Recent Blogs

The High Court has delivered bad news for Victorian gaming operators, today overturning previous decisions of the Administrative Appeals Tribunal and Federal Court that fees paid for gaming machine entitlements (GMEs) are a general deduction in full in the income year incurred, or, alternatively, able to be written off over 5 years as capital expenditure. […]

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On 24 July 2019, the Government introduced legislation to enact the Federal Budget denial of tax deduction for vacant land integrity measures. Property developers, property investors and primary producers will need to review the landholding usage, contractual arrangements and business plans to ensure tax deductions are not denied from 1 July 2019. Federal Budget On […]

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Deduction of Gaming Machine Entitlement Expenditure

Gaming

The Commissioner has successfully sought special leave to appeal the decision of the Full Federal Court in Sharpcan P/L [2018] FCAFC 163, which had confirmed that gaming machine entitlement fees are a general deduction in full in the income year incurred, or, alternatively, a capital deduction over 5 years. Prior to 13 July 2016, the […]

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Health Clinics – Time for a Payroll Tax Check-Up?

Payroll tax

The Victorian State Revenue Office (VSRO) has been auditing and litigating against health care clinics, such as doctor, optometrist and radiologist clinics, over payroll tax liabilities. Payroll tax is levied on the Victorian wages (or deemed wages) payable by an employer (or group employer) to the employees (or deemed employees and designated contractors) if the […]

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There is good news for Victorian gaming operators with the Full Federal Court confirming in a recent case that gaming machine entitlement fees are a general deduction in full in the income year incurred, or, alternatively, a capital deduction over 5 years. Prior to 13 July 2016, the ATO accepted that gaming machine entitlement fees […]

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I’ll admit to the glamorisation of the role of a legal practitioner following television shows such as “Suits”. Let me tell you; being a lawyer is nowhere near as glamorous as the role portrayed by Harvey Specter’s character, but sometimes I think that some tax agents also think of themselves as glorified lawyers, especially when it […]

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Tax Agent Tsunami Warning!

ATO Tax Agents

A recent newspaper article caught my eye. Apparently, the ATO, working together with a federal government specialist team in behavioural economics targeted 2,000 tax agents, sending them a letter that specifically named taxpayers who were lodging tax returns claiming higher than expected work-related expense claims. This seems to be more of an experiment more than a […]

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