Neo.Tax
Neo.Tax is an AI-powered tax automation SaaS platform that uses domain-specialized AI agents to automate IRS R&D tax credit qualification (IRC §41), R&D capitalization (§174), and ASC 350-40 software capitalization for enterprise tax teams and venture-backed startups.
- Company typePrivate
- Founded2022
- HeadquartersMountain View, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Neo.Tax does
Neo.Tax is an AI-powered enterprise tax automation company headquartered in Mountain View, California. Its platform ingests real-time data from engineering and finance systems — including Jira, GitHub, Linear, Azure DevOps, Workday, ADP, and NetSuite — and applies six domain-specialized AI agents (Project Creator, IRS Qualification, Quantifier, QRE Calculator, Project Narrative, QRE Defender) trained on IRS codes, regulations, and case law to automate R&D tax credit qualification and quantification under IRC §41, R&D capitalization under §174, and software capitalization under ASC 350-40. Outputs are audit-ready Form 6765 studies and contemporaneous documentation with full source traceability, eliminating the survey- and interview-based workflows that traditional R&D credit preparation requires.
The company serves enterprise tax teams (CFOs, tax compliance, finance) and SMB/startup customers reached through fintech distribution, with named enterprise customers including Adobe, Block, Capital One, SoFi, Thomson Reuters, Notion, Mercury, Modern Treasury, Zapier, Whoop, Xero, Red Ventures, and Octane. Pricing is primarily performance-based at 5% of R&D tax credit savings, with an enterprise SaaS subscription overlay; revenue is recognized after clients receive credit refunds. Neo.Tax holds SOC 2 Type II and ISO/IEC 27001:2022 certifications, is GDPR and CCPA compliant, and supports single-tenant and BYOC deployments for enterprise procurement.
Neo.Tax has raised approximately $13 million across funding rounds led by Infinity Ventures (Series A, February 2022) with participation from Fin Capital, Floodgate, Google Ventures, Uncork Capital, Lux Capital, SVA, Acrew Capital, Liquid 2 Ventures, Thomson Reuters, and Mindset Ventures. The company maintains a hybrid go-to-market combining product-led self-serve, enterprise field sales, fintech channel partnerships (Mercury), and an emerging accountant/CPA channel, supported by content marketing, conference presence, and SEO-optimized tax education resources.
Neo.Tax firmographics
Firmographics- Name
- Neo.Tax
- Legal name
- Neo.Tax, Inc.
- Website
- https://neo.tax
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Neo.Tax is an AI-powered tax automation SaaS platform that uses domain-specialized AI agents to automate IRS R&D tax credit qualification (IRC §41), R&D capitalization (§174), and ASC 350-40 software capitalization for enterprise tax teams and venture-backed startups.
- Ownership category
- akta.pro rank
Neo.Tax industry classification
Industry- Product category
- Enterprise Tax Compliance Software
- NAICS
- Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)
- SIC
- Services-Computer Programming Services (7371), Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- Tax Return Filing, Processing & Assessment (BPAIADAC)
- akta.pro secondary industries
- Revenue Systems, E-Filing & Digital Tax Administration (BPAIADAO), Payroll Tax Filing, Compliance & Regulatory Reporting (BPAAAHAB)
Keywords
Where Neo.Tax is headquartered
LocationHeadquarters
- HQ city
- Mountain View
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Neo.Tax business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- R&D Tax Credit Processing Fee: Performance-based fee structure charging 5% of the R&D tax credit savings generated for clients. The entire filing process takes approximately 15 minutes. Revenue is contingency-based, collected only after clients receive their credit refunds.
- Subscription/Enterprise Licensing: SaaS platform access with Order Forms and service agreements. Fees are due when deliverables are made available for download. No refunds or credits offered after fees are paid.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Pay-as-you-go | 5% of credit savings |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Neo.Tax product offering
Product offeringCore offering
Neo.Tax operates an AI-powered SaaS platform that automates U.S. R&D tax credit claims (IRC §41), software capitalization under ASC 350-40, and §174 R&D capitalization for enterprise tax and finance teams. The system ingests real-time engineering and financial data from Jira, GitHub, payroll, and accounting ledgers, runs six domain-specific AI agents trained on IRS codes and case law, and outputs audit-ready deliverables including Form 6765, R&D Tax Credit Studies, and ASC 350-40 capitalization reports in weeks instead of months.
Product overview
Neo.Tax is a unified AI-powered SaaS platform for enterprise tax automation, starting with R&D Tax Credits (IRC §41) and ASC 350-40 software capitalization. The platform consists of the core AI Tax Engine, which is the processing layer powered by six specialized AI agents, and three primary deliverable products: the R&D Tax Credit Study (Form 6765), ASC 350-40 Software Capitalization, and §174 R&D Capitalization. The system connects to customer data sources (Jira, GitHub, payroll, accounting ledgers) to ingest real-time engineering activity, applies IRS-trained AI models to qualify and quantify work, and outputs audit-ready documentation — eliminating manual interviews, surveys, and spreadsheets.
Differentiator
Problem solved
Functional benefit
Products and services
- R&D Tax Credit Study AI-automated generation of IRS-compliant R&D Tax Credit studies. Ingests engineering data from Jira, GitHub, and payroll systems; applies the IRS §41 four-part qualification test; allocates R&D effort ticket-by-ticket; and produces audit-ready Form 6765 documentation in weeks rather than months. Designed for enterprise tax teams, CFOs, and finance departments.
- ASC 350-40 Software Capitalization AI-powered automation for software capitalization under ASC 350-40. Identifies and tracks capitalized engineering time using project management data from Jira, Linear, and Azure DevOps; calculates capitalization percentages per employee per project; and produces a GAAP-compliant export with a complete audit trail from ticket to capitalized dollar. For enterprise tax and finance teams.
- R&D Capitalization (§174) AI-driven analysis for R&D capitalization under IRC §174. Automatically processes engineering data to determine qualified research expenses for the tax code capitalization requirement, producing audit-ready outputs alongside the R&D Tax Credit Study. For enterprise tax teams managing combined credit and capitalization analyses.
- Neo.Tax AI Tax Platform (Six-Agent AI Engine) The SaaS platform that powers all Neo.Tax outputs. Uses six specialized AI agents (Project Creator, IRS Qualification, Quantifier, QRE Calculator, Project Narrative, QRE Defender) trained on IRS codes, regulations, and case law to perform end-to-end R&D and software-cap analysis. Ingests real-time data from Jira, GitHub, payroll, and accounting ledgers and delivers audit-ready deliverables to enterprise tax and finance teams.
Quantifiable outcome
- ~60% reduction in PM interviews for Notion
- +5 more outcomes
Companies that use Neo.Tax
Customer profileNamed customers13 records
Segments3 records
Ideal customer profiles3 records
Neo.Tax technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability10 records
Feature6 records
Neo.Tax partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- MercurycoreNeo.Tax and Mercury partnered to offer an automated solution for the R&D tax credit to Mercury's startup customers. The partnership allows Mercury to provide its customers with access to Neo.Tax's AI-powered R&D credit automation platform through their banking ecosystem.
- Google CloudcoreBackend cloud infrastructure provider. Data is replicated across multiple U.S. regions for redundancy and disaster recovery. TLS v1.3 encryption.
- NeoncoreData storage provider. Customer data stored in PostgreSQL database with 99.999%+ durability and 30-day point-in-time-restore support in AWS US West 2 (Oregon) region.
- OpenAIcoreAdvanced AI models and API provider for Neo.Tax's AI-powered tax automation platform.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Neo.Tax competitors and assessment
Company assessmentDirect peers
- Boast.AI: Direct competitor offering AI-driven R&D tax credit automation for technology companies. Targets a similar customer base of startups, scale-ups, and enterprise engineering organizations with comparable interview-elimination value proposition.
- Incentify: Specialized R&D tax credit software platform for SMBs and accounting firms. Competes head-to-head on automating §41 studies and reducing CPA interview overhead for technology and engineering-heavy customers.
Emerging players
- Bonsai (now part of, formerly Taxfyle / Bonsai): Tax and accounting automation platform serving SMBs and freelancers, including some R&D credit workflow features. Overlaps with Neo.Tax on serving the startup SMB segment with automated tax workflows.
- Kruze Consulting: Startup-focused CPA firm where Neo.Tax's Chief Tax Officer Stephen Yarbrough previously led tax. Competes in the startup R&D credit preparation market via traditional CPA services that Neo.Tax automates.
- Drata: Compliance automation SaaS for SOC 2, ISO 27001, and similar frameworks. Shares the AI-native automation thesis and SMB-to-enterprise GTM motion with Neo.Tax, though in compliance rather than tax.
Broad incumbents
- Leyton: Global R&D tax credit consultancy serving SMBs through enterprises. Provides both human advisory and software tools for innovation credits, competing on the enterprise side of the R&D credit market.
- Intuit: Tax and accounting software incumbent (QuickBooks, TurboTax) and Neo.Tax CEO Ibrahim Hashmi's former employer. Could integrate AI-driven R&D credit features into its SMB tax software stack, threatening Neo.Tax's SMB wedge.
- Thomson Reuters: Tax software and information incumbent that is both a Neo.Tax investor and customer. Competes via ONESOURCE and other tax compliance suites that could incorporate comparable AI R&D credit automation.
- Wolters Kluwer: Tax and accounting software incumbent (CCH, TeamMate) serving enterprise tax departments. Has the enterprise relationships and R&D to build competing AI R&D credit features into its tax compliance portfolio.
- H&R Block: Mass-market tax preparation incumbent with enterprise tax products. Could expand into automated R&D credit services for SMB customers, competing with Neo.Tax's Mercury-style fintech distribution approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Neo.Tax social profiles
Digital presenceNeo.Tax compliance and trust
Trust signalCompliance4 records
Neo.Tax financial estimates
Financial estimateRevenue estimate
Valuation estimate
Neo.Tax leadership team
Management profileNumber of profiles
Profiles4 records
Neo.Tax funding detail
Funding detailFunding overview
Funding rounds6 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Neo.Tax M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Neo.Tax
What does Neo.Tax do?
Neo.Tax operates an AI-powered SaaS platform that automates U.S. R&D tax credit claims (IRC §41), software capitalization under ASC 350-40, and §174 R&D capitalization for enterprise tax and finance teams. The system ingests real-time engineering and financial data from Jira, GitHub, payroll, and accounting ledgers, runs six domain-specific AI agents trained on IRS codes and case law, and outputs audit-ready deliverables including Form 6765, R&D Tax Credit Studies, and ASC 350-40 capitalization reports in weeks instead of months.
Is Neo.Tax a public or private company?
Neo.Tax is a private company. It is classified as venture growth investor backed and is currently operating.
When was Neo.Tax founded?
Neo.Tax was founded in 2022. It employs 11 to 50 people.
Where is Neo.Tax based?
Neo.Tax is headquartered in Mountain View, United States, in the North America region.
How does Neo.Tax make money?
Two revenue lines are on record. R&D Tax Credit Processing Fee is the primary driver. The others are subscription/Enterprise Licensing.
Who are Neo.Tax's main competitors?
Direct peers on record are Boast.AI and Incentify. Emerging players are Bonsai (now part of, formerly Taxfyle / Bonsai), Kruze Consulting and Drata. Broad incumbents are Leyton, Intuit, Thomson Reuters, Wolters Kluwer and H&R Block.
Does Neo.Tax have an API?
No public API is recorded for Neo.Tax.
What industry is Neo.Tax in?
Neo.Tax's product category is Enterprise Tax Compliance Software. Its primary akta.pro industry code is BPAIADAC, Tax Return Filing, Processing & Assessment, with a secondary code of BPAIADAO, Revenue Systems, E-Filing & Digital Tax Administration. Its NAICS code is 5412 and its SIC code is 7371.