Specialist accounting, bookkeeping, and BAS for builders, subcontractors, and construction businesses across Brisbane and Queensland. We handle QBCC Minimum Financial Requirements reporting, TPAR, job costing, and the cash-flow pressures that come with progress claims and subbie payments.
We work with builders, subcontractors and tradies, contractors, and developers. The engagement is scoped to your QBCC licence class, your turnover, and how your jobs are run.
We prepare and lodge your QBCC MFR report and monitor net tangible assets, the current ratio, and your maximum revenue through the year, not just at deadline.
Taxable Payments Annual Report prepared from your subcontractor payments and lodged with the ATO on time, fully reconciled.
Xero or MYOB set up with tracking by job so you see true profit per project, not just a single bucket of revenue.
GST treated correctly on progress claims, retentions, and variations, with BAS lodged on time so the ATO is never a surprise.
Award-compliant payroll, Single Touch Payroll, superannuation, and correct contractor versus employee treatment for your subcontractors.
Entity and structure advice for builders, including company, trust, and hybrid structures for tax efficiency and asset protection.
Cash-flow forecasting across your jobs, plus early-warning advice and safe-harbour guidance if the business comes under pressure.
End-of-year accounts and tax returns prepared by the same team that handles your books, BAS, and QBCC reporting. No handoffs.
A call to understand your licence class, the type of work you do, your turnover, and your current accounting setup.
We review your books and QBCC position, flag MFR, TPAR, and GST issues, and prepare a transition plan.
We set up job costing in Xero or MYOB, migrate payroll if needed, and get your QBCC reporting and BAS on a clean cycle.
Monthly reconciliation, job-level reporting, BAS and TPAR lodgement, payroll, and proactive cash-flow and QBCC support through the year.
Building businesses carry obligations most small businesses never deal with. Here is what a construction accountant in Brisbane looks after, and why each piece matters.
We work with residential and commercial builders, trade contractors such as electricians, plumbers, carpenters and concreters, subcontractors moving from sole trader to company, and small developers, across Brisbane, the Redlands and south-east Queensland.
To hold a QBCC contractor licence you must meet the Minimum Financial Requirements. In short, your net tangible assets must support your licence category, your current assets must at least cover your current liabilities, and your annual turnover must stay within your category's maximum revenue.
Year-end decisions affect these numbers. Loans to directors, amounts owed by related entities, and how vehicles and equipment are financed can all change your net tangible assets or current ratio, and some assets may not count the way you expect. We review your position before 30 June, while there is still time to act, not after the accounts are signed.
Queensland's project trust account rules apply to eligible Queensland Government contracts of $1 million or more, and to eligible private sector and local government contracts of $10 million or more. The planned rollout to smaller contracts was paused in January 2025 while the scheme is reviewed.
If you work on a covered contract, the trust account needs its own records, reconciliations and an annual review. We check the current QBCC position whenever you take on a large contract, so you know whether the rules apply before work starts.
Whether a worker is a contractor or an employee depends mainly on the written contract and how the work is actually done, not the label on an invoice. Contractors paid mainly for their labour can still be entitled to super. Getting this wrong builds up super guarantee, payroll and workers' compensation exposure that can surface years later.
Since 1 July 2026, Payday Super requires employers to pay super with each pay run, and the fund must receive it within seven business days. For builders who used to pay super quarterly, that changes the cash flow pattern, and we build it into your forecast.
Builders face timing questions most businesses do not: when a progress claim is income, how retentions are treated, and how much work in progress sits on the books at 30 June. Your GST method also matters. On the accruals basis, GST is generally payable when you issue the invoice, even if the client has not paid.
Developers who build to sell usually hold land and buildings as trading stock, which changes how and when profit is taxed. We set up the accounting to match how you actually operate, so your tax return reflects the real result of each job.
Construction runs on thin margins and long payment cycles, so most building businesses hit a cash squeeze at some point. Acting early matters.
Have a question that is not here? Call 07 3399 2300 or book a consultation and we will answer it directly.
If you hold a QBCC contractor or builder licence, you must meet the Minimum Financial Requirements and report your financial position to the QBCC, with the level of reporting depending on your revenue band. The calculations for net tangible assets, the current ratio, and maximum revenue are usually prepared by a qualified accountant. We prepare and lodge the MFR report and monitor your position through the year so reporting season is not a scramble.
The Taxable Payments Annual Report is due on 28 August each year for the previous financial year. It applies to most building and construction businesses that pay subcontractors. We prepare it from your payment records and lodge it with the ATO, reconciled to your accounts.
GST on a progress claim is generally accounted for in the period the claim is issued or paid, depending on your GST method, and retentions and variations each have their own timing. Getting this wrong overstates or understates your BAS. We set up your accounting so progress claims, retentions, and variations are treated correctly every quarter.
If your net tangible assets drop below the level required for your revenue band, or your current ratio falls under 1:1, your licence can be suspended or your maximum revenue cut. The fix is to monitor the position through the year and act early. We track these ratios for you and flag any issue before it reaches the QBCC.
Yes. We forecast cash flow across your jobs, identify the pinch points, and work through options with you. Where the business is genuinely under pressure, we explain your duties as a director, including the safe-harbour provisions, so you can act before insolvent trading becomes a risk. This is general information, not formal insolvency advice, and we will refer you to a registered specialist where one is needed.
You must register for GST once your GST turnover reaches $75,000 a year, and you can register earlier if you choose. Most builders and trade businesses register, because it lets you claim GST credits on materials, tools and vehicles. We look at your turnover and the clients you work for before recommending when to register.
It depends on your profit, your family situation, and how much risk the work carries. A company limits liability and has a lower tax rate on retained profits. A discretionary trust gives flexibility to distribute income. Many builders use both, with a company trading and a trust holding the shares or assets. We model the options for your situation, including the effect on your QBCC financial position.
Xero is our recommended platform for most construction businesses, with job tracking that surfaces profit by project natively. We are a Xero Gold Partner and also support MYOB and QuickBooks Online, and we integrate with job-management tools where you already use them.
Daily reconciliation, BAS, TPAR, and payroll on Xero or MYOB, set up with job-level tracking for builders.
ExploreForward-looking tax strategy and the right structure for your building business, for tax efficiency and asset protection.
ExploreStrategic advice on pricing, growth, and cash flow for construction businesses ready for the next stage.
ExploreBook a consultation. We will review your current setup, flag the QBCC, TPAR, and cash-flow issues we see, and tell you exactly how we would run your accounting and bookkeeping going forward.