Neo.Tax R&D Tax Credit

We are here to make preparing your R&D tax credit, well, less taxing

Quick eligibility check

Built-in integrations

Simplified questions

Get up to $250k with the R&D tax credit

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Benefits of using Neo.Tax to prepare your R&D Tax Credit

Accurate

No Compromise — Don’t compromise accuracy for speed — enjoy the best of both
Speed — using AI and ML we have automated the mundane processes involved with preparing your R&D tax credit
Accuracy — every claim, whether you DIY or are guided by our team, is reviewed by our tax experts before finalizing your forms

Cost-Effective

No Upfront Commitment — You won’t pay anything until you receive everything you need to file
No Hidden Charges — Fee includes all required forms as well as your personalized R&D study
Flexible Payment Options — Pay all at once (for a discount) or spread over 12 months

Easy

Quick — Complete the process in as little as 30 minutes
Integrations — with our payroll and accounting software integrations you can quickly link your accounts then assign qualifying expenses
Personalized Study — answer a few questions about your business to help us create your personalized study

R&D Tax Credit FAQs

What is the R&D Tax Credit?

Enacted in 1981 to encourage research and development (R&D) activities in the United States, the R&D tax credit reduces tax liability for organizations that perform certain activities to develop new or improved products, processes, software, techniques, formulas or inventions.

You can get about 10% back on qualifying expenses such as wages, contractor costs, cloud hosting and infrastructure, supplies, and legal costs.

How do I know if I qualify?

Because of the broad definition for qualified activities, businesses from almost every industry have claimed R&D tax credits. If you have employees or contractors in the United States who spend any time developing new or improved products, processes, software, algorithms, formulas, or inventions, then you likely qualify for the R&D tax credit.

Check if you are eligible

But my startup isn't profitable...

Even if your company does not owe any income taxes, you can claim the R&D tax credit to reduce your payroll taxes, as long as your business earned less than $5 million in revenue in the credit year, and did not earn any revenue or interest income in any year preceding the 5 year period ending with the credit year.

How soon can I start getting money back?

The payroll-tax offset is currently available for qualified expenses incurred during the prior tax year. The R&D credit must be calculated and shown on a taxpayer’s federal income tax return with the portion of the credit applied to offset payroll taxes identified and elected when the original tax return is filed.
The offset is then available on a quarterly basis beginning in the first calendar quarter after a taxpayer files their federal income tax return.

How much does Neo.Tax charge?

Our fee is 2% of total qualifying R&D expenses we find and claim for you.

This is roughly 20% of the total tax credit you receive. Why do we charge based on your expenses and not your credit?  According to the IRS, a fee based on inputs (your qualifying expenses) is ok, but a fee based on outcome (your credit amount) is dangerously close to a “contingent fee” which is expressly disallowed by IRS regulations.

  • No upfront commitment. You won’t pay anything until you receive everything you need to file
  • Fee includes all required forms as well as your personalized R&D study.
  • We offer flexible payment options where you can pay all at once (and receive a discount) or spread out over 12 months.