About

About Us.

Focused on helping your business succeed.

Since 1988, we've worked with companies of all sizes, and in all industries. We are dedicated to handling all things financial in your business so that you can focus on what really matters to your business. 

We are a full service accounting firm, specialising in helping businesses.

Everyone on our team has the professional qualifications and experience required to give our clients the very best service and advice in all areas of personal and business accountancy. 


We're committed to understanding your business so that we can provide accurate tailored advice.

If you choose to work with us we will visit your premise so that we can better understand your business, your systems, your services, your products and the people who work within your business. All of our services are tailored to meet the diverse phases of your personal and business growth.


We're with you through all the moments.

We're dedicated to standing by our clients through thick and thin. For example, through the COVID-19 pandemic time, we have been proactively working with our clients to help them come through this period strong.

7

Dedicated Professional Accountants

36

Years of operation

The values we've stood by for over 36 years.

These values have helped us provide exceptional service to many successful local businesses.

Our core purpose is to empower businesses to achieve their goals by understanding, respecting and standing by them through thick and thin.

Communication

Communication in the fullest sense (listening, empathising, building trust, proactivity, caring/concern, layman's english and not talking down).

No silos

Clients of the practice will be served by an exceptionally strong team with a broad range of skills.

Embrace Challenges

Tackle difficult things. Don’t shy away. Don’t Procrastinate.

Constantly Innovate

To benefit our clients and the practice.

Practice What We Preach

Trial a new service or idea on ourselves before introducing it to our clients.

Act with Honesty and Integrity

Be open and transparent. What you say, you do. 

MEET THE PARTNERS

PETER AMBROSIUSSEN

Partner

Peter Ambrosiussen is Limited Authorised Representative 1249691 of Merit Wealth Pty Ltd, Australian Financial Services Licence 409361, ABN 89 125 557 002.

Originally from Sydney, Peter started his business in 1985. Prior to this Peter was the Group CFO and

Company Secretary for the international shipping group Wilh Wilhemsen. In 1988, Peter relocated to Toowoomba and expanded the client base in the Darling Downs.


As an accountant for over 40 years, Peter has been the driving force behind the business as it has

continued to develop and adapt to clients needs. He places a high value on having a great team culture.


With a Bachelor of Arts (Economics and History) and a Master of Commerce (Accounting), Peter is a Certified Practising Accountant and Registered Tax Agent. Peter is licenced to advise on Self-Managed Super Funds and an accredited mentor with MBCI (Mentors and Business Coaches International).


Peter is married to Vivienne and has seven children, (4 girls and 3 boys) and 8 grandchildren (also 4 girls and 4 boys). Peter loves to ride his mountain bike on the dirt tracks north of Toowoomba. He and Vivienne love going to West End and enjoy riding around the river, the cafes, plays at QPAC and a visit to Bent Books and Avid Reader.

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SAM WRIGHT

Partner

Sam started at Ambrosiussen The Business Accountants in May 2007 working his way up from

completing work experience to now proudly being a partner in the practice. Working at Ambrosiussens has provided him with an avenue to make a real impact on the lives of family businesses and not-for-profits.


Sam has completed the CPA program, holds a CPA Public Practice Certificate, is a registered Tax Agent, and has completed a dual Bachelor Degree of Business and Commerce, majoring in Accounting, Finance, and Human Resource Management, graduating with distinction. At present, he is partway through a Masters of Business Administration, with a bucket list goal of completing a PhD in the field of small business.


Sam is committed to the strengthening and development of small business by improving the lifestyle of clients, not just the bottom line.


Sam enjoys networking immensely and volunteering his time in community organisations like the Toowoomba Chamber of Commerce, where he is currently a Board member. On a personal level, he enjoys spending time with his wife and three children, playing a round of golf, and supporting the Brisbane Broncos.

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TANIA COLLIE

Partner

Tania joined the Ambrosiussen team in March of 2016 and recently became a partner in the practice. She completed her Bachelor of Commerce degree majoring in Accounting and Finance at USQ Toowoomba. Following completion of her studies she returned home to Roma to work in a public accounting firm for 7 years. From there she went on to running a family earthmoving business in Condamine. In 2015 she decided to move to Toowoomba for her children’s schooling and go back into accounting where her passion lies. Tania has completed her CPA and holds her Public Practice Certificate.


Tania definitely gets a buzz out of helping small business owners achieve their personal and business goals and aspirations.


When she is not working she is spending time with her four children and husband, with most of that time spent on the sideline of a rugby league game.  She enjoys spending her downtime in the garden.

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Meet the team.

We're proud to say we've built a team of experienced, friendly and capable people who are dedicated to helping business owners.

Talk with us

    • Frequently Asked Questions

    Here's some questions we get asked regularly:

    • Is it difficult to change accountants?

      While changing accountants may feel daunting there is a standard process between accountants that make the process straightforward and simple. 

       

      Once you have decided you are going to change accountants it is good to let your current accountants know you are changing.  If you do not feel comfortable doing this your new accountants can prepare an authority letter which is sent to your current accountants.


      With the authority letter is sent a request for financial and tax records and any company and trust records.  The accountants will then pass your records and documents onto the new accountant in a relatively timely manner.  

      This enables a smooth transition from one accountant to another. 


    • What is the best structure to set my business up in?

      Just like a shoe, once size does not fit all, so one structure is not right for everyone.        


      We want to understand your situation. 

      For example: Whether you have assets to protect, in which case a company structure is important.

      A company is also taxed at a low rate and best for keeping income tax low. Currently 26%. 


      If your business is likely to have strong capital growth then a Trust will be important

      If you have dependent children over 18 years old or give to a church or other charitable organisations a trust can enable you to lower your taxable income. 


      While the best structure may be one of these it may also be a combination of both.

    • What is the best way to finance equipment or a vehicle?

      A chattel mortgage is usually the best way because:

      • The security is provided by the asset and not your property.
      • The full amount of the GST can be claimed back.  Whereas with a lease the GST is claimed on each payment. 

    • What things do I need to do if I’m purchasing a business?

      Purchasing a business is exciting and also risky.

      It is important that you do not pay too much for the business.  Many businesses owners have rose coloured glasses and see their business much better than it is.


      The things that are important to do when buying a business is:

      • Talk the prospective business over with an accountant who had experience with the purchase of the business.  The accountant will be able to tell you whether the business looks like pursuing and asking price is close to reasonable.
      • If it is, have the accountant do an appraisal of the business as to what he thinks it is worth and how you may finance it. 
      • Talk to a bank about getting finance. 
      • Engage a solicitor to advise you on the contract and other legal issues
      • Do due diligence. Your accountant will do due diligence on the financial and business aspects.  The solicitor will do due diligence on the legal side. It also works best if you have a solicitor and accountant who work well together and communicate well with you. 

    • Should I set up a self-managed super fund?

      Setting up a self managed super fund can be beneficial if you:

      • Like to have control. 
      • Want to invest directly into assets, such as property or shares.
      • Have at least $250,000 in super so that it is economical to cover the costs associated with a self managed super fund. 
      • It may be a good way to purchase your business premises. 

      It is very important that you get advice from a person that is authorised to advice on super funds to ensure that a self managed super fund in right for you. 


    • Why do I have a taxable profit, but not the cash to show for it?

      This is a common question and concern for business owners.


      The reason that you can have good profits and no cash is that there are two sides to managing the business.  One is the sales and the expenses. The other is money in and money out of the business.


      Money in,  involves such things as having:

      • Good trade policies so that customers pay you on time.  
      • A Business model that enables you to get paid earlier for the work you do.

      Money out:  involves such things as having:

      • Good creditor terms.
      • Managing inventory well, so for example you hold the stock that moves and get in the stock that you seldom sell.
      • Manage what you take from the business personally.  It is best to give yourself a wage when you pay your staff and do not take drawings from the bank account.


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