Our Services

Business Advisory

Whether you are starting a new business, looking to grow your existing business, or planning to sell your business, you will require the assistance of an experienced adviser to partner with you to maximise your success.

Benefit from Azab Business Advisory acting as your sounding board, assisting you develop and implement strategies to achieve your goals.

Taxation Advice

Tax is likely the largest single cost line in any business, as such it needs to be managed more actively than any other expense. The goal of tax planning is to arrange your financial affairs so as to minimise your taxes.

Tax planning starts with structuring. Today’s decisions or likely inaction can have enormous costs tomorrow.

The challenge is to get congruence between what the business requires commercially and a tax outcome that is advantageous to the Owners ability to continue to fund the building of the business with asset protection now and into the future. Often there is no utopian solution. It is about making informed judgments knowing all the risks/costs/benefits.

As the business evolves it may outgrow its existing structure.

We can advise on:

Establishing a new structure
Reviewing a structure that has been outgrown by your business and personal needs
Restructuring to access commercial and tax opportunities together with protecting assets
Preparing for sale and avoiding unanticipated tax impacts and minimising overall tax costs

Often we do this in consort with your existing tax compliance and legal professionals.

Taxation compliance

Complying with your taxation obligations is a necessary legal evil. We can assist you to attend to your legal obligations with respect to income tax return preparation. It is often when involved in preparation that tax saving opportunities are identified.

We can direct you to other credible more cost effective service providers for Business Activity Statements and Payroll.

Succession Planning

Succession Planning is often the elephant in the room. Inter- generational succession or just planning for when the enthusiasm to drive the business is waning is something we all put off. Phil Clarke has extensive experience in working with families on not only developing solutions but most importantly in their implementation. His experience is that there is no one off the shelf solution, every family situation is different requiring individually tailored solutions.

Governance

Benefit from Phil Clarke’s 30 years’ experience of working with formal boards, advisory boards and Audit Committees. Services include:

Accepting director and Audit & Risk Committee roles
Mentoring and informal Advisory Board positions
Providing advice on best practice governance for your organisation including Board structure and selection

Outsourced CFO

Is your business or NFP at a size where the bookkeeper can only go so far, you need someone to help interpret the information and help you plan, but you are not yet big enough to employ a full time CFO or Financial Controller?

We can help by fulfilling that function on a part time basis. History is that our costs are quickly overtaken by the benefits to your bottom line.

Audit

Audit is a necessary compliance cost. Azab Business Advisory is an Approved Audit Company by ASIC capable of doing audits for:

Private Companies
Not for Profit
SMSFs

Our philosophy is to have experienced personnel including Founder Phil Clarke doing most of the field work. The benefit to your organization is:

Your staff locked up for less time answering “dumb” questions from inexperienced auditors
Whilst auditing standards impose significant testing requirements, experienced personnel will do it more efficiently (less distractions for you)

Experienced personnel will have a better understanding of the business environment and your business and be in a better position to deliver a high quality audit.