In the dynamic world of video game development, innovation is the key to success. That's why forward-thinking companies often turn to the Scientific Research and Experimental Development (SR&ED) program in Canada to support their innovative endeavors. Asgard Consulting recently had the privilege of assisting a video game company with their SR&ED filing, and the results were nothing short of remarkable. This success story not only demonstrates the potential of the SR&ED program but also underscores Asgard Consulting's expertise in maximizing returns for their clients.
Our client, a leading video game company, had been actively engaged in pushing the boundaries of gaming technology. They were investing significant resources in research and development (R&D) but were not fully capitalizing on the potential benefits offered by the SR&ED program. They approached Asgard Consulting seeking assistance in optimizing their SR&ED claim.
The Asgard Approach
At Asgard Consulting, we pride ourselves on our deep understanding of the SR&ED program and our commitment to delivering exceptional results for our clients. We embarked on this project with a thorough assessment of our client's R&D activities. Our team of experienced professionals collaborated closely with the video game company's experts to identify eligible SR&ED projects and expenses.
Through our meticulous analysis and strategic approach, we were able to transform our client's SR&ED claim. The result? A staggering 32% year-over-year increase in their return. To put this in perspective, this boost translated into over $500,000 in additional funds paid back to our client. This windfall allowed them to reinvest in their innovative projects, hire more talent, and expand their game development efforts.
Key Factors That Led to Success
1. In-Depth Knowledge : Our team's expertise in the SR&ED program ensured that every eligible aspect of our client's R&D work was identified and properly documented.
2. Close Collaboration: We worked closely with our client's R&D teams to understand their projects, challenges, and objectives, which allowed us to tailor the SR&ED claim to their unique needs.
3. Comprehensive Documentation: We meticulously compiled all necessary documentation, ensuring that our client's claim was rock-solid and audit-ready.
4. Strategic Planning: Our strategic approach maximized the return on investment for every dollar our client had invested in R&D.
The success of this collaboration serves as a testament to the power of the SR&ED program when leveraged effectively. It also reinforces Asgard Consulting's commitment to helping businesses of all sizes unlock the full potential of their innovative efforts. As we move forward, we are excited to continue assisting companies in various industries to navigate the complexities of SR&ED and ensure they receive the financial support they deserve for their innovative endeavors. We believe that innovation should be rewarded, and we are here to make sure it happens.
At Asgard Consulting, our mission is to empower businesses to thrive through innovation. Our recent achievement in helping a video game company secure a 32% year-over-year boost in their SR&ED return is a testament to our dedication to this mission. If you are seeking to optimize your SR&ED claim or want to explore how the program can benefit your business, don't hesitate to reach out to us. We are here to help you achieve success through innovation, just as we did for our valued client.