- Unit 25, 42 Bundall Road, Bundall QLD 4217
- | Mon to Fri 8:30am to 5:00pm
- hello@elev8ba.com.au
- 0425 609 720
Specialist accounting, tax, and advisory services for construction and property professionals.
Identify profit leaks, improve job margins, and gain clear visibility over cash flow with better reporting and forecasting.
Receive practical guidance on hiring, expansion, pricing, and business decisions to support sustainable growth.
Ensure your business structure aligns with your growth plans while helping protect assets and manage risk effectively.
Stay compliant with expert management of tax returns, BAS, payroll, STP reporting, superannuation, FBT, and ongoing tax planning.
Financial statements, tax returns, BAS, payroll reporting, STP, payroll tax, FBT, QBCC MFR reporting, and superannuation.
Preparation and lodgement of Fringe Benefits Tax returns where required.
Sole trader structures are simpler and cheaper to run, but they offer no separation between your personal and business assets – everything you own is exposed if something goes wrong. A company structure adds protection and can reduce tax once profits reach a certain level, but comes with higher compliance costs and more obligations. The right choice depends on your income level, growth plans, asset protection needs, and long-term goals. This is one of the most important decisions to get right early.
Generally yes, provided they’re used for business purposes. Tools used exclusively for work are typically fully deductible. Vehicles are more nuanced – if a vehicle is also used privately, only the business-use portion is deductible, and keeping a logbook is the most reliable way to substantiate that claim. The ownership structure also affects how and when the deduction is claimed.
When you’re consistently turning away work, extending lead times significantly, or spending time on lower-value tasks that someone else could handle. But hiring before the cash flow is ready is a common and costly mistake. Before committing, we help you model the actual cost – wages, superannuation, workers’ compensation, leave entitlements – and confirm the business can comfortably support it.
At minimum, quarterly – ideally monthly once you have employees or are running multiple jobs simultaneously. Year-end reviews are too infrequent to catch problems while they’re still manageable. Regular reviews also make tax planning far more effective, because there’s still time to act on the numbers.