Case Study: Red Ventures cuts R&D tax credit workload in half with Neo.Tax

Red Ventures cuts R&D filing work by 5 months with Neo.Tax

Red Ventures, a digital media company, faced a significant challenge scaling its R&D tax credit process. Their small tax team, led by Senior Tax Accountant Chase Pierce, was spending an unsustainable amount of time conducting hundreds of hours of interviews with engineers and managers to gather necessary data and documentation, a process that dragged on for up to six months. To solve this, they implemented the R&D solution from Neo.Tax.

The Neo.Tax solution synced directly with the company's Jira data, automating the data collection and substantiation process. This eliminated between 300 to 800 hours of interview time for engineers and managers and reduced the tax team's own workload by five months. The process became more efficient and audit-ready, and Red Ventures also saved money compared to their previous third-party solution.

Red Ventures