhancements
1. Simplified Navigation—Pick Your Product, Then Your Period
Select ASC 350 or R&D first, then see only the relevant pages and periods for that workflow. Less clutter, fewer clicks
2. Faster, More Reliable Data Syncs
Ongoing improvements to ticket syncing: faster processing, better handling of edge cases, and fewer failed syncs across Jira and other integrations.
Questions about any of these updates? Reply to this email or email customer success for a personalized walkthrough.