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.