레이블이 Ottawa Accounting Consulting인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Ottawa Accounting Consulting인 게시물을 표시합니다. 모든 게시물 표시

2013년 11월 28일 목요일

About 'accounting firms in ottawa'|[Coweta Arts Tidbits] NCAA Artist of the Month For July Announced; Feenaghty To Display Paintings In Newnan City Hall







About 'accounting firms in ottawa'|[Coweta Arts Tidbits] NCAA Artist of the Month For July Announced; Feenaghty To Display Paintings In Newnan City Hall








If               your               production               in               film,               television               or               digital               animation               requires               financing               then               Film               Tax               Credits               in               Canada               are               solid               ways               to               augment               your               overall               finance               plan.

In               order               to               finance               your               credits               your               tax               credit               certificates               must               of               course               qualify               for               Canadian               content               in               the               appropriate               categories               and               must               satisfy               the               rules               set               out               by               Ottawa               and               your               province               relative               to               personnel               and               production               costs.

In               the               last               couple               years               the               government               has               made               a               commendable               effort               to               streamline               the               application               processes               for               film               tax               credits               and               we               must               remind               readers               that               these               credits               apply               equally               to               the               television               and               digital               animation               areas.


               In               the               digital               animation               areas               you               might               also               be               eligible               for               SR&ED               credits               under               what               is               known               as               the               Scientific               Research               and               Experimental               Development               program.

This               is               without               a               doubt               Canada's               largest               program               for               tax               credits,               far               surpassing               the               film,               TV               and               animation               area
               Financing               of               productions               can               be               very               traditional               or               very               creative,               but               without               a               doubt               tax               credits               can               play               a               key               role               in               either               total               finance               strategy.

Typically               productions               are               financed               in               the               following               manner:               Non               studio               producers,               i.e.

the               independents               arrange               distribution               and               pre               sales               of               the               project.

Typically               you               are               entering               into               an               agreement               to               give               the               other               party               the               rights               to               display               your               production               via               TV,               DVD,               etc               in               that               particular               geography.

Many               pre               sales               budgets               we               have               seen               show               a               best               case               and               worst               case               pre               sales               scenario.

The               pre-sale               financing               are,               in               effect,               promissory               notes               to               your               special               purpose               entity               for               this               production.

The               next               financing               challenge               is               to               'finance'               those               promises               to               pay               for               a               number               of               different               finance               entities,               including               banks,               specialized               firm               finance               firms               in               Canada,               etc.

In               Canada               2               or               3               of               the               nations               banks               are               somewhat               actively               involved               in               this               area               -               while               others               shun               the               industry               as               too               high               risk               for               traditional               lending.
               You               of               course               are               also               required               to               post               a               completion               bond               covering               cost               over               runs               and               the               ultimate               completion               of               your               project.


               Film               tax               credit               financing               is               one               of               the               final               elements               of               your               overall               finance               strategy.

Your               tax               credit               is,               in               Canada,               in               essence               a               government               subsidy,               so               why               shouldn't               you               take               advantage               of               it.

Tax               credits               finance               a               very               large               part               of               what               is               known               in               the               industry               as               the               'below               the               line               'budget.

These               are,               in               effect,               your               actual               production               expenses.


               You               therefore               must               ensure               your               production               qualifies               for               the               right               expenses,               and               typically               those               are               validated               by               an               accountant               or               firm               with               entertainment               accounting               experience.

By               utilizing               a               Canadian               actor               component               ,               as               well               as               technicians               and               other               resources               you               have               set               your               project               up               to               both               qualify               for               the               tax               credits,               and,               then               more               specifically               to               cash               flow               or               sell               these               credits               .
               In               order               to               finance               your               credits               you               should               have               an               overall               finance               plan,               and               a               strategy               for               the               equity               and               debt               components               of               your               production.

Validate               your               budgets               and               ensure               your               productions               have               the               required               'points'               in               order               to               qualify.

Film               tax               credits               can               be               financed               on               filing,               or,               more               popularly,               as               you               spend               funds,               which               are               then               re               imbursed               via               the               tax               credit               financing.


               Speak               to               a               trusted,               credible,               and               experienced               film               tax               consultant               around               your               ability               to               maximize               and               capitalize               on               this               critical               strategy               within               'Hollywood               North',               aka               Canada!






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