P&L Accountants

P&L Accountants Springfield Lakes, Ipswich, QLD is in the category of Accountants Offering Self Managed Super Funds (SMSF), Tax Planning, Accounting.

Additional services by P&L Accountants are PAYG Tax Returns, MYOB / Quicken Bookkeeping, Wealth Management, Business Activity Statements Preparation, Capital Gains Tax, GST / BAS Returns.

Contact P&L Accountants to ask question about our services.

Paula Rizqallah
Director, B.Com (Acct,FPlan)
Tax agent, CPA Public Practitioner
NTAA Member

Paula is the director of P&L Accountants and comes from a strong commercial background. She originally started her career in the accounts department for a small horse transporting company while she completed her double degree in Accounting and Financial Planning. She was accounts manager for 5 years before she left to better utilise her accounting degree in public practice.

From there she joined a small accounting practice in Springwood, and quickly moved up to 2nd in charge. Paula’s duties involved managing the self-managed super fund administration and compliance division, working with small businesses with effective tax planning strategies, and looking after the higher profile clients and managing their investment portfolio taxation and CGT issues.

Paula has high attention to detail, and is able to think outside the box to formulate effective business and personal taxation strategies whilst working within the legal framework. Paula ensures that her understanding of current tax laws and strategies are continually updated to ensure that she can offer the very best service to her clients.

Over the years Paula has built a large network of contacts, with other professional advisors. She can connect you with a range of financial planners, auditors and lawyers to ensure that you are getting the very best service for every aspect of your financial needs.

For more information on Paula, please see her professional Linked In Account here –

Amy Main
Administration

Amy joined the team at P&L Accountants in January 2016. Amy’s bubbly personality and ‘can do’ attitude makes her the perfect addition to our growing team. No task is too big or too small for Amy, and she tackles all challenges head on. Amy comes from a strong customer service background, with high attention to detail and impeccable organisation skills.

Services

Tax Planning
We take a pro-active approach to work with our clients to conduct end of year tax planning before 30 June. This gives clients an insight into their likely tax situation before hand as well as to plan ahead for the coming year to give them the best returns possible.

Taxation
We prepare income tax returns for companies, trusts, self-managed superannuation funds, and individuals. We can also prepare Fringe Benefits Tax Returns where required. We also prepare all relevant schedules that may be required within your income tax return. For example rental property schedules, Capital Gains Schedules, and small business schedules.

GST/PAYG/FBT
We can prepare your monthly or quarterly Business Activity Statements (BAS) or your Instalment Activity Statements (IAS) for you. Although, we understand that this is not of everyone. We also offer training where we work with you to teach you how to prepare them yourselves to make you more accountable to your business. We believe this gives you a better insight into how your business is performing, and we are only involved in the end of year tax planning and review stage. Feedback from clients indicate that this is the preferred method.

Capital Gains
Selling your business and concerned about the potential capital gains tax implications? This is a complex area, and the laws surround this can be very confusing. We specialise in working with small businesses and reviewing the SBE Concessions eligibility when selling a business to achieve the best possible results for our clients. Engaging an accountant specialising in this area can see your life long business investment pay little to no tax.

We also prepare capital gains schedules for the disposal of investment properties, shares, managed funds and other investments.

Accounting software assistance in XERO and MYOB
Our staff are qualified and experts in Xero & MYOB. While we can work with any software that you use, we also offer training assistance with Xero and MYOB. The benefit of using accounting software in the cloud is that your accountant can help you out during the year without the need for posting or emailing back-up copies of accounting files. Issues can be handled promptly (usually while you are on the phone to us), and feedback can be given as to the correct way of handling future issues.

Financial reporting for all entities
Too often we see short cuts being taken. If you are a Trust or a Company you are required to have a statutory set of financials. We will ensure that all your compliance needs are met with a full set of financials, including annual minutes each year, when your tax returns are completed.

SMSF administration
We are specialists in the area of superannuation and offer complete SMSF administration. We work with state of the art software, and utilise technology where possible. Our software provider (BGL) allows us to receive your data through bank feeds; contract note downloads and share transactions instantly without the need for you to provide original source documents. We do not outsource any of our work, and all work is completed in house by our own experts. We believe that your work should only be completed by the people you engage, and we have made a promise to our clients that we will not outsource to other countries.

ASIC Registered Agent
Selling Shares within your company? Changing Directors and not sure what forms you need? We can prepare all the necessary documents required to complete these actions effectively and legally. We can also submit them to ASIC on your behalf within the required time-frames to ensure that your ASIC compliance needs are met.

Business Valuations and Due Diligence
You would never buy a second hand car without a roadworthy, so why would you buy a business without a history check? Whether you are buying a business or selling one, it’s a good idea to conduct a business valuation. We can offer comprehensive analysis of your potential purchase and highlight any concerns identified. We also value the potential business and compare against the asking price to allow you to make an educated decision on the business under review.

Limited Financial Planning Advice (restricted to SMSF’s)
As we specialise in self-managed superannuation funds and providing tax advice, the recent removal of the Accountants Exemption as of 30 June 2016 was detrimental to us. As a result we have recently increased our licensing to allow us to provide advice in the areas of salary sacrifice, pensions, Limited Recourse Borrowing Arrangements and to provide assistance in the set up and wind up of an SMSF.

New business setups and restructuring
Too often we see clients with the wrong structure for their business. This can result in larger than normal compliance fees (too many entities), hidden costs, high tax bills, and open the client up to litigation if trading under the wrong entity, or using the wrong ABN. Most clients aren’t even aware of the type of structure they have, and why they have that structure. We are advocates on client education. We will review your business structure and provide advice on our recommendations. We will also discuss with you why this structure is the best structure for your business needs. We can also set up your new entity on your behalf, and make the whole process as easy as possible.

Reviews

“Bloody Brilliant, I’ve been using Paula as my personal and business accountant for over 4 years and I don’t even live in the same state. She takes care of any tax related issues I come across 10x faster than I ever could. Can’t recommend P&L Accountants enough!”

“Paula and her team are amazing! Full of knowledge and very helpful. It’s so great to have someone that will take the time to explain things in terminology that I can understand.”

“Highly recommend Paula and the team for their friendly and knowledgeable service.”

“Its great to find an accountant that actually tries to get the best result for you. Most others are only there to meet the minimum requirements.”

“Paula’s always available to answer any of my questions (there are ways so many). Fast reliable friendly service! Highly recommend to anyone and I do often!!!!!”