Film and Television Tax and Accounting
“Offering a holistic approach to servicing film and television production companies was really important to me in my new firm. Over the years, I experienced companies struggle in areas such as data tracking, tax credit expertise, and the right processes, resulting in delayed tax refunds.”
Film and Television pre-production, post-production and beyond
While our firm has experience across many industries, Tracey’s depth of experience with clients in the film and television industry and her passion for technology automation allow us to offer a unique suite of services to help producers from an idea inception to distribution.
We are constantly building technology tools to quickly convert thousands of lines of data directly into the tax return and accelerate tax refunds. This starts with our standardized chart of accounts, mapping tools, and years of experience to ensure time and costs are minimized. From the development of the financing plan through receipt of tax credit refund, our approach is much broader than just tax credit computations. We ensure overall tax is minimized for the company and its cast and crew both inside and outside Canada.
Our film and Television Services Include:
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Development Through Pre-Production
initial tax structuring services on set up of the production
pre-production/development bookkeeping and accounting services leveraging our standardized chart of accounts, tracking codes, and Xero cloud-based solution
limited procedures performed on the tax credit estimate, recomputation using our data model workflows, and preparation of the tax credit letter.
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Post Production And Beyond
post-production bookkeeping and accounting services including transition back into Xero, tax credit computations, analysis, and adjustments
tax planning as required (deferrals, repatriation, etc)
co-ordination of production cost audit to provide information and respond to questions
preparation of the Corporate Tax returns and forms, HST returns, and other tax filings for the production company
addressing questions through CRA audits, as required
planning the next production!
Other Services:
Bookkeeping and Accounting
Tax Compliance and Tax Accounting
Tax Consulting