Key Takeways:
1) Specialist expertise: Technical, Financial and Compliance specialists work together on every R&D Tax Incentive claim.
2) Proven experience: 2,000+ successful submissions, 50+ years of combined experience and $300M+ in government funding secured.
3) Strong, supportable claims: Focused on maximising legitimate entitlements while minimising compliance and audit risk.
Choosing the right R&D Tax Incentive consultant can have a major impact on the value, strength and compliance of your claim. The R&D Tax Incentive requires businesses to correctly identify eligible activities, capture eligible expenditure, prepare strong technical documentation and meet the requirements of both AusIndustry and the Australian Taxation Office (ATO).
At Rimon Advisory, we have built our R&D Tax Incentive service around specialist technical, financial and compliance expertise. Our team works together to help clients optimise their legitimate entitlement while maintaining a strong, supportable claim.
1. An Exceptional Technical Team
A strong R&D Tax Incentive claim starts with properly understanding the R&D itself. Rimon’s Technical Team includes engineers, computer scientists and technical specialists who can engage directly with your technical staff and understand complex projects. Through detailed technical workshops, we uncover what you were trying to achieve, the technical uncertainties encountered and the experiments and development work undertaken to resolve them.
This expertise is important because developing something new or innovative does not automatically make an activity eligible for the R&D Tax Incentive. Our Technical Team understands the requirements around core and supporting R&D activities and translates complex technical work into clear documentation addressing the relevant eligibility criteria. Whether you are developing software, hardware, manufacturing processes, prototypes or engineering solutions, you are working with people who understand technical development and know the right questions to ask.
2. A Highly Experienced Financial Team
Identifying eligible R&D activities is only half of a successful claim. You also need to accurately determine the expenditure associated with those activities. Rimon has a dedicated Financial Team comprising Chartered Accountants and financial experts who specialise in quantifying R&D activities. This can include salaries, contractors, cloud infrastructure, software, materials, prototypes, overheads and other eligible expenditure.
Calculating R&D expenditure is more complex than adding up everything spent on a project. Employees and contractors may perform both R&D and non-R&D work, while shared costs may need to be apportioned. Our Financial Team works to establish a clear and supportable connection between eligible activities and expenditure, helping capture costs that may otherwise be missed while ensuring there is a sound basis for the final claim.
3. Experience Built Across More Than 2,000 Submissions
Rimon has worked with businesses of different sizes, industries and stages of development, giving our team exposure to a broad range of R&D projects, financial structures and eligibility scenarios.
Our experience includes:
- 2,000+ successful submissions
- 50+ years of combined experience
- Clients across 7 Australian states and territories
- $300+ million in government funding secured
This represents significant practical experience applying the R&D Tax Incentive rules to real businesses and projects. Having worked across thousands of submissions helps our team know what questions to ask, recognise potential eligibility and identify areas that may require further evidence or investigation.
4. Top Level Audit Defence
A strong R&D Tax Incentive claim shouldn’t simply be prepared to get through submission; it should be prepared with the possibility of an AusIndustry or ATO review in mind. Businesses need to demonstrate why their activities and expenditure were eligible and provide appropriate evidence to substantiate their claim. That’s why Rimon builds compliance and audit defence into the process from the beginning.
Our Technical Team identifies eligible R&D activities and clearly articulates how they meet the R&D Tax Incentive requirements, while our Financial Team establishes a supportable methodology for the expenditure claimed. Claims also undergo internal compliance review before submission, and we emphasise contemporaneous documentation and consistency between the technical and financial components. If AusIndustry or the ATO reviews a claim, our team can assist throughout the assessment process. Strong audit defence is about preparing a claim from the outset that can be supported if challenged.
5. Deep Understanding of AusIndustry and ATO Legislation
The R&D Tax Incentive involves two regulatory bodies, each responsible for different aspects of a claim. AusIndustry assesses whether activities satisfy the R&D eligibility requirements, while the ATO focuses on the financial and tax aspects, including whether expenditure has been correctly calculated and substantiated. A strong claim needs to satisfy both.
Rimon’s team structure reflects these requirements. Our Technical Team focuses on the AusIndustry eligibility framework, including core and supporting R&D activities, technical uncertainty and systematic progression of work. Our Financial Team focuses on eligible expenditure, apportionment and substantiation. Crucially, the two sides need to align: eligible expenditure must relate back to eligible R&D activities and be appropriately supported.
This understanding has been developed through more than 2,000 submissions and over 50 years of combined team experience, applying the R&D Tax Incentive requirements across different industries, technologies and financial circumstances.
6. We Take the Time to Understand Your Business
Every R&D project is different, which is why we don’t believe a strong claim should start and finish with a generic template. Our process includes a detailed technical workshop where we work with your team to understand what you were developing, the technical challenges encountered, the experiments conducted, what failed, what worked and what was ultimately learned.
By understanding the complete development process, our Technical Team can identify eligible activities that may otherwise be overlooked and prepare documentation that accurately reflects the R&D undertaken. Our Financial Team then works to quantify the associated expenditure, creating a clear connection between the technical R&D story and the expenditure claimed.
7. Optimising Your Legitimate Claim While Minimising Risk
Two major mistakes businesses can make are underclaiming and overclaiming. Underclaiming can mean overlooking eligible activities or expenditure, while overclaiming can mean including items that cannot be adequately supported and increasing compliance risk.
Rimon’s approach is designed to address both. Our Technical Team identifies and documents eligible activities, our Financial Team analyses the associated expenditure, and our compliance processes provide additional scrutiny before submission. This allows us to work towards the best legitimate financial outcome while maintaining a strong focus on compliance and audit preparedness.
8. A Process Designed to Minimise the Work for Your Team
Preparing an R&D Tax Incentive claim internally can take significant time from founders, engineers, developers, finance teams and management. Rimon manages the process from eligibility assessment and technical workshops through to financial analysis, compliance review and submission, keeping your team involved where their knowledge and evidence are required.
Your team provides the information only they can provide; we do the heavy lifting around them. This means less time interpreting legislation and preparing R&D documentation, and more time developing products, solving problems and growing the business.
Why Choose Rimon Advisory?
A successful R&D Tax Incentive claim requires technical specialists who understand the R&D, financial specialists who understand the numbers, and a team with deep knowledge of the legislative and compliance framework connecting the two.
With 2,000+ successful submissions, 50+ years of combined experience, clients across 7 Australian states and territories and more than $300 million in government funding secured, Rimon brings significant practical experience to every claim. Our specialist Technical, Financial and Compliance expertise works together throughout the process to help prepare a strong, supportable claim.
Our goal is straightforward: optimise your legitimate R&D Tax Incentive benefit, minimise compliance risk and minimise the amount of time required from your team.
Get More From Your R&D Tax Incentive Claim
The R&D Tax Incentive can provide significant cash back to businesses investing in innovation, but getting the best result requires good preparation, technical knowledge, financial expertise and a deep understanding of the program.
Contact us at Rimon Advisory today to discuss your R&D activities and discover how our Technical, Financial and Compliance expertise can help improve your R&D Tax Incentive claim.
