QBCC Annual Reporting on the Gold Coast

Our Services

Auditing — Accountants in Gold Coast, QLD

Lodging Your Annual Report

All Queensland based businesses holding a QBCC Licence are required to submit Annual Reports to the Queensland Building and Construction Commission (QBCC).

 

At SM Rosen & Co, we can assist in the preparation of the QBCC reports together with the Financial Statements that are required to accompany the QBCC annual reporting requirements. We can also assist with MFR reporting for QBCC should that also be required.

 

Need help with your annual report? Contact us on (07) 5520 3544 today. Our Gold Coast accountants and registered tax agents can also assist with bookkeeping, business advisory services and more.

MFR Reports & Declarations

At SM Rosen & Co, we can help you understand and comply with the QBCC’s minimum financial requirements. Your MFR report or declaration must be lodged with the QBCC by an accountant to demonstrate that you meet the minimum financial requirements.

 

If you are a builder or tradesperson, you must have sufficient working capital and net tangible assets to cover your maximum revenue. This ensures that you can complete contracted work and pay your subcontractors and suppliers.

 

The amount of working capital and net tangible assets required will depend on the type and value of work you do. For example, a builder who only does low-value residential work will have different financial requirements than a builder who does high-value commercial work.

 

To find out more about QBCC’s minimum financial requirements, please contact us at SM Rosen & Co. We can help you understand and comply with your requirements so that you can continue to do business in Queensland.

Man Auditing Income Data — Accountants in Gold Coast, QLD

Meeting QBCC Requirements

At SM Rosen & Co, we can assist you with your lodgement and compliance needs. Our Gold Coast accountants are familiar with the QBCC requirements and can help you ensure that you are meeting them.

 

If you run a Queensland based business, it is crucial to understand and comply with the QBCC requirements. 

 

Reach out to us today to set up an appointment with our accountants or visit the QBCC website to learn more about their requirements.

Shake Hands — Accountants in Gold Coast, QLD

Frequently Asked Questions

Yes, all businesses undertaking building work in Queensland must lodge an annual report with the QBCC. This is a requirement for all builders, developers, contractors, plumbers and gas fitters. If you don’t lodge your annual report, you may not be able to renew your licence.

The Queensland Building and Construction Commission (QBCC) is a statutory body that regulates the building and construction industry in Queensland. The QBCC licenses builders and tradespeople, investigates complaints and takes disciplinary action where necessary.

Your annual report does not need to be lodged by an accountant, but you may find it helpful to use one. An accountant can help you understand the financial requirements and ensure that your report is lodged on time. However, your MFR report or declaration must be lodged by an accountant.

An MFR report or declaration is a report that must be lodged by an accountant to the QBCC. This report must be lodged within two months of the end of your financial year. It contains information about your business’s financial position and performance.