Case Study: Mercury achieves a higher, audit-ready R&D credit with Neo.Tax

Mercury increases R&D credit by ~10% with Neo.Tax

Mercury, a financial technology company, faced the challenge of scaling its R&D tax credit and capitalized software processes without burdening its large engineering team. Their controller sought stronger, audit-ready documentation backed by granular data rather than inefficient quarterly reviews or time tracking. To solve this, they partnered with Neo.Tax.

Using Neo.Tax's unified project system and its integration with Linear, Mercury automated both processes from their existing project management data. This solution saved weeks of engineering and accounting time, required less than one hour from each engineer, and delivered a smooth audit. Neo.Tax increased Mercury's R&D credit by approximately 10% year-over-year and generated a detailed 500-page study, providing a more accurate and higher quality result.

Mercury