Neo.Tax
AI-Powered R&D Tax Credits & Software Capitalization
Description
Neo.Tax provides an AI-driven platform designed for tax and accounting teams to streamline complex financial processes. It focuses on automating the generation of R&D tax credit (§41) studies and software capitalization reports, significantly reducing the time required from months to days. The system leverages passive data collection by integrating directly with engineering tools and systems, eliminating the need for time-consuming interviews and surveys typically associated with these tasks. This approach utilizes contemporaneous documentation, aligning with IRS gold standards for audit readiness.
The platform's AI is specifically built to handle messy and incomplete data often found in real-world engineering environments. Neo.Tax emphasizes transparency, providing fully traceable outputs down to the hour, ensuring that users understand how conclusions are reached and can confidently present the findings during audits. By unifying R&D tax credit and software capitalization workflows, Neo.Tax helps businesses optimize tax compliance and financial reporting, saving time and improving accuracy while maintaining high standards of data security.
Key Features
- AI-Powered R&D Tax Credit (§41) Study Generation: Automates the creation of audit-ready tax credit documentation.
- Automated Software Capitalization: Integrates with engineering tools for real-time capitalization reporting.
- Messy Data Handling AI: Processes incomplete and unstructured engineering data effectively.
- Transparent & Traceable Outputs: Provides clear visibility into how results are derived, ensuring audit readiness.
- Engineering Tool Integration: Connects with development systems to leverage existing data.
- Contemporaneous Documentation: Uses real-time data, eliminating retroactive surveys and interviews.
- Unified Workflow: Combines R&D tax credit and software capitalization processes.
- Enhanced Data Security: Features dedicated cloud options and robust security protocols.
Use Cases
- Automating IRS Section 41 R&D tax credit claims.
- Streamlining software development cost capitalization for financial reporting.
- Reducing time and manual effort spent on tax compliance data collection.
- Improving the accuracy and audit defensibility of R&D tax credits.
- Generating contemporaneous documentation for tax purposes.
- Replacing manual surveys and interviews for R&D reporting.
