Unlock Innovation. Empower Growth.

Results-driven R&D Consultants empowering Australian Businesses to Innovate Through the R&D Tax Incentive

Welcome to prmpt: Your Trusted R&D Consultants

At prmpt., we are more than just R&D tax consultants – we’re partners in your innovation journey. We specialise in helping Australian businesses unlock vital funding opportunities through the Research & Development (R&D) Tax Incentive and other government programs.

Our mission is simple: to empower businesses of all sizes to innovate, grow, and thrive without being held back by financial constraints. Whether you’re developing cutting-edge technologies, improving processes, or exploring new innovations, we’re here to ensure you maximise your claims and achieve your goals.

Welcome to prmpt: Your Trusted R&D Consultants

At prmpt., we combine expertise, transparency, and a client-first approach to make R&D tax consulting seamless and impactful. With over twelve years of experience, we’ve helped businesses across industries unlock millions in funding through aligned strategies and meticulous attention to detail.

What sets us apart? Our personalised service, industry knowledge, and commitment to delivering real results. We simplify complex processes, ensure the highest levels of compliance, and maximise your claims, allowing you to focus on what you do best – innovating.

Choose prmpt. as your trusted R&D partner and let us help you achieve your goals.

Welcome to prmpt: Your Trusted R&D Consultants

At prmpt., we take a results-driven approach to R&D consulting, guiding you through every step of the process. From determining your eligibility to ensuring your R&D refund reaches your bank account quickly, we focus on delivering outcomes that enhance your cashflow.

As a full-service firm, we integrate seamlessly with your team, securely gathering the information needed to craft a robust, compliant claim. We also collaborate closely with your tax accountants to finalise everything with precision. With prmpt., you can trust that we’ll handle the complexities while you focus on driving your innovations forward.

R&D Tax Refund Calculator

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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Include Aggregate Turnover if your entity is a part of a group of companies.
Enter the amount of your Total Company Expenses that are eligible R&D Expenses (i.e. apportioned wages/salaries, superannuation, contractors, rent, materials, etc.)
Enter your Total Company Expenses that that have been incurred for this financial year.
Can be found in Section 13 of your previous Company Tax Return. If Section 13 does not exist on your Company Tax Return, you likely do not have any Carried Forward Tax Losses.
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We Work With

Founders Investors CEOs Start-ups CFOs R&D Managers Engineers Innovators

Why Choose prmpt.?

End-to-end service – We guide you through every step of the process, from determining eligibility, apportioning the correct R&D expense items to submitting your R&D claim and finalising with your tax accountant.

Fast refund delivery – Our team works with urgency to process your claims, ensuring your R&D refund is delivered quickly to boost your cashflow when you need it most.

Tailored strategies – No two businesses are alike, so we craft personalised R&D tax strategies that align with your goals and maximise your return and your compliance.

100% compliance record – With a flawless compliance history, you can trust us to submit accurate claims that meet all legal and regulatory requirements, substantially reducing the risk of audits or penalties.

Integrated teamwork – We collaborate seamlessly with your team and tax accountants, ensuring the process is smooth, efficient, and hassle-free for your business.

Transparent pricing – No surprises here – we provide clear, upfront pricing with no hidden fees, so you know exactly what to expect.

Time-saving processes – Our streamlined systems and processes minimise the time and effort required from your team, letting you focus on growing your business.

Dedicated R&D experts – Our team of experienced R&D consultants brings years of expertise to the table, ensuring you’re in the hands of professionals who understand your industry.

Grant identification – Beyond the R&D Tax Incentive, we help you uncover additional government grant opportunities to further support your business’s growth and innovation.

Industry-specific knowledge – With experience across sectors such as software, defence, agriculture, manufacturing, biotechnology, aviation, and large-scale technologies (to name a few), we understand your challenges and opportunities, providing advice that’s specific to your industry.

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Our Process

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1. R&D Discovery Call

Understanding your R&D potential and eligibility
Our process begins with a free, one-on-one consultation with one of our expert R&D consultants. During this initial call, we dive into your business operations, discussing your projects, innovation goals, and potential R&D activities and expenses. This is your chance to share details about the cutting-edge work you’re doing and ask any questions about the R&D Tax Incentive. By the end of this session, we’ll have a clear understanding of your business’s eligibility, allowing us to build a clear roadmap for your claim. Following this consultation, our team conducts a thorough internal review of your R&D activities, diving deeper into the details to ensure alignment with government eligibility criteria. This step combines expert consultation with meticulous background research, ensuring your business’s innovation efforts are accurately assessed and positioned for a compliant, maximised claim. By the end of this step, we’ll have a strong understanding of your eligibility and a clear plan to move forward.

2. Proposal/Letter of Engagement

Building a transparent partnership
Once R&D eligibility is reviewed and you are comfortable, we draft a comprehensive proposal and engagement letter for your review. This document outlines our services, pricing, and the scope of the work to ensure complete transparency. It also includes any terms required to formalise the agreement. Once approved, this step marks the official start of our partnership, allowing us to begin preparing your R&D claim with a shared understanding of expectations.

3. R&D Tax Incentive Application

Preparing an accurate and detailed submission
We work closely with your team during this phase to collect all necessary data and documentation required for your R&D application. Through in-depth consultations, we identify all qualifying activities, expenses, and innovations to ensure your claim is comprehensive. This collaborative process not only captures all eligible costs but also educates your team on R&D requirements, strengthening future claims. We ensure minimal disruption to your team members by only scheduling 1-2 in-depth meetings to collect the require information to prepare your detailed R&D application.

4. R&D Expenditure Verification & Allocation

Ensuring financial accuracy
Our team reviews your company’s financial data for the entire relevant financial year, verifying and allocating expenditure across your R&D projects. We meticulously apportion eligible costs and exclude ineligible expenses using specific apportionment methodologies accept by the Australian Taxation Office (ATO), ensuring compliance with the ATO and AusIndustry guidelines. This step safeguards the accuracy and integrity of your claim, setting you up for a successful outcome. We prepare your final R&D Tax Incentive application with precision, ensuring all supporting documentation is in place. Before submission, you’ll have the opportunity to review and approve the claim, giving you full confidence in the process. Once approved, we submit your application to AusIndustry, completing this key step with accuracy and attention to detail in a timely manner.

5. Company Tax Return Submission

Collaborating with Your Tax Accountants
Once your R&D registration number has been received from AusIndustry, we finalise your R&D Tax Incentive Schedule and work directly with your accountants to incorporate the claim into your company tax return. This ensures the financial benefits are reflected accurately in your submission to the ATO. By collaborating closely, we streamline this process and eliminate common errors and the need for extra effort from your end.

6. Refund/Offset Received

Securing your R&D benefit
The final step is delivering your R&D refund or tax offset. Once your claim is processed and approved, the refund is securely transferred to your nominated bank account. This ensures you receive your financial benefit quickly and efficiently, providing a valuable cashflow boost to support your next phase of innovation
Find out if you’re eligible today

At prmpt. we don’t just help you claim – we help you grow. Our team of expert R&D consultants works with your business to identify opportunities, simplify the R&D Tax Incentive process, and secure the funding you deserve.

We partner with your team to uncover eligible R&D activities, educate staff on recognising innovation, and create a strategy that maximises your claim while saving you time. Every step of the process is designed to deliver fast, compliant, and impactful results for your business.

Ready to unlock your innovation potential? Take the first step now.

What Our Clients & Partners Have to Say

Meet The Team

Your questions answered

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 on eligible activities conducted 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.

  • Your company turnover is $3,000,000
  • You have $1,000,000 in eligible R&D expenditure
  • Therefore you will receive a refundable tax offset of $435,000 ($1,000,000*43.5%)

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.

  • Your company turnover is $22,000,000
  • You have $4,000,000 in eligible R&D expenditure
  • Therefore you will receive a non-refundable tax offset of $1,540,000 ($4,000,000*38.5%)

See our R&D Calculator

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.

Take our R&D Eligibility Test

  • R&D consultants can use their existing knowledge to effectively execute your R&D claim promptly
  • Lodge your claim with confidence that the activities meet the eligibility criteria and the proper due diligence has been performed
  • We have several years of experience in R&D across several industry sectors
  • Avoid distracting your internal team from their core work by having a team of experienced R&D consultants working on your claim in the background
  • De-risk losing company Intellectual Property (IP) that often sits with one employee and leaves the company when they do
  • Use our expert knowledge and advice to maximise your R&D benefit and achieve the highest level of compliance

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.

Visit our Plans & Pricing page to explore more

  • We spend a considerable amount of time ensuring your R&D activities are compliant in relation to the latest guidance and tax legislation.
  • We educate your team by creating an R&D sensitive team culture, ensuring nothing is missed throughout the year, especially concerning R&D application and R and D grants.
  • We engage with you on a regular basis and complete the required work throughout the year as opposed to the traditional once a year catch up that is becoming more heavily scrutinised by the governing bodies. As soon as lodgement dates open we can submit your application to ensure a prompt submission of your tax refund/offset.
  • We maintain the highest level of compliance for your R&D.

Sure!

  1. Ensure you regularly record all R&D activities, develop supporting documentation and have a system for managing throughout the financial year. Don’t leave it to the last minute!
  2. Get scientific! Ensure you develop a strong hypothesis and make it clear what you are aiming to achieve in your experiments using specifics.
  3. Prove yourself! Research that the product, method or development you are creating does not already exist in the market and if it does explain why or how yours is different and developing new knowledge.
  4. When it comes to government grants ensure you answer the question and follow the assessment criteria to the tee. Be concise, do not write emotional responses and only include information about the company/project that is relevant to the grant you are applying for. Having an outsider review your work with an unbiased, non-emotional perspective can increase your chances of success tenfold.

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.

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R&D Tax Refund Calculator

Enter your details for the relevant financial year to calculate how much you could receive in an R&D tax refund.

"*" indicates required fields

Include Aggregate Turnover if your entity is a part of a group of companies.
Enter the amount of your Total Company Expenses that are eligible R&D Expenses (i.e. apportioned wages/salaries, superannuation, contractors, rent, materials, etc.)
Enter your Total Company Expenses that that have been incurred for this financial year.
Can be found in Section 13 of your previous Company Tax Return. If Section 13 does not exist on your Company Tax Return, you likely do not have any Carried Forward Tax Losses.
This field is for validation purposes and should be left unchanged.