Looking for some expert business advice?
Having a profitable business in today’s rapidly changing environment can be challenging.
Our aim is to ensure your business achieves the potential it is capable of. We have the experience and knowledge to offer advice that helps you run your business more effectively.
We are practised in acting as a sounding board for management, bringing a wealth of experience in business growth to the relationship. We can help you identify key areas of improvement in your business, through which you will see positive changes occurring with the help of our professional advisors.
We check that your business is as competitive, focused, and profitable as it can be, then offer flexible strategies, designed to address the issues affecting your business.
Let us give your business a health check. Take the practical advice we can provide to ensure the ongoing success of your venture.
Cloud Accounting Systems
Take the burden out of your bookkeeping with Xero, a cloud accounting system that is revolutionising the way that small businesses manage their finances.
With an easy transition from other programs such as MYOB, our certified Xero advisors can get you started with Xero so that you can enjoy the automatic processes that save you time and effort.
Xero offers 24/7 real-time access from any device with an internet connection, so whether you’re at work, home or out and about, you’ll always have updated and accurate financial information.
- No installation required. If you have a modern Internet browser, you’re good to go!
- Unlimited users for your organisation.
- iPhone & Android apps to invoice, create expense claims and track sales and income on the go
- Streamline your invoicing process to get paid faster
Here at Nicol and Nicol, we’re passionate about helping to improve efficiency and reporting through integrating Xero cloud accounting in businesses.
Business Structuring & Asset Protection
Having the right legal structure for your business is crucial as it impacts on the complex tax implications for your business. At Nicol & Nicol we will consider operating via different structures, including:
- Sole trader
We will work to understand you and analyse the advantages and disadvantages for your business of operating under each of these structures. The correct structure can make a big difference to the future growth and success of your business.
Cash flow Management
Are you holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all your expenses every month?
Surviving in today’s business climate requires you to spend more time working on your business than in it. The team at Nicol & Nicol can provide you with accurate, timely, informative cash flow forecasting reports that enable you to:
- Realise and understand when cash is available
- Plan and prepare for expansion, stock control, and taxes
- Analyse and anticipate key expenses
Equipped with this information, we’ll work with you to develop action strategies that improve your bottom line.
Contact us today on (03) 9852 7000 to speak to one of our team members about the best business structure for your organisation.