SaaS scale-up (Series B)
R&DTaxIncentiveRecovery
$2.1M
in R&DTI claims recovered
3 years
of eligible activities documented
18
qualifying projects identified
THE CHALLENGE
The Challenge
A Series B SaaS company had been investing heavily in product development for three years but had never lodged an R&D Tax Incentive claim. Their engineering team was focused on shipping product, and no one had systematically identified which development activities qualified for the incentive.
The company's tax advisor had flagged the potential opportunity but lacked the technical expertise to identify and document eligible activities across a complex software development environment.
With significant capital invested in R&D and a need to extend runway, recovering eligible R&DTI value was a strategic priority for the board and investors.
OUR APPROACH
Our Approach
BNNOVATE conducted a retrospective review of three years of development activity, working closely with engineering leadership to identify projects and activities that met the R&DTI eligibility criteria under the Industry Research and Development Act.
We developed a structured documentation framework that captured the technical uncertainty, hypothesis, experimentation, and evaluation processes for each qualifying project. This included interviews with engineers, review of technical documentation, and analysis of development workflows.
Working in partnership with the client's tax advisor, we prepared comprehensive R&DTI claims for three financial years, including detailed activity descriptions, expenditure allocation, and supporting evidence packages.
THE OUTCOME
The Outcome
Eighteen qualifying R&D projects were identified across three financial years, resulting in $2.1 million in R&DTI claims. The recovered funds were reinvested into further product development and market expansion.
A forward-looking R&DTI capture framework was established, ensuring that eligible activities are identified, documented, and claimed in real time as part of the development process — eliminating the need for costly retrospective reviews.
The structured documentation approach provided the company with defensible claims that meet ATO and AusIndustry requirements, significantly reducing compliance risk for current and future periods.
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