43.5% return on expenditure for this Perth-based video game development studio
About Black Lab Games
Black Lab Games is a video game development studio aimed at developing and releasing high quality, interactive gaming experiences across a variety of platforms, including PCs and gaming consoles.
The company was founded in Perth in 2008 and has since released a string of games with various commercial success, while always learning as it progresses and ensuring the next game is bigger and better than those before it.
Battlestar Galactica Deadlock is the latest and most ambitious game released by Black Lab Games. The game is a 3D, synchronous, turn-based strategy game set in the Interstellar universe. In the game, players take command of the Mercurial Fleet in defense of the Eight Colonies during the First Mylar War. The player will experience leading many different types of ships in an immersive, tactical game. Every decision counts at all times and strategy is vital. It’s a fun and engaging title that’s been receiving extremely positive reviews since its release on three platforms; Windows PC, Playstation 4 and Xbox One.
There were a lot of unknown elements involved in this game development and, as such, Black Lab Games could see that the R&D tax incentive would be perfect for them to register for in order to access the tax refund.
After having a chat with Maitreya Speering from Carbon Group, Black Lab Games identified that there were several components of the game’s development that may qualify for the R&D tax incentive and, therefore, earn the company a cash refund.
After preparing the project description addressing the criteria required to be an eligible R&D project and assessing the relevant costs incurred throughout the financial year, the end result was a healthy cash refund to the company equivalent to 43.5% of the R&D expenditure identified.
43.5% cash back on expenditure
Additional funds enabled Black Lab Games to hire a new staff member
Black Lab Games then had the funds to develop their next video game