ASC 350-40, like much of GAAP, is intimidatingly complicated for most founders. But Neo.Tax has created an AI-powered solution. Our platform ports directly into your payroll and project management systems and solves for ASC 350-40. With Neo.Tax, the whole process is as simple as entering the dates when you want each project to enter each stage, and our AI automatically sorts and expenses or capitalizes the R&D expenditures according to GAAP.
On February 21, the Tax Executives Institute and Thomson Reuters are holding a live webinar entitled “Section 174: What We Know Now.” The in-depth presentation, which starts at 2pm ET, will provide expert guidance into how best to strategize around tax treatment of R&D expenditures as they currently stand under Section 174.
“The true back-office transactional side is just table stakes,” Nic Malianni says. “But for a startup to succeed, the finance function really has to be strategic. You can live in that land of customer experience and sales strategy, and drive strategic decisions if you want to. I think every accounting and finance person should.”
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