The R&D tax credit was expanded to be more easily accessed by early-stage startups in 2016, since both Congress and the IRS realized that startups were innovating and creating high tech jobs more than anyone else. Since most startups aren’t profitable, they amended the R&D Tax Credit to refund payroll taxes, which every startup has to pay regardless of its profitability. That’s 6%+ of gross payroll expenses, up to $250,000 per year, refunded back!
neo.tax automates the R&D Tax Credit, giving startups roughly an extra month of burn. It's cheaper, faster and more accurate than human CPAs. It only takes 15 minutes to cut burn and extend runway without cutting headcount. Claim the money your startup’s owed!