Tradies & Construction

The sheer volume of receipts and accounts for the building products and services you use can be overwhelming. It’s time consuming to manage and if they get out of hand, your cashflow, profit and the amount of GST and tax you’ll pay should you fail to invoice your clients or claimed GST and tax deductions will all be adversely affected.

We can put together a package for you where we:

It’s important to understand how the ATO views contractors and subbies. If the conditions of work are more in line with an employee, you will be required to fulfil obligations including PAYG tax and super guarantee payments, Work Cover and attend to Queensland Building and Construction Commission (QBCC) matters.  We can advise you of your tax, payroll, and superannuation obligations.

It’s not just about meeting your tax obligations and knowing the legitimate tax deductions available to tradies and the construction industry. Our approach to tax is about getting it right at the start, looking at your structure and putting efficient systems in place, so you can achieve genuine tax advantages and better outcomes for your business. We can also help you make the most of available deductions for tools, work wear, boots and protective clothing, motor vehicles and their running costs, storage sheds and office facilities, insurances.

We’ll help you to understand your financial reporting so that you know where you are financially.  This will allow you to better manage your business, cash flow and expenses. We also provide advice about your QBCC obligations, prepare returns and assist with audits.

We can assist you to implement and manage your employee Super Stream requirements. However, it is well known that tradies and small business owners generally, often fail to regularly contribute to their own retirement savings.  We can advise you on and implement an appropriate superannuation structure that will allow you to save for your future in a tax effective environment.