New York’s premiere
Post Production Accounting
company for feature films.
Trevanna provides a comprehensive tax incentive service—from filing
the initial application to submitting the very last forms. Our firm has
successfully completed multiple tax credit submissions in several states. We
have been working on the tax incentive process since its inception in NY and
are entirely proficient in every aspect of the submission process, from pre-production through post.
Trevanna provides the following services for the NY Tax Credit:
- Calculate anticipated New York (“NYS”) state and New York City
(“NYC”) incentives or rebate from producer-supplied budget; complete and
submit “FORM A” and “FORM C.”
- Aid Production in determining qualified expenses and in setting
up the proper coding scheme for the accounting program, to be sure that
qualified expenses can be properly recorded to capture the incentive.
- Be available as needed during production to answer any
incentives-related questions, and/or to review weekly audit of the
General Ledger to ensure coding is being done correctly.
- Assemble the documents needed for the NY state and NYC tax
returns, i.e., completing the “FORM E” which breaks down the qualified
vs. non-qualified spend, and the “FORM F” which is a summary of the
labor, formatted as specified by the state.
- Gather all other required forms for “FORM D,” specifically
Daily Production Reports, Cast & Crew Lists, Shooting Schedule, List of Locations, Final budget and General ledger, including
separate general ledger (bible) runs for each qualified column.
- Await audit by the state, and research and
respond to items in question; after negotiating such items, calculate
final Tax Credit amount due.
- Provide information to outside CPA in their preparation of the
filing of the corporate tax returns.