# July 2025 product update

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

**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](https://d1k8ss04.na1.hubspotlinksstarter.com/Ctc/GF+113/d1K8SS04/VWVtWX5VQf6rW3FBbfX7z3xl4W842MfZ5znQjqMfRflT3m2nnW95jsWP6lZ3nSMjsWdr8Rsv9N4qHps-Kp6xnW9dk4v91gQRmgW1lgk7p3ljTwmN3f_31Dmgc5kW3-B9zW6NrJLSN67C_3s8SBcQW4Rjn541z5GbCW8d9vHH1FL51VW8wvsGr3BydVVW8XS_xc8gHny4W3t5z1h3knTrNW2fXFJp7TV0SrW4XRX3-41jg6GW9d-_M756JY1pW5CPpMm1VbdKxVLYtJX57_sk-N852GR4khtNdW1Kmtmy3H29gqW7HkSNN9gY06wW6CVFMq6Rq39cW4NcBj_2wtZcmW59M-wV7kSwp-W5dnWtP81N2HkW3-yCQS38R1pVW74bYkD2b-1_rW4L9qjV192TjXW8kDhXG2vp7KwW6DVLzW7kPdTMW796gJT9hJbWKf1ld7SK04) →

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![Screenshot from July 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_NZTfRSJ5Siwv8Njt3YdES8MQYOmRfalpjV7r8SUTx_XI79BprM67OE7NdF_LAuZ6E0QczfsCgMlsi28Zw99P_s7gPERH99m3vQq6d8SoXmcdj5Icw9KHgtSf6HwpLWiv52d7rv_caY1ykZ7eHrHldaoYCPaxXvSk8CnqA0Gy8tCg1j5MK8oOBHssmLejX0q5fs44FPqaZBvTWQdcmzCRWZhmh83v9TWWsqlbxgle7ZUvuPRxNhZ4OY=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/Automated%20Capitalization%20(2).png?width=520&upscale=true&name=Automated%20Capitalization%20(2).png)

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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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![Screenshot from July 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_NaIHAxf-bq-FBkMeJ7xlxT7i4a2F-EFGoW9VjsMYexvDzS2x6IqRnr0W6qQVfyf1HEDrQJD0GZsjGWrfMCRA1TPyaDxlopK_dBhbYDODMFXZY4xCCnBC0lVf5OMaaXrplalOj8ieHpwHRWVs6dADkmoQEW2qK0limhZZG2Mx5Gs2SuFGle9Gk9xlmQvHX46qRyYCpdyG4kPkteGBUdSvTjJUn55Y5InrsuygS0=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/GitHub%20Integration%20(3).png?width=520&upscale=true&name=GitHub%20Integration%20(3).png)

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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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![Screenshot from July 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_Nb6H41YhkDKtx6z2OX-gZf-kIpi8J33sRbhAiDAU7pppiAOYdu4ZuK0EhTOG4goAK2_--yu-js_DZdakcuBWsSpG7R0aUR02nZ5nU0SWOd_OnLyzlwoA1i70TUQkFMSoJO-MooGlkKG25HYUbPdgaKKnqBPG6hfSRYQ7wUGl1cq6Sk4wdp5fXQBy60wOUDVdYMuNsP9=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/Anonymize%20(1).png?width=520&upscale=true&name=Anonymize%20(1).png)

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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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![Screenshot from July 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_NYiXBlQqM7iMRvKxNokkPr7lwryEWyh0mkMqwHQF-5ffS8EnFprPCqhlShxhruYBsce76UG0RNgSNoWcv1ELV7e1O8IPecqGPztLjLJEYUIW3_1_On-s8sCUY1Ma7PXNaO7RN0TUJQVfkMgPkqS_cdHATeadW4T5qpPEM9QvG7imQaQly7qiOdkQ719vDwqb2-sSnnKEW_mGjNPg2-MLhMPuR_l6NeXwZyaeVdP-qBUr3lMKktDx8eJoppcBkJvwOcqEb3-W3pf8BY=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/Monthly%20Syncing%20%26%20Reporting%20(1).png?width=520&upscale=true&name=Monthly%20Syncing%20%26%20Reporting%20(1).png)

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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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![Screenshot from July 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_Nb2fxhzxfl_3rTqwTgA9-gwmPtf5hTpcBHgXZhad3YJETAvXl8QEOtRcXkYyAqaMFB_x4RagiZyy6DE8cHAYGk1XJCP87Tk5XhmKsFk4maSjNQFHVXCsz0azUKXrITD0JAQ8xeyWNKnrLTH43DCTQV2fsX8aL63vqWM1MLmms6b_UrW35CKWDQR7CtneSDc-4P7mZGJUBOQOkT3Ewfs1LHlUVGvKi-cpV1yYsWrtk4D_lD0l32dpA91lmNCbDs3DrITvQRpDR6yAlM_Sfk1Ro7a7cieDAB6fqYiSZaMdvp0aH1gmosv=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/C%20Driver%20%26%20C%2B%2B%20Driver%20Enhancement%20(1).png?width=520&upscale=true&name=C%20Driver%20%26%20C%2B%2B%20Driver%20Enhancement%20(1).png)

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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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