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Entertainment Industry

The entertainment industry is unique from other business and is treated by the Australian Government and its representatives (including the Taxation Office) accordingly. This is to encourage not only economic growth but also the cultural benefits that this industry provides.

Listed below are just a few of the concessions that apply only to the entertainment industry:

  • Refundable tax offsets including the Producer Offset, Location Offset and PDV Offset
  • Income averaging for special professionals
  • State-based incentives
  • Payroll tax concessions
  • Film funding grants
  • Performing artists PAYG withholding rates
  • Temporary residents’ entitlement to claim superannuation
  • GST and reverse charge agreements
  • Specific industry deductions available for performing artists
  • Specific double tax treaty clauses with other countries

If your accountant isn’t in the entertainment industry, then you may not be getting the benefit of these incentives!

Logicca has the knowledge and experience to ensure that you take advantage of all the concessions available and leave you to worry only about the creative side of your business.

Our team has been involved in numerous Australian productions and overseas co-productions ranging from small documentaries to large feature films. Our services and expertise have been used at every stage of the production. We work with producers in securing finance, support production accountants during production, and as a Screen Australia approved auditor, we conduct production and QAPE audits, assist in members’ voluntary liquidations and also lodge the final income tax return and QAPE rebate.

Our staff are also members of the Australian Taxation Office Film Industry Partnership Group, providing direct access to high level contacts in Screen Australia and the ATO. We also have existing relationships with other industry specialists including production accountants, lawyers and bankers, with our clients regularly benefiting from these existing relationships.

How can we help you?

We provide advice and assistance with:

  • Assistance in structuring and incorporating the Special Purpose Vehicle (SPV)
  • Tax planning and advice
  • Assistance and lodgement of the QAPE application (where we are not the auditors)
  • Film Production & QAPE audits
  • Members’ voluntary liquidations
  • Tax return preparation with QAPE rebate