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Success Stories

Let The Recoup Group create a success story for you!

Over the last decade The Recoup Group has achieved tremendous success on behalf of our clients. Our success covers a broad range of industry sectors including: manufacturing, software development, eCommerce, and biotechnology.

Here are a few examples of Recoup Success:


Manufacturing

  • A manufacturing company developed a production line extension for a previously outsourced process.  They had never before made any SR&ED claims and did not know whether their activities were eligible nor which elements of their costs may be eligible for SR&ED benefits.  They quantified their production line extension efforts at approximately $400,000 of expenditures with an expectation of realizing a maximum 35% of $400,000 or $140,000 of tax credits.  Engaging The Recoup Group as their SR&ED specialist, the company was able to properly quantify its eligible SR&ED activities related to the production line extension and realized actual tax credit benefits that exceeded $700,000.
  • Engaging their external accountants, a large national firm, to review and assess their eligibility for SR&ED benefits, at a cost of approximately $20,000, a Canadian based manufacturing company was provided a written report indicating that their eligibility was doubtful at best.  The report indicated that the potential did not warrant the significant professional fees that would be required to: a) properly articulate project objectives, uncertainties and technological advancements, b) properly accumulate the costs associated with eligible activities and c) make application and defend the claim.  The Recoup Group was engaged as their SR&ED specialist, took the time to learn the company’s industry and the company’s processes, identified eligible projects within the Company’s activities and prepared the extensive documentation required to submit and defend the claim.  Because the Company is continually introducing new products and improving existing products and processes, the Recoup Group has successfully assisted this Company to make SR&ED claims for each of the last 10 years, resulting in tax credits exceeding $1.5 million.  The Company now views the SR&ED as an integral financing component to their product and process development activities and as a direct result of the consistent success in achieving results, has hired a full time R&D person who works with the Recoup Group to prepare and maximize the annual claim process.

Software Development

  • A successful software development Company was at the forefront of developing unique visual effects.  Engaging The Recoup Group, the Company was able to provide contract services to large U.S. companies and claim its activities related to the development of the software. The Company now views the SR&ED as an integral financing component to their activities and as a direct result of the consistent success in achieving results, has hired a full time R&D person who works with the Recoup Group to prepare and maximize the annual claim process.
Life Sciences 
  • A research institute spin off Company, in life sciences, was formed with a sole purpose medical device development objective.  Engaged by one of the investors, a Venture Capital consortium, to assess and review the SR&ED claims, The Recoup Group was able to identify previously unclaimed eligible SR&ED costs that resulted in significant refundable tax credits.  These eligible costs were previously unclaimed by the external accounting firm providing the Company’s accounting, tax and SR&ED services.  The Recoup Group works with the external accountants, providing the SR&ED services and collaborating with the accountants to coordinate the SR&ED claim process in a seamless fashion for the Company.  Now, the Venture Capital firm has requested The Recoup Group to assist in the SR&ED claim process for other of its investee companies.

     

 
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