Business Advisory Services for Australian Businesses

Running a business means that every day brings a new financial decision that you’re going to have to make. When those decisions have to be made, there are a lot of factors in play. Maybe you’ve just started out, or maybe you’ve been doing this for years. Either way, it’s no secret that building your business for success means taking various elements into consideration. Moving parts like business structure, tax planning, profitability, and more can all affect how your business is going to grow down the line. Things could go wrong, things could go just fine, or things could go great.

At Nicol & Nicol, we work tirelessly to give advice that helps our clients ensure that their businesses are going great. From our base in Richmond, we extend support to businesses across Melbourne and Victoria and Australia wide. We equip business owners with practical, relevant guidance, grounded in financial expertise and experience. If you’re ready to position your business for long-term success and profitability, look no further than Nicol & Nicol.

Business Advisory Services Focused on Financial Performance

The advice we give business owners focuses on the financial end of running a business. You could have all the numbers ready, but those figures don’t mean much without the strategy and decision-making to turn that data into something that can help your business grow. That’s why we at Nicol & Nicol is here to assess what you’ve got, and pinpoint where your business is thriving, and especially where it stands to improve.

What Sets Us Apart As a Business Consultant in Melbourne?

Nicol & Nicol isn’t a business or general management consultant. Our finance-led approach to business strategy and advice draws on expertise that blends account, taxation, and financial planning. The numbers behind your business are what ground our advice. This means that for every business decision you have to make, our advice can paint the full financial picture for you so that you’ve got all the information you need.

Business Structuring Advice for Long-Term Growth

Running a business means you’re in it for the long haul. Over time, every little thing can add up to how things are going to turn out. The way your business is structured directly affects tax, ownership, asset protection, and long-term growth. These things are often not set in stone, either, and navigating changes and developments in your business structure becomes crucial to remaining steady and continuing growth. That’s why we provide business advisory services that help owners firm up their business structure and determine whether what they’ve got is still working or if something needs to change.

Our advice on these matters covers arrangements with companies, trusts, partnerships, SMSFs to name a few. When you partner with Nicol & Nicol, you’re setting up for both the present and for what comes next.

Profitability Planning and Business Profitability Advice

Profitability planning takes a look at your bottom line, pinpointing the factors affecting it, and looks for improvement opportunities. The way Nicol & Nicol does it is to thoroughly review margins, costs, performance, and related factors. By assessing these accurately, we can advise you on reducing your costs, and more importantly, on sustainably maximising profit.

Business Tax Planning and Company Tax Planning

Business Tax Structuring

Business Tax Planning

We provide business tax planning and company tax planning that help you understand how changes in your business's overall structure may affect your business tax.

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Business Cash Flow Management Services

Nicol & Nicol provides advice on cash flow management so that our clients can better understand the cash coming in and going out. We’ll review income and expenses, forecasts, and help you plan how to fund what you need moving forward.

Business Growth Planning and Supporting Business Growth

Growth is always a good thing, but Nicol & Nicol understands that with it comes a responsibility to see how it affects your overall business structure. We give advice on how to handle growth when considering expansion, financial capacity, risk, and more. You don’t want to bite off more than you can chew, and we’re here to make sure that you handle your growth in a sustainable way.

Integrated Business Advisory Services Across Accounting, Taxation and Financial Planning

We’ve talked at length about the components of our business advisory services. The essential next step for us at Nicol & Nicol is to bring all of that together, connecting these so that you’re able to proceed with your decisions with a full view of your business and financial position.

Business Advisory Services FAQs

  • Business Advisory includes optimising legal and tax structures, business restructuring, business acquisitions and business sale transactions and strategic planning

  • Yes - we not only offer and provide Business Advisory services to our clients based in Melbourne, but Australia-wide. We pride ourselves on not only looking at the numbers and tax compliance, but the strategic direction of the business as a whole

  • Yes - we provide Business Advisory services to clients in Melbourne, Victoria and across Australia

  • Yes - we offer consultations to many businesses in Melbourne and across Australia who value a strategic finance partner to support their business growth and profitability

  • We take the time to understand the needs of the business owner, their family structure and the business operations. We then tailor a solution to meet the owner’s specific needs and budget, in order to optimise their tax position and minimise personal risk exposure.

  • Yes - we work with our clients to analyse and identify areas of profitability improvements and managing cashflows and budgets

Speak With Nicol & Nicol About Business Advisory Services

Make financial decisions for your business with the confidence of knowing you’re working with a team that gets the whole picture. Partner with Nicol & Nicol for business advisory support.