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p/neo-taxautomated R&D tax credits for startups = extra month of burn
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Ibrahim

neo.tax 2.0 - 10 minutes could save your startup 10% or more on payroll

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unlock tax credits for startups!
10% back on payroll in 10 min + IRS agent in your pocket
eligible if you make <$5M revenue + have US employees
reverse-engineered IRS audit methods + $1M guarantee

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Ibrahim
Maker
hello everyone! we are a small team founded by a Stanford PhD in ML automating an ex-IRS agent's brain, productized by an ex-Intuit PM. congress + IRS made the R&D Tax Credit to incentivize US innovation = startups can get 10% back on last year's payroll and contractors! we are bringing transparency to the (intentionally) complex tax code to make it accessible to everyone. about damn time, right? most CPAs don't know about this credit & the ones that do take 10 hrs! plus you're covered by best-in-class assurance: reverse-eng'd IRS audit techniques + ex-IRS agent + $1M guarantee finally, we care a ton about incentive alignment! so you pay us a small % of your credit, spread out over 12 months. and we don't begin charging you until you actually get $$$. thanks for coming to our ted talk =]
Leandro
@ibrahim1 Hi there! What have been the changes since this launched last year?
Ibrahim
Maker
@leandro8209 1. built API integrations for all payroll connections 2. baked in an IRS agents' intelligence and insights so it's like having them walk you through it 3. rebuilt payment so that it's truly incentive aligned with customers, spread out over 12 months and only begin charging customers when their credit kicks in 4. automated away many questions by gathering data from other online sources 5. rebuilt it entirely so it's faster, more performant, and more reliable 6. added many more payroll providers 7. it's more prettier
Leandro
@ibrahim1 Thanks for clarifying! All the best with your launch!
Ibrahim
Maker
@leandro8209 thanks!!!
Rahul Nair
@ibrahim1 Seems promising with those features. Congrats on your product launch. Keep up with the good work.
Michael
How does this compare to MainStreet?
Ibrahim
Maker
@michaelxyoung great question! 1. one of our cofounders is a former IRS agent (1) building the product, (2) reviewing your credit, and (3) on staff to talk to the IRS, should they have any questions 2. our Write-up (your insurance policy) is the most robust, accurate and comprehensive in market 3. we have productized the flow to make it super easy → takes 10 min 4. that also means that we are half the price of anyone else → we only charge a 10% fee 5. and we spread that fee over 12 months and only start charging customers when their credit kicks in, so you're paying us using your savings and never out-of-pocket =] 6. finally, we have the highest assurance possible, capped off with a $1M guarantee
Omar Gabr
Congrats! These are pretty impressive updates 💪 🚀
Ibrahim
Maker
@okgabr thanks a lot!
Asad Ali
Great product - would help so many new entrepreneur in their journey
Ibrahim
Maker
@asadoo93 thanks a lot!
Victor Wang
Neo.tax makes filing tax credits fast and easy for busy startup founders. What's not to love?
Ibrahim
Maker
@victor_wang4 thanks a lot!
Maxim Frostman
Hey guys! Any plans to do similar type of app for the UK?
Ibrahim
Maker
@maxim_frostman not yet but we'll keep you posted!
Charles Naut
Congrats on all the updates! It's looking slick
Ibrahim
Maker
@charles_naut thanks a lot!
Shun Yamada
It would definitely be the killer in the payroll space!!
Lee Fuhr
?makers Is this something I would use in _addition_ to my accountant doing their normal tax prep work? Would I need to involve them in this? Sorry, this stuff makes my head feel cloudy.
Ibrahim
Maker
@lee_fuhr this stuff makes everyone's head cloudy! that's why we're solving it. yes this would be in addition to your accountant. you don't need to involve your accountant until the very end (they incorporate the r&d credit we generate into your tax return in <5 min), but many of our customers loop their accountants in earlier. and many accountants secretly use neo.tax on the backend to generate their startup clients' r&d credits.
James Quinn
Is this available in Canada?
Ibrahim
Maker
@james_afino not yet! but perhaps next year. thanks for asking!
pdfreader freeapp
Update and continue to develop.
Ibrahim
Maker
Tom Grigory
Congrats on your launch!
Ibrahim
Maker
@tom_grigory thanks!
Sadok Cervantes R.
I pay my contractors via wire, as in I don't use a payroll system, can I still use you?
Ibrahim
Maker
@sadokx yes you can! are you tracking those contractor payments in quickbooks or an accounting system? (even if not) ping me at ibrahim@neo.tax and would be happy to help!
Andrew Case
Great tagline - congrats on the launch!
Ibrahim
Maker
@andrew_case1 thanks a lot!
Nazim @Koinju
Look awesome, is it available for france ?
Benoit Chambon
Time is the greatest enemy of startup. Good job guys, it's smart ;)
Tom Martchek
After using the service for the first time this tax season, I STRONGLY RECOMMEND working with neo.tax!! Taxes might be the least fun portion of founding a company (sorry guys, it's true), but their process to capture the R&D tax credit is about as seemless and painless as you could ever make it. I'll see you guys for the next five years while we can still earn the credit. Worthy of mention, their support team was astoundingly good. When tax law isn't your thing, they stayed on the phone walking me through the process and went far beyond expectations to remedy. Poor guy I think was working late on a Friday. I'm truly in your debt!! Great job!
Beata_Swinarew
I will show it to my team :) thanks