John Finn, founder and CEO of Greenslate, remembers the good old days — and they weren’t that good. In 1995, when he first got into the independent film industry, he was a freelance production accountant, loaning himself out to productions where every penny counted. The standard practices of production accounting were daunting back then: there were seas of paperwork, year-end production company tax filings were strenuous efforts and, on set, accountants would spend entire days running around just trying to get signatures on start paperwork from producers and crew members. “I realized there was a need for financial acumen,” Finn recalls. […]
by Matt Prigge on Sep 27, 2017A recent panel on State Tax Incentives sponsored by Media Services and Film Incentives Group, LLC., was centered on tax credits for Massachusetts and Rhode Island, but much of the advice is applicable to other state programs. It’s important to note that while many states offer some form of tax incentive for filmmakers, there are several important differences between the various programs: whether it’s a rebate or a credit, transferable, has a cap [the state has a total limit per years for all credits], the minimum production budget requirements, and several other details. Also covered was: different ways to use the […]
by Michael Murie on Sep 28, 2012