Unlike other providers, we charge a flat fee per production. This will help you when planning your production budgets and overall will save you money!
*For any first-time producers, we are happy to discuss discounted rates to help bring your creative vision to life!
*However if you prefer to stick to a daily rate model of payment that option is available as well. Our standard daily fee is $450 per production.
1. PRODUCTION ACCOUNTING
We offer full-service production accounting. We will follow the production from the inception of the SPV until the collection of any tax credits and closure of the bank account.
Our services include: preparing production cost reports, running payroll, handling all payments and bank accounts, HST filings and credit card and bank account recons.
Unlike other providers, we charge a flat fee per production. This will help you when planning your production budgets!
Production Accounting Fees:
$18,500* – For Small-sized productions (Production budget of $2 mil or less)
$20,500 – For Medium-sized productions ( Production budget between $2-3 mil).
Larger productions with budgets greater than $3mil to be discussed based on budget size.
*For any first-time producers, we are happy to discuss discounted rates to help bring your creative vision to life!
How it works:
The above fees will cover our services for 1 day a week for a full year. If additional services are required beyond a year we will charge a daily rate (to be discussed). Most productions are complete by a year so don’t worry about incurring these extra charges… however, have peace of mind that you will never be left to wrap up any payments as we will be here to take care of everything!
2. AUDIT FILE PREPARATION
Preparation of all year-end schedules required to complete corporate tax filings.
These schedules will be what is provided to your accountant/accounting firm who uses this information to complete and file the corporate tax filings (T2) for the production.
Schedules include:
- Labour breakdown
- Bank and credit card recs
- Final Cost Reports
- GL and Trial Balances
- Preliminary tax credit calculation
Based on your specific needs we can arrange a flat upfront fee or else invoice per hour. We will make sure to work with you to understand your specific needs and set up a payment method that works for you.
3. TAX CREDIT APPLICATIONS
Submitting the initial tax credit applications for federal and provincial tax credits in a timely manner and dealing with all CRA/ relevant tax authority correspondence.
Note: that in Canada we do not prepare or file corporate tax filings (T2). This service should be provided by an accredited CPA firm.
Based on your specific needs we can arrange a flat upfront fee or else invoice per hour. We will make sure to work with you to understand your specific needs and set up a payment method that works for you.
4. BUSINESS AFFAIRS SERVICES
Services include setting up a bank account, registering for HST, Incorporating an SPV and consultation on financing structures for international productions.
For these services we usually invoice based on hours worked however if you are already our customer and we are assisting you with other services we can often include these services in our production accounting fee.
5. GENERAL ACCOUNTING &
BOOKKEEPING SERVICES
For non-production related companies we also offer a full range of general bookkeeping and accounting services. This includes accounts receivable and accounts payable functions as well as month-end bank recs and other ad-hoc accounting tasks.
For this service, we will invoice based on hours worked and are happy to discuss how we can best assist your specific accounting needs.