neo.tax
Neo.Tax provides a software solution that automates the process of claiming R&D tax credits by leveraging AI to connect with various data sources, including GitHub, Jira, and payroll systems. This technology ensures compliance with R&D Capitalization regulations and generates audit-ready documentation.
- Category: Tax
- Location: Mountain View, California, United States
- Founded: 2019-10-01
- Total funding: 13000000
- Website: https://neo.tax
Product & Features
- Neo.Tax computes R&D tax credits using the Regular and Alternative Simplified methods tailored for startups and established companies.
- Startups can receive approximately 10% credit on qualified R&D wages and up to 14% in later years.
- The platform allows qualified small businesses to claim R&D credits against payroll taxes, enhancing cash flow.
- Companies can include costs of leased cloud computing resources for R&D credit eligibility, excluding software expenses.
- Claiming the R&D tax credit does not increase the likelihood of an audit for companies.
- Neo.Tax simplifies the credit claiming process, ensuring compliance with IRS definitions and requirements for qualified businesses.
Notable Customers
- Adobe
- Block
- Capital One
- SoFi
- Thomson Reuters
- Mercury
- Notion
- Whoop
- Modern Treasury
- Zapier
- Xero
- Red Ventures
Founders & Team
- Firas Abuzaid — Co-Founder & CTO
- Ahmad Ibrahim — Co-Founder & CEO
Funding Rounds
- Series A — $10M (2022-02)
- Seed — $3M (2020-06)
Recent News
- Surviving Tax Apocalypse: Strategies for Navigating the R&D Capitalization (§174) Changes (2023-05)
- R&D Tax Credits and Capitalization: An Intro for Accountants and Advisors (2023-04)
Investors
- Acrew Capital
- Dash Fund
- Fin Venture Capital
- Floodgate
- Google Ventures
- Infinity Ventures
- Liquid 2 Ventures
- Lux Capital
- SV Angel
- Uncork Capital
Integration partners
Similar Companies
Frequently Asked Questions
What is neo.tax?
Neo.Tax provides a software solution that automates the process of claiming R&D tax credits by leveraging AI to connect with various data sources, including GitHub, Jira, and payroll systems. This technology ensures compliance with R&D Capitalization regulations and generates audit-ready…
What does neo.tax do?
Neo.Tax computes R&D tax credits using the Regular and Alternative Simplified methods tailored for startups and established companies. Startups can receive approximately 10% credit on qualified R&D wages and up to 14% in later years. The platform allows qualified small businesses to claim R&D credits against payroll taxes, enhancing cash flow.
Who are neo.tax's customers?
neo.tax's customers include Adobe, Block, Capital One, SoFi, Thomson Reuters, Mercury.
Who founded neo.tax?
neo.tax was founded by Firas Abuzaid and Ahmad Ibrahim.
How much funding has neo.tax raised?
neo.tax has raised 13000000 across 2 funding rounds.
Who are neo.tax's investors?
neo.tax's investors include Acrew Capital, Dash Fund, Fin Venture Capital, Floodgate, Google Ventures.