Auditing and Bookkeeping
CPA’s And BOOKKEEPERS
… are missing opportunities if they aren’t aware of this industry. We used to think that it was only in New York and Los Angeles where the filmmaking was done. Not so, now. A couple of years ago a professor at the University of Tampa’s film department, Tom Garrett, asked me to speak to his students and the local film community. Before going there I put out some blogs in the area with the quote, “Accountants Come Meet Your Film Community”. Over 80 people attended, about 10 of them were students, 6 were local accountants, and the rest were local, active filmmakers! Towards the end of the talk I fielded questions from the audience for the accountants – the accountants happily answered all questions and generated tax/bookkeeping clients, as well as two audits for State Tax Credit certification.
HOT SPOTS OR NOT
Florida doesn’t offer very competitive tax credits; however, this thriving little community of Tampa Bay can turn out 60 people who are actively in the business. So, whether you think you’re in a filmmaking hot spot, or not, check out your local film and television community. I have sent quite a few cast and crew to my personal tax accountant simply because she is familiar with the business – they all needed bookkeeping and income tax services. One producer actually had my tax accountant open a single purpose company for his production, they she did the filing before and after production for the tax credits, the tax returns for the single purpose company, for the producer and his family, etc.
STATE FILM TAX INCENTIVES
Many of the States have some kind of tax incentive to bring film and television production money to their particular State. The simplest site that I have found is at Ease Entertainment – see the video snippet from one of my online courses.
For more info, check out my courses on these topics at http://www.talkfilm.biz