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A CPA FIRM WITH EXPERTISE IN THE MEDIA AND ENTERTAINMENT INDUSTRIES

Film Tax Incentives | Credits

Each states film office offers unique tax credit incentives and requires specific compliance procedures and filings. Permissible tax credit allocations are based on detailed processes and filing procedures, with states requiring these filings to be completed by an independent CPA.

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Our services for production companies participating in film tax credits programs include:

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Attest Services

  • Agreed-upon Procedures

 

NonAttest Services

  • Assisting with tax credit program applications and working closely with state film offices (state specific).
  • Evaluating the different state's tax credit offerings to determine the most advantageous incentives for the production company.
  • Compliance with production finance and accounting manuals
  • Cost analysis of third party production service companies.

Consulting

Entertainment Industry Specific Consulting:

Review and analysis of film distribution channels and markets, including licensing agreements, participation statements, revenue share arrangements; Production costs analysis, including reviewing budgets to actual, substantiating budget expenditures; Knowledge of Statement of Position 00-2 – Accounting by Producers or Distributors of Films

 

Production consulting procedures on the records of a production:

Compare actuals to budget; Verify asset acquisition; Verify asset dispositions; Review related party transactions; Review petty cash expenditures; Examine payroll transactions

PRIVACY POLICY

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CPAs, like all providers of personal financial services, are now required by law to inform their clients of their policies regarding privacy of client information. CPAs have been and continue to be bound by professional standards of confidentiality that are even more stringent than those required by law. Therefore, we have always protected your rights to privacy.

 

Types of Nonpublic Personal Information We Collect:

We collect nonpublic personal information about you that is provided to us by you or obtained by us with your authorization.

 

Parties to Whom We Disclose Information:

For current and former clients, we do not disclose any nonpublic personal information obtained in the course of our practice except as required or permitted by law. Permitted disclosures include, for instance, providing information to employees, and in limited situations, to unrelated third parties who need to know that information to assist us in providing services to you. In all such situations, we stress the confidential nature of the information being shared.

 

Protecting the Confidentiality and Security of Current and Former Clients Information:

We retain records relating to professional services that we provide so that we are better able to assist you with your professional needs and, in some cases, to comply with professional guidelines. In order to guard your nonpublic personal information, we maintain physical, electronic and procedural safeguards that comply with our professional standards.

 

Content copyright 2010 – 2020 Brauer & Co., PC

All rights reserved.

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