At prmpt., we help businesses access R&D tax incentives and government grants to fuel innovation and drive growth. Whether you’re developing cutting-edge technology, pioneering new processes, or scaling an existing project, we simplify the process and ensure you receive the financial support you deserve. Our expert consultants guide you through eligibility, applications, compliance, and maximising funding, so you can focus on what you do best, innovating.
Expert guidance to simplify applications, maximise eligible expenditure, and ensure compliance with the R&D Tax Incentive.
Comprehensive claim reviews and audit support to protect compliance and mitigate risks.
Tailored advice and regular consultation to align R&D activities with funding opportunities and long-term business goals.
50/50 matched grant funding from the federal government to expand your business into international markets.
Federal funding opportunities to support innovation in the priority areas of resources, agriculture, forestry & fisheries, transport, medical science, renewables & low emission technologies and defence.
Strategic identification of funding opportunities to accelerate your innovation and business growth.
Complete the following form to determine if you’re eligible to claim the Research & Development Tax Incentive!
At prmpt., we provide comprehensive support to businesses navigating the Australian R&D Tax Incentive, ensuring they achieve the best possible outcomes in a timely and efficient manner. Innovation is at the heart of what we do, and we understand the importance of accessing funding to fuel research, development, and commercialisation. Our team of specialist R&D consultants and advisers bring extensive experience across multiple industries, allowing us to provide strategic guidance tailored to your business needs. Unlike traditional advisory firms, we take a direct, results-driven approach, cutting through the complexity to deliver straightforward, actionable advice that maximises financial benefits.
As an end-to-end R&D tax advisory firm, we work closely with businesses at every stage of their innovation journey. From eligibility assessments to successful claim submission, we ensure every detail is managed with precision and compliance in mind. Our process is thorough yet efficient, helping businesses claim every eligible dollar while maintaining full compliance with AusIndustry and ATO regulations. But our role doesn’t stop at lodging claims—we integrate seamlessly with accountants, virtual CFOs, funders, and business advisers to ensure that your R&D strategy aligns with your broader financial and growth objectives.
Beyond the R&D Tax Incentive, we explore other funding and grant opportunities that could propel your business forward. With new and evolving government grant programs, we assess the likelihood of success, providing honest, transparent advice on available options and the process involved. Our goal is to help businesses secure the funding they need without unnecessary complexity or wasted effort. We take a practical, no-nonsense approach, ensuring that applications are well-prepared, fully substantiated, and positioned for success.
Whether your business is just beginning an R&D project, actively developing new technologies, or in the final stages of prototype testing and commercialisation, we have the expertise to support you. Our services are designed to provide certainty and confidence, allowing you to focus on scaling and growing your innovations. We also offer free tools and resources, helping businesses understand the financial impact of the R&D Tax Incentive and other government funding options.
Innovation is challenging, but securing R&D funding shouldn’t be. At prmpt., we make the process clear, efficient, and stress-free, ensuring businesses receive the incentives they deserve to drive growth and innovation forward.
The Research & Development (R&D) Tax Incentive is Australia’s single largest government incentive. Australian companies creating new and novel products or services can utilise R&D to claim back a proportion of their eligible expenditure as a cash refund or tax offset, including costs associated with R&D applications and efforts to secure R and D grants in Australia.
With a comprehensive strategy and the correct execution, the R&D Tax Incentive can provide cash flow and support to grow innovation within your company.
Hypothetical Example <$20 million annual turnover
If your annual turnover is less than $20 million, you’re eligible to claim 43.5% on R&D expenditure as a cash refund.
Hypothetical Example >$20 million annual turnover
If your annual turnover is greater than $20 million, you’re eligible to claim 38.5% on R&D expenditure as a tax offset.
Our R&D Tax Refund Calculator helps you estimate your potential R&D tax refund based on your company’s turnover and R&D expenditure, including costs related to R&D applications and R and D grants Australia. It provides a clearer picture of what financial benefits you might expect.
Not every business qualifies. Eligibility is determined by various factors, including the nature of your operations and the kind of research and innovation you’re undertaking. To easily check if you qualify, you can use our Eligibility Test.
It varies depending on your business needs. However, with prmpt., we typically engage in regular consultations, either fortnightly or monthly, to ensure a smooth process and that no R&D opportunity is missed.
Whilst R&D is a self-assessed program, it is not guaranteed from an audit/review by AusIndustry. Our job is to ensure your R&D application is eligible, that all costs are captured/maximised and that you have the supporting documentation to substantiate your claim.
Absolutely! Our consultants are always on the lookout for new grants suitable for your company. As these become available, we offer advice, application assistance, and management services in addition to R&D consulting.
Depending on how quickly we can obtain all the required information from yourself and your team, an R&D application can be processed by us in 2-3 weeks. Then allow for an additional 1-2 weeks for the R&D refund/offset to be issued by the ATO.
As every client and their business is different in terms of size, requirements and work involved, our proposals are tailored to each client’s individual needs. Depending on if it is just an R&D application, government grant or both we can discuss fees for our services and a model that best suits your business.
Feel free to contact us for a quote.
Sure!
If you have completed a grant application and simply need a review and honest feedback, we can also offer this service. Speak with one of our consultants to learn more.
We love working with entrepreneurs, inventors, CEOs, CFOs and R&D managers who are passionate about their R&D project. Your success is our success, and we’ll always endeavour to achieve the best outcomes for our clients in an efficient manner, hence why we call ourselves prmpt, especially when it comes to R&D applications and securing R and D grants Australia.
To get started, take our eligibility test.
When it’s time to prepare your R&D application, a thorough approach combined a constant review of the RDTI requirements is critical to submitting an eligible and detailed submission to AusIndustry.. At prmpt, we’ve honed the art of navigating through the maze of R&D tax incentives with a mix of precision and levity, ensuring your journey towards claiming your rightful benefits is as smooth as possible.
Have you ever asked why certain Australian businesses surge ahead with breakthroughs while others lag? The ace up their sleeve is often an R&D tax advisor. In Australia’s cutthroat business landscape, where staying ahead means innovating relentlessly, the insight of an R&D tax advisor is not just helpful—it’s essential.
Let’s explore the top benefits of bringing an R&D tax expert on board, and see how this strategic partnership can elevate your R&D tax claims and propel your financial progress. Are you ready to maximise your business’s innovation potential? Let’s get started.
prmpt. is a leading R&D tax advisory and government grant consulting firm based on the Gold Coast Queensland. We help businesses across Australia manage their R&D Tax Incentive claims and access government grants via end-to-end support, from eligibility assessments to audit-ready documentation, ensuring full compliance with AusIndustry and ATO requirements.
Enter your details for the relevant financial year to calculate how much you could receive in an R&D tax refund.
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