QBCC Accountants
We navigate the numbers, so you can focus on what you do best.
We handle complex accounting requirements
For builders and construction companies, having reliable QBCC accountants is crucial. Our role as QBCC accountants is to simplify the financial aspects of your construction business and work with you to ensure you stay compliant.
We understand the ins and outs of QBCC compliance and offer expert guidance to keep your business running smoothly. Our dedicated team ensures that your financial reporting is accurate and up-to-date, allowing you to focus on growing your business and delivering top notch projects without the stress of navigating complex accounting requirements.
MEANINGFUL SUPPORT
Expert advice and support without the hassle
How does our team provide seamless solutions you can count on?
We believe in cutting through the complexity, providing you with meaningful numbers and personalised guidance that truly matters to you. When you choose us, you can expect:
Easy to understand financials
Clear communication without confusing jargon
Consistent and reliable support
Tailored guidance addressing your unique needs
No hidden fees – transparent pricing
Easy to understand financials
Say goodbye to confusing numbers
Imagine having a team of QBCC accountants who get your business and explain finances clearly. Our goal is to simplify your financial world. We use your preferred communication styles and offer clear, understandable information. With timely, easy-to-digest financial insights and a proactive stance, we ensure managing your finances is straightforward and stress-free.
The people who make it happen
- Loyal, long-standing team
- Big enough to deliver, small enough to genuinely care
- Friendly, proactive team that feels like an extension of your business
Client Success Stories
What our clients have to say
You’re busy running your business, we get it. Let us transform your financial data into meaningful insights. Contact us today.
You're busy running your business, we get it
Let us transform your financial data into meaningful insights. Contact us today.
Office Address
8 Otranto Ave, Caloundra QLD 4551
Phone Number
07 5492 0300
Business Hours
Mon-Thurs: 8:00am - 4:30 pm
Friday: 8:00am - 2:00pm
FAQs
What is the QBCC, and why do I need a QBCC‑accredited accountant?
The Queensland Building and Construction Commission (QBCC) regulates builders and contractors across Queensland, including the Sunshine Coast. If you hold a QBCC licence, you’re required to meet ongoing financial and reporting obligations. A QBCC‑accredited accountant understands these rules in detail and prepares your financial reports to QBCC standards, not just standard tax requirements.
Can you submit reports for me through the myQBCC portal?
Yes. Our services cover preparing and lodging your QBCC financial reports through the myQBCC portal on your behalf. This includes reviewing your financials, preparing MFR reports, checking licence thresholds, and ensuring all supporting documents meet QBCC requirements before submission.
What if I miss the QBCC reporting deadline?
Missing your deadline can lead to warnings or suspension. We help lodge overdue reports fast and work with the QBCC to get your compliance back on track.
How much does it cost to hire a QBCC‑specialist accountant?
At Wardle Partners Accountants & Advisors, we offer fixed and upfront pricing depending on your licence category, business structure and reporting complexity. Contact us for more information.
What does a QBCC accountant do for builders?
A QBCC accountant helps builders meet their Queensland Building and Construction Commission (QBCC) financial requirements. That means preparing the right financial reports, checking your key ratios, and making sure the financials stack up to meet the financial requirements of your QBCC licence.
It also means working with you to plan for growth and monitoring your key financial ratios in advance so that there are no nasty surprises when it comes time to lodging your annual QBCC reports.
For builders, cashflow can move quickly from one project to the next. Having someone who understands the building industry can help you avoid last minute pressure, incomplete paperwork, or reporting issues that could affect your licence.
What are the QBCC Minimum Financial Requirements (MFR)?
The QBCC uses Minimum Financial Requirements to check that builders and contractors are financially stable enough to operate in the industry. It’s not just paperwork, it’s about proving your business is strong enough to withstand normal industry risks and protect consumers
What financial checks does QBCC use to assess my business?
- Your net tangible assets
- Your current ratio
- Your maximum allowable revenue compared to actual revenue for the year
What is my Maximum Allowable Turnover
The QBCC Maximum Allowable Turnover is the highest amount of construction and other income a licensee can generate in a 12-month period, based on their net tangible assets (NTA) held at either the time of applying for the QBCC licence or when submitting the latest Minimum Financial Requirements Report. It acts as a safety measure to ensure contractors have sufficient capital.
What are my Net Tangible Assets
Net tangible assets (NTA) is the balance of the following
- total assets of a business
- less any intangible and disallowed asset such as
- goodwill, patents and trademarks
- boats, jet skis, planes, helicopters, race horses, recreation vehicles, personal furniture
- accounts receivable more than 180 days old
- less all liabilities.
What is the current ratio and what does it tell the QBCC about my business?
Your current ratio is a key measure that the QBCC uses to assess the financial viability of your business.
Current ratio = Current assets / Current liabilities
It is a QBCC requirement that your Current Ratio is at least 1 to 1, meaning that your current assets are equal to or higher than your current liabilities.
Current Assets are assets that are or will be converted to cash with in 12 months. Examples are cash at bank, accounts receivable, stock on hand and work in progress.
Current Liabilities are liabilities of the business that need to be paid within 12 months. Examples are, accounts payable, ATO debts, credit cards, loan repayments to be made within the next 12 months, and employee obligations including superannuation.
A healthy ratio shows QBCC that you can pay your debts as they fall due. Builders often experience cashflow swings, so this figure needs to be monitored throughout the year, not just at reporting time.
What can cause problems with QBCC financial requirements?
- Having turnover for the financial year that is greater than what is allowed for your licence
- Overall business assets decreasing and/or liabilities increasing
- Current assets being less than current liabilities ie Current Ratio less than 1 to 1
What is involved in QBCC annual financial reporting?
Annual reporting is your opportunity to confirm to the QBCC that you still meet the QBCC’s financial requirements. This involves submitting and Annual Reporting Form detailing the businesses turnover for the previous financial year along with details of the assets and liabilities of the business at 30 June. QBCC categories 1 to 7 are also required to submit financial statements for the year ending 30 June, including Profit & Loss, Balance Sheet, Statement of Cashflows, Accounts Receivable and Accounts Payable reports.
Working with your accountant, especially prior to 30 June can help in ensuring that you meet the QBCC financial requirements making annual reporting straightforward rather than stressful.
When do I need to lodge my QBCC Annual financial information?
Lodgement dates depend on your licence category.
Categories 1 to 7 are required to submit their Annual Reporting Form by 31 December
Self Certifying Categories SC1 and SC2 are required to submit their Annual Reporting Form by 31 March
Missing deadlines or lodging inaccurate figures can create unnecessary risk, possibly resulting in licence suspension, so planning ahead is important.
Can my accountant lodge my QBCC report for me?
Yes. A registered accountant can prepare and lodge your QBCC Annual Report on your behalf.
Working with someone who understands both QBCC rules and the building industry, like Wardle Partners Accountants & Advisors, helps ensure your figures are complete and accurate before lodging the information to the QBCC. The accountant can also let you know in advance if your figures don’t meet the financial requirements and maybe able to assist with corrective action to ensure there are no nasty surprises.
