Neo.Tax
Neo.Tax is building the easiest and most accurate tax filing and automation software. Our first product simplifies the complex process of applying for the R&D tax credit, putting up to $250,000 back into each company's pocket that is working on qualifying research and development activities. The first step towards turning a small business’ taxes into a modern advantage.
Company Overview
Neo.Tax is a small business founded in 2019, located in Mountain View, California. The company operates within the Software Development industry and has a team size of 30 employees. Neo.Tax specializes in optimizing tax strategies for small businesses, particularly focusing on unprofitable startups affected by new tax regulations. The company aims to turn tax obligations into advantages through automation and optimization.
Services Offered
Neo.Tax provides a range of specialized services aimed at helping startups and small businesses navigate complex tax regulations. The company offers automation of the R&D tax credit process using artificial intelligence, ensuring a more efficient and accurate filing experience. Additionally, Neo.Tax provides a 360° tax solution in partnership with Bench, along with scenario planning to optimize tax outcomes from R&D activities. Their platform integrates seamlessly with existing accounting software, simplifying tax management for clients.
Specialties
Neo.Tax has several areas of specialization, including Research and Development (R&D), accounting, tax, venture capital, tax credits, finance, and artificial intelligence. The company focuses on providing solutions tailored to small businesses and startups, particularly in relation to R&D tax credits and compliance with new tax regulations. Neo.Tax also emphasizes the importance of CPA and accountant collaboration in optimizing tax strategies for their clients.
Product Development
Neo.Tax has developed a product specifically designed to simplify the application process for the R&D tax credit, potentially returning up to $250,000 to qualifying companies. The platform automates the R&D tax credit process and utilizes a Large-Language Model (LLM) to enhance accuracy and efficiency. Neo.Tax has also simplified the multi-year lookback R&D credit process, allowing claims for the current tax year plus the previous three tax years, and enables companies to claim up to $500,000 in R&D payroll credits.
Industry Recognition
Neo.Tax has received recognition within the industry, being named a Top FinTech Product in the 2023 Product Awards. The company was also selected for GGV's SMBTech 50 List, highlighting its innovative approach to tax solutions for small and medium-sized businesses. Neo.Tax's commitment to compliance is underscored by its SOC 2 compliance status, ensuring that it meets high standards for data security and privacy.