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FAQs

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FAQs

Business Advisory FAQs

Clear answers to common questions about business advisory, working with multiple professional advisers and getting independent support when important business decisions need to be made.

Can AdvIQ work with my existing professional advisers?

Yes. AdvIQ can work alongside existing accountants, lawyers, financial advisers and other professionals, helping ensure different areas of advice are considered within the broader commercial situation.

What happens when several different advisers are involved?

Different professionals may naturally approach a problem from their own area of expertise. AdvIQ helps maintain a broader commercial perspective and keep the different pieces focused on the business objective.

Why might I need independent business advice if I already have an accountant?

An accountant plays an important role, but some business decisions extend beyond accounting and taxation. Independent business advisory can consider financial, commercial, operational and strategic issues together.

Can AdvIQ bring in specialists when they are needed?

Yes. Where specialist accounting, taxation, legal, finance, restructuring or other expertise is required, the appropriate professionals can be brought into the process.

Does AdvIQ provide advice Australia wide?

AdvIQ works through a national professional network, allowing appropriate expertise to be brought together depending on the business situation and requirements.

Can I contact AdvIQ before I know exactly what help I need?

Yes. Business owners often know something needs attention without knowing which professional or solution they require. Understanding the situation first can help determine the appropriate next step.

What information should I have available before speaking with AdvIQ?

It helps to have a general understanding of the issue, the business’s current position and what you would like to achieve. Relevant financial or business information can be discussed once the situation is better understood.

Will AdvIQ tell me which option I should take?

The aim is to help you understand the situation, available options, commercial implications and relevant risks so that better informed decisions can be made.

Is AdvIQ’s approach confidential?

Business advisory frequently involves commercially sensitive information. Confidentiality and appropriate handling of business information should form an important part of the advisory relationship.

What happens if my situation requires expertise AdvIQ does not provide directly?

Where another professional discipline is required, AdvIQ can help identify and coordinate appropriate specialist expertise rather than trying to provide advice outside the relevant professional area.