July 2025 product update

Your R&D credit and financial close just got faster.

We’ve shipped major updates that will speed up your R&D credit and ASC 350-40 process while strengthening your audit position.

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Automate Capitalization - Our new tool identifies capitalizable projects and pinpoints project milestones for you, automatically. Auditor-ready support for every single project, without waiting for engineering.

Full breakdown here →

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Github Integration - Connect your repositories to automatically identify qualifying R&D projects and ASC 350-40 capitalized software development—no manual tracking needed.

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Expanded privacy and role-based access controls - Anonymize employee names and salaries to meet internal compliance requirements while maintaining full visibility into tax credit inputs.

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Monthly Syncing and Reporting - Close on a monthly basis and report on any period - YTD, QTD, half, or full year.

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Audit Ready Reporting - Automatically calculate amount of Capitalized Salary and Stock-based Compensation at the project level for faster journal entries.

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Faster Syncing → Faster Close - Projects and allocations are now ready by the 2nd of the month, even for enterprise companies with 100K+ tickets. Our new sync process means you can actually close books on schedule.

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Product-Project Mapping - Have an existing high-level product list you want to use? Upload your list, then NeoTax will automatically map to the granular projects.

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And more:

• Clearer error messaging when uploading incorrect template or missing required columns
• Improved automated company descriptions for R&D narratives
• Added R&D qualification AI reasoning to the R&D report
• Better Project descriptions when combining projects

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