Paul Carrazzo's horse tax talks are resuming in Sydney with his "Sport of Kings" presentation at Inglis Riverside on Friday, June 21, 2024. This event marks his first Sydney talk where attendees can join in person or online, a format previously introduced in WA and QLD talks. The talk will cover hot horse tax topics like ‘Business or Hobby’ and stock write-downs, alongside industry KPI trends. Paul, renowned as Australia's leading Bloodstock Taxation adviser, is known for his seminars, tax writing, and Sky Racing contributions. This talk is essential for you in making informed industry investment decisions.
For more information on this seminar, please visit here.
Carrazzo Consulting is pleased to announce our merger with Baumgartners effective July 1, 2024.
This strategic move aims to elevate service offerings and enhance client experiences by combining expertise in Bloodstock Taxation Accounting with Baumgartners' Chartered Accounting prowess. Clients can expect expanded services, deeper specializations, and access to a broader professional network. Our commitment to excellence and integrity remains steadfast as we set a new standard in the accounting profession. We're excited to seamlessly integrate our expertise into Baumgartners, ensuring continuity of service. David Baumgartner, Managing Partner, warmly welcomes our team, highlighting shared values and commitment to excellence. Learn more at
www.baumgartners.com.au.
Our experts tackle opportunities with creativity, passion, and commitment. You’re on the right track with the caring professionals at Carrazzo Consulting.
We combine the thoroughness and efficiency of large corporate accounting firms with the personalised service offered by boutique firms.
We are pioneering providers of specialised accounting for the thoroughbred sector and have satisfied clients in property, start-up businesses, and high-net-worth individuals.
We make difficult concepts easy for our clients to understand.
We have the experience and knowledge to provide you with the best solutions.
We listen to our client's needs and treat them as unique individuals.
We are invested in our clients and care greatly about your financial well-being.
We help reduce our client's exposure to tax during their lives – and for future generations.
We are strong leaders and tough players, so you win.
We offer a wide range of highly customisable financial advice and solutions built around experience, understanding, and extensive research. We are here to ensure your wealth is protected today – and for future generations.
Carrazzo Consulting is Australia’s leading horse tax adviser and has provided comprehensive horse accounting services to the thoroughbred industry for more than 30 years. We provide a range of tailored services, including business plans, tax audit assistance, bookkeeping, and payroll solutions.
Our property tax knowledge is sought after by many, including negatively geared clients, our CPA Australia representative Paul Carrazzo has many years of experience as an ANZ-sponsored “Buying A Home” resident expert.
Here at Carrazzo Consulting, we believe an accountancy service should contribute to the bottom line. To this end, our team offers cash flow projections, break-even analysis, and budgeting to support business development.
Carrazzo Consulting is an expert in agricultural accounting. We have a passion for farm management, finance applications, and general consulting. With over 25 years of experience working with primary production from every industry sector, no matter how small or large the operation, our years of knowledge will help keep your farm on track.
Carrazzo Consulting provides accountants who specialise in medical practices. We combine the thoroughness and efficiency of large corporate accounting firms with the personalised service offered by boutique firms. Our highly responsive approach appeals to busy successful people who value competent advice that safeguards assets.
We will make sure you comply with all statutory requirements at both state and federal levels – it is our job to keep up with all the legislation. We ensure that you are structured in the most tax-effective manner to be confident that you are not paying more tax than you need to.
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Paul Carrazzo CA is the principal of Carrazzo Consulting CAs. Paul has over 25 years of experience in taxation and business consulting, including three years with the international accounting firm “Arthur Young” (now “Ernst & Young”).
An astute commercial breeder suggested I consult with Paul Carrazzo when I transitioned my breeding and racing interests from hobbyist to a commercial enterprise. As such, I expected to receive first-class structuring, tax, and accounting advice. I am delighted to say that nothing has changed across the five years that I have been working with Paul.
What I didn't expect from Paul and what has made it all the more enjoyable to work with him is his passion for the thoroughbred industry. Whilst structuring, tax planning, and accounting are essential to any commercial enterprise, I must say, being able to speak with your accountant about your horses is unique. He knows them, he follows them, he rides the ups and downs with you that our industry inevitably hands out.
First-class practitioner and first class bloke.
I engaged Carrazzo Consulting to be the accountants for my thoroughbred enterprise in 2006 when I was making the transition from "hobby breeder" to a commercial breeder.
Paul assisted me with the establishment of Bradley Thoroughbreds Pty Ltd. I have always received excellent service from him and continue to engage Carrazzo Consulting to the present day.
Paul Carrazzo has a high degree of expertise in providing accounting services to the professional breeder and ensuring compliance with Australian tax law.
Thoroughbred breeding on a commercial scale involves complex accounting, legal, and taxation issues, all of which Paul has handled to a high standard.
"I have been associated with Paul Carrazzo for nearly ten years, and he was instrumental in the commencement of my bloodstock entity.
His dealings with other legal and financial advisors on my behalf both domestically and overseas have always been professional and seamless.
Paul's passion and enthusiasm for the thoroughbred industry is infectious and along with his regular public speaking, allows him to remain up to date with all the latest financial and taxation issues affecting the industry.
Paul always makes himself available personally, and his team at Carrazzo Consulting has always been professional, proactive, and accommodating.
"At his regular horse tax seminars, Paul shows a positive and happy attitude to accounting and an endearing aptitude for horse tax issues."
Paul, sometimes we go through life not knowing the impact (good or bad) we have on others. I just want to let you know that you have given our vision a massive shot in the arm by your and your staff's professionalism and expertise. Also, I think your blog/website is most informative.
"Paul has been known to me in my role as Managing Director of Matrix Bloodstock for over 10 years. In this time, I have always respected and admired the manner in which Paul has engaged in educating and servicing the thoroughbred industry in all matters relating to taxation advice and consultancy.
More recently we did work together to prepare a detailed response to a review by the Australian Taxation Office addressing compliance matters relating to the company's tax affairs in regards to the bloodstock breeding and racing operation. Paul's knowledge of the industry and well-thought-out approach provided us with relevant background information to confidently submit a well-documented business plan that was supported by industry trends and statistics. Paul's extensive knowledge of pedigrees, stallions fees, broodmare produce, yearling sales results, and the taxation regulations all combine to give a practical approach to any matters requiring clarification.
If you want down to earth, no-nonsense advice, knowing that you can be confident in your business plans and structure going forward, I highly recommend using Paul Carrazzo
I can't thank him enough for assisting us.
"We have been using Paul for our racing and breeding business for over 20 years and this association has been nothing short of amazing. Paul has displayed exceptional skills in all aspects of Thoroughbred accounting and stands out amongst his peers. Initially, he restructured our entities and streamlined our processes. We have been very confident with the knowledge Paul has shown with Taxation matters related to Thoroughbred Breeding. Paul also has an encyclopedia-like knowledge of pedigrees and is always a joy to converse with and hear his knowledgeable opinions.
Any queries from the Taxation office have been handled professionally and to our benefit. We have no hesitation in recommending Carrazzo Consulting to our friends and breeding acquaintances and when we have done so they have all been happy with his services."
I have known Paul Carrazzo for over 20 years and have regularly sought his advice and second opinion on a range of bloodstock taxation issues.
My daughter Emma has often attended Paul’s horse taxation seminars at the Magic Millions, and it has been beneficial to her understanding of our bloodstock taxation affairs.
Paul Carrazzo has been a regular source of horse tax consultancy for my Corumbene operations over the years, especially our business planning, and I value his advice immensely.
I wouldn’t hesitate to refer his taxation services and seminars to serious horse industry investors.
Dear Paul,
As we enter into 2022, 6 years since the incorporation of the Australian Chinese Jockey Club, I write to thank you, on behalf of ACJC, for your support since our incorporation. Not only have you supported us by becoming a member and participating in most of our events, you have also generously provided us with professional advice and updates on various compelling topics in horse tax – this has, in turn, helped a lot of our first-time horse owners in having the confidence in investing in the thoroughbred industry. You have pointed us in the right direction in setting up our first ownership syndicate – The Australian Chinese Jockey Club Million Dollar Racing Syndicate which we still hold shares in two very promising stayers, 2021 Melbourne Cup runners in Knights Order and Sir Lucan.
You are very highly regarded in our community.
Wishing you continued success with your practice and racehorses in the coming years and looking forward to seeing you at our events soon.
Carrazzo Consulting provides high-quality accounting and tax advisory services. Our clients are typically successful, ambitious, and time-poor. They value our smart, practical advice, and trust us to safeguard their interests and assets.
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