Unlocking the power of innovation for your business.
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.
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 tailored 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.
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.
At prmpt, our mission is to empower Australian businesses to access critical funding opportunities through the R&D Tax Incentive and other government grants and incentives. We are passionate about enabling innovation and ensuring that every eligible business, regardless of size, can unlock its full potential. By simplifying complex processes and providing expert guidance, we make it easier for companies to secure the financial support they need to bring groundbreaking ideas to life.
Beyond helping individual businesses succeed, we are committed to fostering a culture of innovation in Australia. We aim to contribute to raising the national R&D investment as a percentage of GDP to levels comparable with other OECD countries. By championing research and development, we help create a thriving ecosystem where Australian businesses can innovate, compete, and succeed on a global stage.
At prmpt, we are not just consultants, we are partners in your growth. Every R&D claim we support and every grant we help secure is part of our mission to drive meaningful progress, one innovative project at a time.
Our vision is to become Australia’s leading R&D tax advisory firm, known for delivering exceptional value, simplifying complex processes, and driving innovation. We strive to make the R&D Tax Incentive accessible to all Australian businesses, from start-ups to established enterprises, ensuring no eligible company is left behind.
We aim to redefine the R&D experience by offering a comprehensive, end-to-end solution that is both detailed and efficient. By streamlining the process and maintaining the highest level of compliance, we ensure our clients can focus on what they do best, innovating, while we handle the complexities behind the scenes.
At prmpt, we believe in leveling the playing field for Australian companies. Our vision is to empower businesses of all sizes to access the support they need to grow, thrive, and contribute to a brighter future for innovation in Australia. By consistently delivering results and fostering long-term partnerships, we aspire to set the standard for excellence in R&D tax consulting nationwide.
In 2020, Josh Lumley, a seasoned R&D Manager and CFO with over 12 years of hands-on experience, founded prmpt. with a bold vision: to transform how Australian businesses approach the R&D Tax Incentive. Having witnessed the struggles many founders, directors, R&D Managers, CFOs, and CEOs faced when navigating R&D compliance, documentation, and expenditure apportionment, Josh knew there had to be a better way.
For years, the R&D Tax Incentive carried a stigma of complexity – a daunting, year-end task that consumed weeks of valuable time and resources. Josh believed this process didn’t have to be so cumbersome. His goal was to break that stigma by creating a system that simplified the process, enabling businesses to focus on their innovation without being bogged down by administrative hurdles.
Josh’s expertise was born out of firsthand experience in Research & Development, spanning industries from eCommerce and software to large-scale technology products and prototypes, particularly in the transport industry. During his tenure, he not only navigated the challenges of managing R&D internally but also worked alongside some of Australia’s largest R&D consulting firms. Through these experiences, he gained invaluable insights into best practices for structuring R&D applications, ensuring compliance, and accurately representing companies’ investments in innovation.
In June 2020, Josh decided to turn his vision into reality. Drawing on his extensive knowledge and industry experience, he launched prmpt, hitting the ground running. The company quickly onboarded a diverse range of clients, empowering them to access the R&D Tax Incentive with confidence and clarity. Many of those early clients remain with prmpt. today, a testament to the trust and value the company delivers.
As prmpt. grew, so did its commitment to innovation. Recognising the need for a more proactive approach, the company introduced a monthly R&D consulting model, eliminating the year-end scramble and creating a seamless, ongoing process for clients. This model allowed businesses to capture their R&D activities in real-time, ensuring compliance, maximising claims, and saving countless hours for their teams.
To support this innovative approach, prmpt. began hiring experienced R&D consultants from a variety of industries and sectors. This diverse team brought new perspectives and expertise, enabling the company to provide tailored solutions to clients across Australia.
Today, prmpt. continues to build on its mission of simplifying the R&D process. With cutting-edge systems, client-focused processes, and a relentless drive to deliver tangible financial results, prmpt. has become a trusted partner for businesses looking to turn their ideas into commercial success.
The story of prmpt. is one of passion, innovation, and a commitment to excellence, values that continue to guide the company as it helps Australian businesses unlock their full potential.
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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