Neo.Tax

Automates R&D tax credit claims for businesses using AI to identify eligible activities.

by Neo.Tax ยท Tax Compliance

Executive Summary

Neo.Tax is an AI-powered software solution designed to automate and simplify the process of claiming R&D tax credits for businesses. It leverages artificial intelligence to identify eligible research and development activities, calculate associated expenditures, and generate all necessary documentation required for compliance with tax regulations. The platform provides a 360-degree view of R&D expenditures by integrating with existing business systems like payroll and project management tools. Its AI model scans and interprets data from sources such as ticketing systems (e.g., JIRA, Linear) to accurately discern R&D-related work and calculate engineering team time spent on qualifying activities. This automation significantly reduces the manual effort and complexity typically involved in R&D tax credit claims. Neo.Tax supports both current year claims and multi-year lookback credits, ensuring businesses can maximize their tax benefits. By streamlining data collection, analysis, and documentation generation, Neo.Tax helps companies ensure accuracy, consistency, and compliance, making the R&D tax credit process accessible and efficient for startups to enterprises.

Use Cases

  • Automating the identification and calculation of eligible R&D activities for tax credit claims.
  • Generating compliant documentation for current year R&D tax credit filings.
  • Amending past tax returns to claim multi-year lookback R&D tax credits.
  • Calculating engineering team's time spent on R&D from existing project management systems.
  • Gaining a comprehensive, 360-degree view of R&D expenditures for financial planning and compliance.

Features

Visibility

  • 360-Degree R&D Expenditure View: Provides a comprehensive overview of all R&D related costs and activities through a centralized interface.

Intelligence

  • AI-Powered Activity Identification: Automatically identifies eligible R&D activities from unstructured data in project management and ticketing systems.
  • Automated Time Tracking Calculation: Calculates engineering team's R&D time with accuracy and consistency using data from existing systems.

Technical Specifications

Deployment
SaaS
Authentication
OIDC, SSO
API Available
Yes

Integrations

  • Workday
  • JIRA
  • Linear
  • Mercury

Security & Compliance

Certifications: SOC 2 Type II, ISO 27001:2022

Encryption: Data is encrypted both in transit and at rest.

Pricing

Starting Price
Contact sales
Target Customer
SMB,Mid-Market,Enterprise