Our Work: Driving Innovation Across Industries

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Expertise That Spans Sectors

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prmpt. partners with businesses across a diverse range of industries, helping them navigate the complexities of the R&D Tax Incentive and government grants. From cutting-edge software development to new manufacturing processes, biotechnology breakthroughs to eCommerce innovations, our expertise ensures businesses in every sector maximise their funding opportunities while maintaining the highest level of compliance.

With years of experience and a deep understanding of industry-specific R&D challenges, we provide tailored consulting services that align with the unique needs of each business. Whether you’re developing advanced aviation technology, pioneering agricultural advancements, or pushing the boundaries in defence and large-scale technology, we help secure the financial support needed to drive innovation forward.

Turning Innovation Into Opportunity

At prmpt., we believe that groundbreaking ideas deserve the financial support to thrive. Our consultants work closely with businesses to identify eligible R&D activities, structure compelling applications, and ensure a streamlined claims process. Whether you’re creating next-generation software, sustainable agricultural practices, revolutionary biotech solutions or ground-breaking technologies, we help turn your innovation into opportunity.

Industry-Focused R&D Expertise

We know that every industry has its own set of challenges, opportunities, and regulatory requirements. That’s why our approach is industry-specific, ensuring that our clients receive customised strategies and expert guidance that align with their sector’s best practices. Our areas of expertise include:

Why Partner With prmpt.?

Explore Our Industry-Specific Services

Click below to explore how prmpt. supports innovation in your industry:

Large-scale Technologies

Large-scale technologies are transforming industries such as infrastructure, energy, aerospace, and telecommunications, driving advancements in renewable energy, smart city solutions, and space exploration. These ambitious projects require significant investment in research, development, and testing, making access to R&D tax incentives and government funding critical for long-term success.

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Biotechnology & Life Sciences

The biotechnology and life sciences sector is leading innovation in medical research, pharmaceuticals and genetic engineering. The R&D Tax Incentive provides vital financial support to companies working on drug development, clinical trials, medical devices and bioinformatics.

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Agriculture & Agritech

The agriculture industry is rapidly evolving, with businesses investing in sustainable farming practices, AgTech solutions, and food production innovations. The R&D Tax Incentive provides essential funding to support crop biotechnology, precision farming, and smart farm automation, helping agribusinesses stay competitive in a changing landscape.

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Software Development

Software development is one of the fastest-growing sectors in Australia, with businesses investing heavily in AI, cybersecurity, SaaS, and blockchain technologies. The R&D Tax Incentive provides essential funding to help software developers push the boundaries of innovation, reducing financial risks while accelerating product development.

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Manufacturing

Manufacturing is at the core of Australian industry, with businesses continuously optimising processes, integrating automation, and developing new products to stay competitive. The R&D Tax Incentive rewards companies investing in cutting-edge manufacturing techniques, material advancements, and sustainable production methods, ensuring they receive critical financial support to drive innovation forward.

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We help businesses unlock R&D tax incentives & government grants with ease. Reach out today, and let’s explore how we can support your innovation

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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, 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.

  • 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.

Feel free to contact us for a quote.

  • 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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The R&D Tax Incentive and Government Grant Experts & Consultants
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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.

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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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